ASEAN countries adopt 14 priority initiatives
It demonstrates the determination of the Association of Southeast Asian Nations to actively promote economic co-operation
The proposed measures aim to rebuild and unify the region's economies, create an inclusive and sustainable future and boost digital transformation.
The programme was adopted at the 30th ASEAN Finance Ministers' Meeting held in the Lao city of Luang Prabang on the 8th and 9th of this month. Priorities for 2024 were also set.
Among the priorities, trade in goods and services is emphasised. A framework programme on trade facilitation was approved, while investment, finance, intellectual property and e-commerce were also addressed. The meeting also discussed improving existing agreements on ASEAN Trade in Goods (ATIGA) and Digital Economy (DEFA). This is reported by Prensa Latina, a partner of TV BRICS.
According to the ASEAN Secretariat released during the ministerial meeting, the association's gross domestic product (GDP) is expected to grow by 4.7 per cent in 2023, 3.1 percentage points higher than the global average.
Photo: IStock
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![Evgeny Solntsev]()
Evgeny SolntsevGovernor of Orenburg Region (Russia)"We see growth year after year. Last year, the figure increased by 11.6 per cent. The total share of our products on the sales market is around 24.7 per cent. BRICS countries account for a quarter of all our products. Good-neighbourly relations with Kazakhstan are very important for us. Then come China and India. We primarily focus on these countries because they are our closest neighbours" -
![Elias Monage]()
Elias MonageChairman of the South African side of the Russia-South Africa Business Council"If we are then to do a huge project, for example, on rail infrastructure, we can then bring the rest of the continent to participate in the rail development and infrastructure for the continent together with the partners within the BRICS countries. Whether we then bring, for example, Russia rail, we then bring India, we then bring China" -
![Maksim Reshetnikov]()
Maksim ReshetnikovRussian Minister of Economic Development"Plan 2030 has created a strong foundation for the qualitative expansion of trade and economic ties. There are all grounds to believe that by the end of the decade, Russia–China trade will reach US$300 billion"
