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11.03.24 18:31

Society

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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Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

Subrahmanyam Jaishankar

India’s External Affairs Minister

"As Chair, I thank each delegation for their presence and continued commitment to strengthening cooperation within the BRICS framework. […] Development issues remain central. Many countries continue to face challenges on energy, food, fertiliser and health security, as well as access to finances. BRICS can help them respond more effectively. Economic resilience is also key. Reliable supply chains and diversified markets are its essential components. We must focus on both"

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