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June 23, 2018

Meeting of The Ministers — Laos concludes 48th AEM meeting and joint meetings

Eighth Mekong-Japan Economic ministers meeting in progress.
Eighth Mekong-Japan Economic ministers meeting in progress.

THE 48th ASEAN Economic Ministers (AEM) Meeting and related meetings entered its fourth day in Vientiane of Laos yesterday alongside the joint meetings with the ASEAN Business Advisory Council as well as with economic ministers from partner countries Japan and India and Hong Kong.
Planning and Finance Union Minister U Kyaw Win attended the meetings.
At the meeting with the ASEAN Business Advisory Council, the economic ministers exchanged views on the promotion of trade cooperation with other ASEAN Plus 1 business councils, enhancement of investment in agri-food, retail, logistics and healthcare, and development of small and medium enterprises, including e-commerce activities. The meeting also focused on plans for the private sector development to be discussed at the ASEAN Summit, which is scheduled for September.
At the 8th Mekong-Japan Economic Ministers Meeting, the ministers discussed Japan’s assistance to the industrialisation and development of the Mekong region. The 22nd ASEAN-Japan Economic Ministers Meeting focused on progress in the implementation of bilateral economic ties, with the ministers discussing the ten-year roadmap of ASEAN-Japan economic cooperation designed to facilitate the establishment of ASEAN Economic Community 2025.
At the 13th ASEAN-India Economic Ministers Meeting, the ministers reviewed the ongoing implementation of the free trade between ASEAN and India, focusing on closer private sector cooperation. The ministers also exchanged views on suggestions put forward by the ASEAN-India Economic Council.
The economic ministers of ASEAN countries also met their counterparts from Hong Kong to discuss the establishment of a free trade area for trade, services and investment.
At the CLMV Economic Ministers Meeting, the economic ministers from Cambodia, Laos, Myanmar and Viet Nam, reviewed the Action Plan 2017-2018 submitted by the CLMV senior economic officials,
focusing on the commitment to accelerating the regional development.
Laos successfully hosted the 48th ASEAN Economic Ministers Meeting and 19 joint meetings in Vientiane from Tuesday until yesterday.




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