Vietnam attends ASEAN economic meetings in Singapore
Updated : Tuesday, November 13, 2018 9:40 AM (GMT+0700)

A Vietnamesedelegation led by Deputy Minister of Industry and Trade Tran Quoc Khanhattended the ASEAN Economic Community Council Meeting and the PreparatoryMeeting of the ASEAN Economic Ministers’ Meeting in Singapore on November12. 

At a meeting in Singapore - Source: VNA

Deputies discussed issues regarding economic and tradecooperation, as well as intra-bloc investment; reviewed Singapore’s prioritiesand initiatives for 2018; and updated the progress of activities towards achievingthe ASEAN Economic Community 2025 goals. 

Such contents will be submitted to the 33rd ASEAN Summit andrelated meetings from November 13-15. 

Ministers agreed on the fourth protocol amending the ASEANComprehensive Investment Agreement, which will promote the construction of anopen, free, and transparent investment region that is pointed towards globalintegration. 

Regarding the ASEAN Trade in Services Agreement – one ofSingapore’s biggest priorities during its tenure of the ASEAN Chairmanship, negotiationshave been concluded and the deal’s legal review is currently underway. 

Participants debated new fields proposed by partner countriesfor future free trade agreements and wider cooperation frameworks. 

Singaporean Minister of Trade and Industry Chan Chun Singpresented a brief on the ASEAN member states’ ratification of the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership. 

During the sixth preparatory Regional Comprehensive EconomicPartnership (RCEP) Trade Ministers’ Meeting, ministers looked into importantorientations directed by leaders that would enable a consensus on marketopening, services and investment, and intellectual property, towards basicallyconcluding RCEP negotiations later this year. 

On the occasion, ASEAN economic ministers signed the ASEANE-Commerce Agreement to promote cross-border trade in the region, narrow thedevelopment gap, and fuel sustainable development. It is the bloc’s firstindependent deal in e-commerce so far, contributing to creating a safe andtrustworthy environment for both businesses and individuals.

Source: VNA 

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