Economic community looks for sustainable growth

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VietnamPlus English - 91 month(s) ago 10 readings

Economic ministers from ASEAN and its partners will take part in an upcoming regional economic ministerial meeting and related meetings, focusing on sustainable economic growth.

The 42 nd ASEAN Economic Ministers Meeting (AEM-42), the 4th ASEAN Economic Community Council Meeting (AEC-4) and related meetings will be held in Da Nang from August 22-28 with the participation of 10 ASEAN economic ministers and eight partners - China, the Republic of Korea, Japan, Australia, New Zealand, India, the European Union (EU) and Russia.

Themed, “AEC: A community for dynamic and sustainable growth”, the meetings affirm ASEAN’s commitment towards both economic growth and balanced, stable and sustainable development, Deputy Minister of Industry and Trade Nguyen Cam Tu told a press briefing in Hanoi on August 10.

The theme also matches with the ASEAN 2010 theme of, “Towards the ASEAN Community: From vision to action” and the ASEAN Leaders’ Statement on Sustained Recovery and Development proposed by Vietnam at the 16 th ASEAN Summit in April in Hanoi .

Participants will discuss measures to boost ASEAN economic cooperation towards the establishment of the ASEAN Economic Community by 2015.

The outcomes of the meetings will be submitted to the 17 th ASEAN Summit scheduled for October in Hanoi .

On this occasion, ASEAN and dialogue partners’ economic ministers will have consultations to review the implementation of relevant free trade agreements and discuss measures to promote negotiations towards new trade arrangements.

ASEAN and Russia will hold a dialogue at economic ministerial level for the first time to discuss directions for the promotion of economic and investment cooperation between the two sides in the future.

In addition to these activities, as host country, Vietnam also proposes various initiatives for cooperation such as dialogue with the private sector in regional policy making processes, and the first Consultations among Economic Ministers of Cambodia, Laos , Myanmar and Vietnam (CLMV) to discuss measures to narrow the development gap between CLMV and other ASEAN members./.

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