47th ASEAN Economic Ministers’ Meeting to finalise AEC formation
The 47th ASEAN Economic Ministers’ Meeting, scheduled to be held in Malaysia from August 22-25, will be the final step towards the formation of the ASEAN Economic Community by year-end.
The 47th ASEAN Economic Ministers’ Meeting, scheduled to be held in Malaysia from August 22-25, will be the final step towards the formation of the ASEAN Economic Community (AEC) by the end of this year.
Malaysian Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the meeting will discuss the implementation of AEC measures, especially the completion of commitments agreed under the AEC Blueprint 2015.
It will also develop the ASEAN Economic Vision through 2025, the Strategic Action Plan for the next 10 years and the ASEAN Small and Medium Enterprises Master Plan from 2016-2025, he noted.
The AEC seeks to formally establish a single market among the 10 member states of ASEAN, he said, adding that the integration of national economies into a single regional bloc will create a seamless trade and investment regime in ASEAN.
During the meeting, Mustapa will chair the ASEAN Economic Ministers’ Consultations with the bloc’s dialogue partners, including China, Japan, the Republic of Korea, Australia, New Zealand, India, Canada, Russia and the US.
The ASEAN economic ministers will also meet with representatives from the ASEAN Business Advisory Council, the East Asia Business Council, the Federation of Japanese Chambers of Commerce and Industry in ASEAN, the US-ASEAN Business Council, the Canada-ASEAN Business Council and the ASEAN-India Business Council.
In addition, the EU-ASEAN Business Summit and the East Asia Investment Forum will be held on August 23 and 24, respectively, to discuss the enhancement of ASEAN’s economic links with its dialogue partners.-VNA
More work needs to be done to ensure that the ASEAN Economic Community integration will actually bring about a stronger and more prosperous region, a senior financial institution official said.
Vietnam is the country likely to achieve the biggest gross domestic product (GDP) increase in percentage terms by joining the TTP and ASEAN Economic Community in almost all simulation scenarios.
Deputy Minister of Industry and Trade Nguyen Cam Tu spoke with Nhan Dan newspaper about Vietnam's preparations for the upcoming establishment of the ASEAN Economic Community (AEC) in late 2015.
Vietnam will be among countries benefiting greatly from the ASEAN Economic Community in terms of employment growth and labour productivity improvement.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
Illustrative image (Source: VNA)
