Cambodian Minister of Commerce Pan Sorasak called for the use of digital technology to restore trust between businesses and customers, during the 52nd Meeting of ASEAN Economic Ministers (AEM-52) on August 29.
Cambodian Minister of Commerce Pan Sorasak calls for the use of digital technology to restore trust between businesses and customers, during the 52nd Meeting of ASEAN Economic Ministers on August 29. (Photo: Cambodian Ministry of Commerce)
Phnom Penh (VNA) – Cambodian Minister of Commerce PanSorasak called for the use of digital technology to restore trustbetween businesses and customers, during the 52nd Meeting of ASEAN EconomicMinisters (AEM-52) on August 29.
Theminister presented Cambodia’s viewpoints on eliminating trade barriers and marketreopening which, together with the impact of COVID-19, were topics discussedat the meeting.
Theparticipating ministers agreed on the need to prioritise a mechanism for theimplementation of the Hanoi Plan of Action on Strengthening ASEAN EconomicCooperation and Supply Chain Activity in Response to the COVID-19 Pandemic.
Theyalso approved the CLMV Action Plan 2021-2022, which will foster trade andinvestment cooperation, regional commitments, the common framework for CLMVdevelopment, human resources development, and the post COVID-19 rehabilitation plan.
Withinthe framework of the AEM-52 and related meetings, which was held in the form ofteleconferencing in Hanoi, the ministers had a consultation with partnersoutside the grouping, including India.
Theevent was co-chaired by Vietnamese Minister of Industry and Trade Tran Tuan Anhand India’s Minister of Railways and Minister of Commerce and Industry PiyushGoyal.
Theministers said that to boost economic development and ensure macro-economicstability, it is necessary to reopen markets and ensure sustainable supplychains in the region, especially for essential commodities such aspharmaceuticals, medicine and food.
They recalled both sides’ efforts to ratify their investmentagreement and review the ASEAN-India Trade in Goods Agreement (AITIGA).
They also highly evaluated activities of the ASEAN-India Business Council in 2020, especially amid the COVID-19pandemic, which they said have helped promote trade and investment cooperationand mitigate negative impact of the pandemic.
ASEAN statistics showed that the trade turnover between ASEANand India accounted for 2.7 percent of the bloc’s total trade value, whileIndia’s investment in the bloc made up 1.3 percent of the total FDI attractedby the bloc./.
The ASEAN economic ministers held the virtual 25th consultation with external partners Australia and New Zealand on August 29, within the framework of the 52nd ASEAN Economic Ministers’ Meeting and related meetings.
Economic ministers of 10 ASEAN member states and India discussed measures to fight the COVID-19 pandemic and maintain macro-economic stability at the 17th AEM-India Consultations held within the framework of the 52nd ASEAN Economic Ministers’ Meeting (AEM-52) on August 29.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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.
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