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Trade facilitation to promote ASEAN investment

The ASEAN Business Advisory Council (ABAC) proposed initiatives to promote ASEAN investment through trade facilitation at the ASEAN Economic Ministers (AEM) and ABAC Consultation in Vietnam’s central city of Da Nang on March 10.
Trade facilitation to promote ASEAN investment ảnh 1Participants at the event (Source: baodautu.vn)

Da Nang (VNA) –
The ASEAN BusinessAdvisory Council (ABAC) proposed initiatives to promote ASEAN investmentthrough trade facilitation at the ASEAN Economic Ministers (AEM) and ABACConsultation in Vietnam’s central city of Da Nang on March 10.

The ABAC suggested developing micro, small andmedium enterprises (MSMEs) focusing on key categories such as e-commerce,tourism, transportation and logistics, as well as having consistent reformpolicies.

The council has demonstrated its role ofpromoting the global economy and contributed to building the ASEAN EconomicCommunity (AEC) into a dynamic environment with numerous opportunities viamajor projects such as human resources development, digital trade connection,and upgrading consulting network for ASEAN businesses.

Earlier on March 8, the Ministry of Industry andTrade chaired a preparatory meeting of ASEAN senior economic officials.Participants discussed 13 priorities proposed by Vietnam based on three mainorientations: promoting intra-bloc economic connectivity, intensifyingpartnerships for peace and sustainable development, and enhancing ASEANadaptive capacity and operational efficiency.

Founded in 1967, the Association of SoutheastAsian Nations (ASEAN) groups 10 member countries, namely Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand andVietnam./.
VNA

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