ASEAN, UK boost trade cooperation

ASEAN Secretary-General Dato Lim Jock Hoi and UK Secretary of State for International Trade Anne-Marie Trevelyan have discussed overall economic ties between the two sides.
ASEAN, UK boost trade cooperation ảnh 1ASEAN Secretary-General Dato Lim Jock Hoi (R) poses for a photo with UK Secretary of State for International Trade Anne-Marie Trevelyan. (Photo: asean.org)
Jakarta (VNA) – ASEAN Secretary-General Dato Lim Jock Hoi andUK Secretary of State for International Trade Anne-Marie Trevelyan havediscussed overall economic ties between the two sides.

During their meeting at the ASEAN Secretariat’s headquarters in Jakarta onFebruary 23, the two sides also discussed areas of mutual interest suchas the ASEAN Comprehensive Recovery Framework (ACRF), sustainability andclimate change, infrastructure development, digital innovation, and ASEAN centralityin the Indo-Pacific.

They looked forward to the implementation of the ASEAN-UK Joint MinisterialDeclaration on Future Economic Cooperation as agreed during the first ASEANEconomic Ministers – UK Consultation last year, while exchanging views on theprospect of a joint study on how to further advance ASEAN-UK economiccooperation including through a possible free trade agreement/comprehensiveeconomic partnership.

ASEAN Secretary-General Lim appreciated the UK’s consistent efforts andcontribution in supporting the realisation of the ASEAN Community. He underscoredthe importance of elevating the ASEAN-UK economic partnership and improvingtrade and investment links between both sides.

He called on the UK to take advantage of the trade and investmentfacilitation presented by the Regional Comprehensive Economic Partnership(RCEP) Agreement, by expanding the country’s investment in ASEAN member states.

Further, the ASEAN chief encourageda closer alignment between the UK and ASEAN’s priorities by exploring thepossibility of a suite of cooperation programmes in areas of sustainability,infrastructure, and digital transformation, which are important areas forpost-pandemic recovery effort, as well as longer term structuraltransformation.

Two-way trade between ASEAN and the UK reached over 31.8 billion USD in 2020./. 
VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.