ASEAN-EU economic dialogue opens in Indonesia
A dialogue to promote economic cooperation between ASEAN and the
European Union (EU) was held in Jakarta on December 10-11 by the ASEAN
Secretariat, the French and German embassies and a delegation from the
EU in Indonesia.
A dialogue to promote economic cooperation between ASEAN and the
European Union (EU) was held in Jakarta on December 10-11 by the ASEAN
Secretariat, the French and German embassies and a delegation from the
EU in Indonesia.
The two-day event brought together major ASEAN, European and international economic experts, both from the public and private sectors, and representatives from several leading regional and international businesses operating in the ASEAN region.
Speaking at the event, representatives from the embassies and EU delegation affirmed the huge potential for cooperation between ASEAN and the EU in all fields, especially in economics.
They also shared experience in integrating and building common communit y as both sides have many similarities in this area.
French, German and EU diplomats reaffirmed their governments’ commitments to supporting ASEAN as well as its member countries, including through the development of small and medium-sized enterprises.
They said that this dialogue and the others that will follow in the future will bring many opportunities for public-private areas of ASEAN and the EU to share their experience on regional integration, thus strengthening mutual understanding and promoting business partnerships as well as investment and trade cooperation between the two sides.
In the framework of the event, participants focused on the progress that ASEAN has made in its bid to establish an ASEAN Economic Community by 2015 and enhancing business connectivity within and between the blocs.
Also deliberated at the event were the lessons from the global economic downturn, especially the public debt risk in Europe; the importance of regional integration and trade in coping with global economic challenges; the cooperation prospects between ASEAN and the EU; and ASEAN’s achievements in reforming regional economics.
ASEAN Vice Secretary General Lim Hong Hin noted that the potential for promoting cooperation between ASEAN and the EU is huge, however, the rate of trade exchange between the two sides accounted for only 9.8 percent of the total value of trade exchange between ASEAN and its other partners in 2011.-VNA
The two-day event brought together major ASEAN, European and international economic experts, both from the public and private sectors, and representatives from several leading regional and international businesses operating in the ASEAN region.
Speaking at the event, representatives from the embassies and EU delegation affirmed the huge potential for cooperation between ASEAN and the EU in all fields, especially in economics.
They also shared experience in integrating and building common communit y as both sides have many similarities in this area.
French, German and EU diplomats reaffirmed their governments’ commitments to supporting ASEAN as well as its member countries, including through the development of small and medium-sized enterprises.
They said that this dialogue and the others that will follow in the future will bring many opportunities for public-private areas of ASEAN and the EU to share their experience on regional integration, thus strengthening mutual understanding and promoting business partnerships as well as investment and trade cooperation between the two sides.
In the framework of the event, participants focused on the progress that ASEAN has made in its bid to establish an ASEAN Economic Community by 2015 and enhancing business connectivity within and between the blocs.
Also deliberated at the event were the lessons from the global economic downturn, especially the public debt risk in Europe; the importance of regional integration and trade in coping with global economic challenges; the cooperation prospects between ASEAN and the EU; and ASEAN’s achievements in reforming regional economics.
ASEAN Vice Secretary General Lim Hong Hin noted that the potential for promoting cooperation between ASEAN and the EU is huge, however, the rate of trade exchange between the two sides accounted for only 9.8 percent of the total value of trade exchange between ASEAN and its other partners in 2011.-VNA
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
World
Thailand, EU hope to sign FTA in mid-2025
Before the Songkran holiday, senior officials from Thailand and the European Union (EU) met in Bangkok to discuss ways to promote their relationship, including the framework of the Free Trade Agreement (FTA), green transformation, and Schengen visa waiver, Thai media has reported.
World
India’s trade deficit with ASEAN widens
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
World
Malaysia to cut down on petrol subsidies this year
Malaysian Economy Minister Rafizi Ramli has announced that the country will reduce petrol subsidies this year to reduce its fiscal deficit.
World
El Nino thins the only glacier in Indonesia: BMKG
Global warming has played a key role in gradually thinning the glaciers atop Puncak Jaya, Papua, Indonesia, some of the few remaining tropical glaciers in the world, according to Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG).
World
Thailand welcomes over 10 mln foreign arrivals so far this year
More than 10 million foreign tourists have visited Thailand so far this year, bringing in more than 500 billion THB (13.5 billion USD), the country’s Tourism and Sports Ministry has reported.
