Kuala Lumpur (VNA) - Malaysia is confident that it will be able to achieve 15 of the 18 priority economic deliverables (PED) in time by the 47th ASEAN Summit next month.
Ministry of Investment, Trade and Industry deputy secretary-general (trade) Mastura Ahmad Mustafa said at the Preparatory Senior Economic Officials’ Meeting (Prep-SEOM) that of the 18 initiatives set by Malaysia this year, one has been completed, while another eight are close to reaching their targets. The remaining three are expected to be completed by year-end.
She said the PED which are almost completed include the signing of the ASEAN-China Free Trade Area 3.0 and the new ASEAN Trade in Goods Agreement, both set to be endorsed at the ASEAN Summit.
The PED spearheaded by Malaysia will drive regional economic integration as part of efforts to establish the ASEAN Economic Community (AEC).
According to Mastura, the Prep-SEOM discussion involved ASEAN member states, with all parties sharing their views and understanding on regional economic issues.
The Prep-SEOM, held at the Malaysia International Trade and Exhibition Centre, also focused on 10 key agendas, including the status of PED implementation under Malaysia’s commitments this year, she added./.
