Intellasia East Asia News – Japan and ASEAN to deepen economic ties ahead of 50th anniversary of friendship.

Japan and the Association of Southeast Asian Nations agreed on Sunday to deepen economic ties in areas such as supply chain resilience ahead of the 50th anniversary of the Asean-Japan friendship.

During a face-to-face meeting of economy ministers in Siem Reap, Cambodia, the two sides affirmed their cooperation in establishing a system for companies in each country to share information on their stockpiles. ‘supply.

“We reaffirmed that we will overcome challenges together through free and fair trade and investment to pioneer the future in times of economic uncertainty,” particularly in the wake of the coronavirus pandemic and the Russia’s war against Ukraine, Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura said. told reporters after the meeting.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Trade between Asean and the plus three countries Japan, China and South Korea saw an increase of 25.1 percent, reaching a total value of $1.10 trillion in 2021.

Nishimura said Japan is proposing efforts to strengthen economic cooperation, such as creating a network of 100 entrepreneurs from Japan and ASEAN every year and creating 100 business projects a year to solve social problems.

Also in Cambodia on Saturday, economy ministers of the regional Comprehensive Economic Partnership Agreement, which includes ASEAN and the three plus countries, as well as Australia and New Zealand, held their first ministerial meeting since the entry into force of the partnership in January.

Category: Japan, Regional

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