The 12th ASEAN Economic Ministers (AEM) – Canada Consultation took place in Semarang, Indonesia on August 20 under the co-chair of Indonesian Minister of Trade Zulkifli Hasan and Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng.
Indonesia’s ASEAN 2023 chairmanship theme “ASEAN Matters: Epicentrum of Growth” recognizes that ASEAN can exert its voice and influence much better with economic heft.
Southeast Asian shares fell on Friday as investors' confidence chilled in light of fresh turmoil from the Chinese property market, amid fears of a further slowdown in the second largest economy that could weigh on the region's trade and tourism.
Today, the ASEAN Member States and the World Intellectual Property Organization (WIPO) signed a Memorandum of Understanding (MOU) during the ASEAN-WIPO Interface Meeting at the 55th ASEAN Economic Ministers Meeting (AEM). The MOU was signed by the Secretary-General of ASEAN, Dr. Kao Kim Hourn, and the Director General of WIPO, Mr. Daren Tang, and witnessed by Economic Ministers of ASEAN Member States (AMS).
The study on the ASEAN Digital Economy Framework Agreement (DEFA) has been officially endorsed by the ASEAN Economic Ministers’ (AEM) meeting on 19 August 2023. The study was commissioned by the ASEAN Member States, with the support from Australia for ASEAN Futures Initiative (Aus4ASEAN Futures), and provides an ambitious vision of harmonious digital opportunity for the region, going beyond the existing bilateral or multilateral Digital Economy Agreements (DEAs).
A decision on a long pending issue of initiating a review of the existing free trade agreement on goods between India and the 10-nation Asean bloc may be taken up during a meeting in Indonesia on Monday, an official said. The issue will come up for discussion and decision during the India-Asean economic ministers meeting on Monday.
Japan will work with the Association of Southeast Asian Nations (ASEAN) members to promote the digital processing of import-export activities in an effort to facilitate bilateral trade, Nikkei Asia reported.
Malaysia's economic growth hit the lowest in nearly two years in the second quarter due to sliding exports and a global slowdown, prompting the central bank on Friday to warn that full-year growth will come in at the lower end of its previous forecast.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
