ASEAN discusses the ways to revive the economy A summary of the results of the leaders’ presentation this November.

ASEAN Economic Ministers are joining the last talks this year. move on to restore the economy Prepare for the digital economy Accelerate the RCEP ratification of the rest of the members by this year, aim to modernize the agreement. with a successful conclusion to the ASEAN Summit this November.

Sansern Samalapa, Deputy Minister of Trade revealed that he had been assigned by Mr Jurin Laksanawisit, the Deputy Prime Minister and the Minister of Trade to attend the meetingASEAN Economic Minister (AEM) The 54th time was during 14-15 September in Siem Reap province. Kingdom of Cambodia This is the last official meeting of the year. To summarize the success report to theASEAN Summit in November

the meeting hasDecisions on key issues to revitalize regional economies and ASEAN’s preparations for the digital economy such as ASEAN’s comprehensive rehabilitation plan A single-point electronic customs system has been expanded to include activities at international ports. and cross the border Accelerating the RCEP ratification of the rest of the members by this year to take full advantage of the agreement.

Accelerating negotiations to modernize the ASEAN Free Trade Agreementand in line with the new trade model, such as the ASEAN Trade in Goods Agreement (ATIGA), the ASEAN-India ASEAN-Australia-New Zealand and ASEAN-China FTAs ​​and the negotiation of FTA agreements with new negotiating partners such as ASEAN-Canada (ACAFTA) , which will increase trade opportunities for Thai entrepreneurs. expand the market and facilitate more trade

In addition, the meeting also sped upImplementation of the ASEAN Carbon Neutrality Strategic Plan and expedite the summary of the Core Elements of the ASEAN Community Vision after 2025, together with the assessment report of Timor-Leste’s readiness for ASEAN membership. In terms of economic pillars to be presented to the ASEAN Leaders Meeting in November

Sansern said the ASEAN Economic Ministers also met with the Director General of the World Intellectual Property Organization (WIPO) to consider long-term cooperation.Collaborate to make greater use of commercial and innovative intellectual property systems. Promote the development of small and medium enterprises (MSMEs) and new businesses

for meeting withASEAN Business Advisory Council (ASEAN-BAC) Exchange views on issues that the private sector has focused on and implemented this year, such as Digital Trade Connect, focusing on connecting regional digital trade for the benefit of international transactions. which will support ASEAN’s goals in sustainable development. Thailand agreed on the importance and emphasized its intention to collaborate with the private sector in the change towards environmentally friendly energy. for the goal of achieving carbon neutrality This will help ASEAN maintain economic opportunities and stability in the world market in the future.

Anyway ASEAN Economic Ministers were also present to endorse and approve important documents. For example, the action plan under the Circular Economy Framework for the ASEAN Economic Community 2023-2030, which defines the scope of work and cooperation activities under the Circular Economy Framework. Aiming for sustainable development in the ASEAN region Document Scope of the Review of the ASEAN-India Trade Agreement in Goods This is to upgrade the current agreement to be modern and in line with the current trade model.

with the aim of opening more markets Adjust regulations in line with the trade situation and contribute to facilitating doing more business and documents on trade and investment cooperation between ASEAN and dialogue partners such as Plus Three (China, Japan and the Republic of Korea), the United States, China, the European Union and the United Kingdom. This will be an important mechanism to help strengthen ties and improve economic growth in the region.

In addition, also participateAnnounce the negotiation of the ASEAN Competition Framework Agreement This will help foster a fair business environment and competition in the ASEAN market. and a report on a joint feasibility study to upgrade the ASEAN-China Free Trade Agreement was agreed. proposed for more liberalization and the creation of new collaborations such as the digital economy green economy supply chain linkage commercial competition consumer protection and small and medium-sized enterprises

During the period of 7 months (January-July 2022), the trade between Thailand and ASEAN was worth 75,628 million dollars, an increase of 19% compared to the same period of the previous year. Thailand exports to ASEAN worth 43.699 million dollars, an increase of 18.7%, and Thailand imports from ASEAN worth 31,928 million dollars, an increase of 20% The top five most valuable markets in Thailand are Malaysia, Vietnam, Indonesia , Singapore and the Philippines.

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