ASEAN Economic Ministers join the last debate this year. moving forward to restore the economy Prepare for the digital economy Accelerate the ratification of the RCEP of the remaining members by this year, aim to modernize the agreement. with a successful conclusion to the ASEAN Summit this Nov.
ASEAN Economic Ministers join the last debate this year. moving forward to restore the economy Prepare for the digital economy Accelerate the ratification of the RCEP of the remaining members by this year, aim to modernize the agreement. with a successful conclusion to the ASEAN Summit this Nov.
Sansern Samalapa, Deputy Minister of Commerce revealed that it was assigned by Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce to attend the meetingASEAN Economic Minister (AEM) The 54th time was during 14-15 Sept 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 hasResolutions on key issues to revitalize regional economies and ASEAN preparations for the digital economy such as the comprehensive rehabilitation plan of ASEAN One point electronic customs system has been expanded to cover activities at international ports. and border crossing Accelerating the ratification of the RCEP of the remaining members by this year to take full advantage of the agreement.
Accelerating the 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 FTA ASEAN-Australia-New Zealand and ASEAN-China and negotiating FTA agreements with new negotiating partners such as ASEAN-Canada (ACAFTA), which will increase trade opportunities for Thai entrepreneurs. both expanding the market and facilitating more trade
In addition, the meeting also acceleratedImplement the ASEAN Carbon Neutrality Strategic Plan and accelerating the summary of the Core Elements of the ASEAN Community Vision following 2025, together with the Timor-Leste readiness assessment report 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 on greater utilization of commercial and innovative intellectual property systems. To promote the development of small and medium-sized enterprises (MSMEs) and startups
for meeting withASEAN Business Advisory Council (ASEAN-BAC) Exchanged 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 the goals of ASEAN in sustainable development. Thailand agreed on the importance and emphasized its intention to work together with the private sector in the transition 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.
However ASEAN Economic Ministers also attended the endorsement and approval of important documents. For example, the implementation 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. To aim for sustainable development in the ASEAN region Document Scope of Review of ASEAN-India Trade Agreement in Goods This is to upgrade the existing agreement to be modern and in line with the current trade model.
with the aim of opening up more markets Adjusting regulations in line with the trade situation and contributing to the facilitation of doing business more 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 relations and enhance economic growth in the region.
In addition, also participatedAnnouncement of the negotiation of the ASEAN Competition Framework Agreement This will help foster a fair business environment and competition in the ASEAN market. and agreed a report on a joint feasibility study to upgrade the ASEAN-China Free Trade Agreement. proposed for greater liberalization and create new collaborations such as the digital economy green economy supply chain link commercial competition consumer protection and small and medium-sized enterprises
During the 7-month period (Jan.-Jul. 2022), 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%. Thailand’s top five most valuable markets are Malaysia, Vietnam, Indonesia, Singapore and the Philippines.
