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InfoQuest

Jurin delivers speech at "ASEAN +3" meeting and stresses seeking cooperation to confront current economic landscape

September 11, 2019


Abstract : Deputy prime minister and commerce minister of Thailand, said after the ASEAN Plus Three Foreign Ministers' Meeting, he was glad to welcome Chinese Prime Minister, the Minister of Economy, Trade and Industry of Japan, and South Korea's Minister of Trade, Industry and Energy, to attend the meeting.

InfoQuest (Sept. 10, 2019) -- Mr. Jurin Laksanawisit, deputy prime minister and commerce minister of Thailand, said after the ASEAN Plus Three Foreign Ministers' Meeting (the "three" refers to China, Japan and Korea) that on behalf of ASEAN, he was glad to welcome Chinese Prime Minister, the Minister of Economy, Trade and Industry of Japan, and South Korea's Minister of Trade, Industry and Energy, to attend the meeting.

The chairman of the meeting noted that "ASEAN + 3" cooperation framework plays a key role in boosting the development of East Asia amid global economic growth. Relevant parties have engaged in cooperation in many aspects. Particularly, in terms of economy, they have co-boosted the development of SMEs in ASEAN and enabled closer cooperation between ASEAN and the three countries. Besides, the framework has also won support from East Asia Business Council (EABC) and other regional private sector organizations.

"ASEAN + 3" mechanism has brought about tangible benefits for economy, people's livelihood, and trade, and boosted sound relations among countries in trade and investment amid an uncertain global economy, noted Mr. Jurin.

In 2018, the total trade volume of "ASEAN + 3" increased 6.8 percent compared with 2017. In terms of investment, the total investment volume of "ASEAN + 3" registered 37.9 billion U.S. dollars, accounting for 24.5 percent of foreign direct investment in ASEAN and up 9.9 percent compared with 2017.

Today, Jurin Laksanawisit held meetings with several dialog countries, including: 1. A bilateral discussion with India. 2. "ASEAN + 3 (China, Japan and Korea)" meeting. 3. RCEP-related meetings with Chairman of RCEP-TNC. 4. ASEAN-Russia meeting.5. Working lunch with Economic Minister of EAS (East Asia Summit). 6. ERIA (Economic Research Institute of ASEAN) delivered non-tax measures database. 7. ASEAN-India meeting. 8. ASEAN-Canada meeting. Results of these meetings will be released tonight.

Source: InfoQuest, by Kasamarporn Kittisamphan / Tanawat / Rachada, translated by Xinhua Silk Road

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Keyword: ASEAN+3 economic cooperation

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