ASEAN-EU agree to intensify trade and investment ties

Both parties welcome opportunities to increase trade and investment through bilateral free trade agreements, strengthen connectivity and economic ties between the two regions, and promote sustainable development for both sides.

JAKARTA (ANTARA) – The 24th ASEAN-EU Ministerial Meeting held in Brussels, Belgium on February 2 agreed to further intensify trade and investment relations between the countries.

„We are encouraged by the strong economic cooperation between ASEAN and the EU, with the EU becoming ASEAN's third largest foreign investor and third largest trading partner in 2022 and reaffirmed our commitment to use this positive momentum to further intensify trade and investment relations between ASEAN and the EU,” said in Jakarta. According to the Joint Ministerial statement, on Saturday.

At a meeting attended by ASEAN Foreign Ministers and EU Member States, the ASEAN Secretariat and the European Commission and Timor-Leste as an ASEAN observer, ASEAN reiterated the importance of addressing long-standing market access issues.

Both parties welcome opportunities to increase trade and investment through bilateral free trade agreements, strengthen connectivity and economic ties between the two regions, and promote sustainable development for both sides. )

„We will intensify our engagement in trade and economic affairs and explore other areas in the short and medium term to enhance cooperation in areas of mutual interest such as the digital economy, green technologies and green services, sustainable goods production and consumption, and supply chain. Resilience, while the future Asean-Europe The Union FTA reaffirms this as a common long-term objective,” the statement noted.

Also, at a meeting chaired by Philippine Foreign Minister Enrique Manalo and European Commission Vice-President Joseph Borrell, ASEAN and the EU reaffirmed the shared values ​​and common interests underlying 47 years of ASEAN-EU dialogue relations. Satisfaction with the comprehensive and varied nature of dynamic partnerships.

READ  Modernity and tradition in the cultural center of Bali

They reaffirmed the strategic partnership and shared interest in keeping the regions peaceful, stable and prosperous, upholding and respecting the international law and rules-based international order, following international law and maintaining peace, security and stability. Actions to promote and protect human rights, including gender equality and fundamental freedoms, for persons with disabilities.

Furthermore, ASEAN reaffirmed its continued commitment to support Timor-Leste's accession to ASEAN.

The meeting also noted that the EU's support for Timor-Leste's accession to the World Trade Organization (WTO) would help its integration into the global economy and regional architecture.

Related news: EU highlights strong trade, investment ties with ASEAN
Related News: Partnership with ASEAN on Indo-Pacific Strategy: EU

Translator: Kundum Kyra Rizwan, Cindy Frishanti Octavia
Author: Ari Novarina
Copyright © ANTARA 2024

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *