Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Ministerial meeting of Russia and ASEAN approves cooperation programme to 2025
14 September 2021 19:30

The Russia-ASEAN Ministerial Meeting on Tuesday, 14 September, approved a Trade and Investment Cooperation Roadmap and a Work Programme for its implementation, which lay the foundation for further cooperation and implementation of joint economic projects over a five-year period. Russia was represented at the meeting by Deputy Minister of Economic Development Vladimir Ilichyov.

During the presentation of the new strategic documents, the deputy minister noted that Russia and the G10 countries have already managed to formulate adequate joint measures for the post-COVID economic recovery. "The pandemic proved to us that only by increasing cooperation in the three key areas – trade and investment, digital economy and sustainable development – can we effectively emerge from the crisis. For example, by the end of 2020, investment in joint projects has increased by 3.5 times compared to 2019, reaching $8.8 billion," he said.

Assessing the prospects for interaction between Russia and ASEAN over the next 5 years, Vladimir Ilichyov said it was important to modernize the countries' economic models to make them more sustainable. "In this regard, we see great potential in the interaction with our ASEAN partners on the climate agenda and are ready to embark on joint climate projects under the new Roadmap," stressed the head of the Russian delegation.

A special focus of the meeting was on the development of economic and integration cooperation between the EAEU and ASEAN. The parties agreed to prepare a number of initiatives on the development of "one-stop shop" systems, e-commerce, protection of intellectual property rights, and the application of sanitary and phytosanitary measures.

The meeting resulted in the endorsement of a Joint Statement of Economic Ministers.

Дата публикации: September 14, 2021
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