Vietnam to host ASEAN Economic Ministers' Meeting

19:47, August 10, 2010      

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Vietnam will host the 42nd ASEAN ( Association of Southeast Asian Nations) Economic Ministers' Meeting (AEM) and related meetings from August 22 to 28 in central city of Danang, said Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu here on Tuesday at a press briefing.

The meeting, themed in "ASEAN Economic Community: A Community for Dynamic and Sustainable Growth", affirms the ASEAN's commitments towards economic growth and a balanced, stable and sustainable development, said Tu.

The 42nd AEM will provide opportunity for economic ministers from ASEAN countries to discuss strategies and concrete measures to promote economic cooperation within the bloc towards the establishment of the ASEAN Economic Community by 2015, he said.

The meeting's outcomes will be reported to the 17th ASEAN Summit in October this year.

Tu said that concurrently with the 42nd AEM, Vietnam will hold the 4th ASEAN Economic Community Council (AEC) Meeting.

The 4th AEC Meeting will focus on reviewing the implementation of the ASEAN Economic Community Blueprint, discussing the challenges and opportunities in the economic community building process of the bloc with priorities in transportation and ASEAN connectivity, and solutions to the challenges.

The deputy minister said that the year of 2010 is important in the process of realizing the ASEAN Economic Community.

Besides the above meetings, ASEAN economic ministers and their counterparts from eight dialogue partners including China, the Republic of Korea, Japan, Australia, New Zealand, India, the European Union and Russia will hold consultations to promote trade and economic cooperation between ASEAN and its partners.

The consultations aim to assess the implementation of free trade agreements, put forward measures to enhance negotiation of new trade agreements and identify direction of cooperation between ASEAN and its partners.

Source: Xinhua


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