ASEAN Strengthen Relations With the US and Russia

Translator

Editor

26 August 2015 20:26 WIB

TEMPO.CO, Jakarta - The 47th Meeting of ASEAN Economic Ministers (AEM) in Kuala Lumpur, Malaysia, managed to strengthen trade relations between Southeast Asian countries and the United States and Russia, although politically the two countries are at odds.

In a press release received from the Ministry of Trade on Wednesday, August 26, in addition to the United States and Russia, trade relationship with Canada is also improved, making those countries important partners for ASEAN.

AEM meeting with the USA, Russia and Canada is part of the 47th AEM meeting in Kuala Lumpur, Malaysia, which took place on Tuesday. The meeting was led by Malaysian Minister of International Trade and Industry Dato Sri Mustapa Mohamed.

The meeting with Russia in the AEM-Russia Consultation forum, agreed on 57 new project proposed by Russia.

ASEAN and Russia also agreed on Post 2015 ASEAN-Russia Trade and Investment Cooperation Work Programme) as a continuation of the 2012-2015 work program.

The United States Trade Representatives (USTR) discussed the development of cooperation of ASEAN-US Trade and Investment Framework Arrangement (TIFA) and the Expanded Economic Engagement (E3) Initiatives Work Plan for 2015.

The meeting supports Indonesia's proposal to lower the UTSR ambition related to Shared Principles for International Investment proposal, the Trade Principles on Information and Communications Technology (ICT), and the ASEAN-US Best Practices on Transparency and Good Regulatory Practices.

The United States also expressed optimism for success Members of the WTO Ministerial Meeting in Nairobi in December 2015.

America and Russia become important for the countries of ASEAN. ASEAN's total trade with the US in 2014 reached 212.4 billion US dollars, which puts ASEAN as the 4th biggest trading partner to US. Indonesia ranks 4th in ASEAN as the US biggest market.

US investment reached 204 billion US dollars in 2013 which grew 9.1 percent compared to the year 2012.

Meanwhile, with Russia, ASEAN's total trade increased by 13 percent from 19.9 billion dollars in 2013 to 22.5 billion dollars in 2014. Russia is the eighth largest trading partner of ASEAN.

ANTARA



Yogyakarta to Host ASEAN Tourism Forum in 2023

9 hari lalu

Yogyakarta to Host ASEAN Tourism Forum in 2023

The city of Yogyakarta is set to host the ASEAN Tourism Forum (ATF) in Early February for four consecutive days from February 2 to 5.


South China Sea Dispute; Retno Marsudi Requests for Peace Paradigm

10 hari lalu

South China Sea Dispute; Retno Marsudi Requests for Peace Paradigm

ASEAN always aims to resolve disputes such as in the South China Sea, through non-military confrontation, says Minister Retno Marsudi


Jokowi on Cross Border Payment System: ASEAN One Step Ahead of Other Nations

26 hari lalu

Jokowi on Cross Border Payment System: ASEAN One Step Ahead of Other Nations

Indonesia's President Joko "Jokowi" Widodo appreciated the launch of an integrated digital payment system between five countries in ASEAN.


Jokowi: Situation in Myanmar Must Not Deter ASEAN Cooperation

28 hari lalu

Jokowi: Situation in Myanmar Must Not Deter ASEAN Cooperation

President Jokowi asserted at ASEAN Summit the situation in Myanmar should not interfere with the bloc's journey or cooperation.


ASEAN Agrees to Admit Timor Leste as Member

28 hari lalu

ASEAN Agrees to Admit Timor Leste as Member

ASEAN has agreed in principle to admit Timor Leste as its 11th member, the bloc said in a statement on Friday, November 11, 2022.


Ukraine Inks ASEAN Treaty of Amity and Cooperation

29 hari lalu

Ukraine Inks ASEAN Treaty of Amity and Cooperation

Ukraine signs the Treaty of Amity and Cooperation in Southeast Asia (TAC) amidst the 40th and 41st ASEAN Summit.


ASEAN Summit; Indonesian Foreign Minister Says Control Is in Myanmar Junta

29 hari lalu

ASEAN Summit; Indonesian Foreign Minister Says Control Is in Myanmar Junta

Indonesian Foreign Minister Retno Marsudi says the ASEAN Summit will discuss two major issues; ASEAN relations with outsiders and Myanmar issues.


Canadian Prime Minister Justin Trudeau to Attend ASEAN, G20 and APEC Summit

36 hari lalu

Canadian Prime Minister Justin Trudeau to Attend ASEAN, G20 and APEC Summit

Canadian Prime Minister Justin Trudeau will be participating in the ASEAN Summit in Phnom Penh, the G20 Summit in Bali, and the APEC Summit in Bangkok


ASEAN, EU Sign World's First Bloc-to-Bloc Air Transport Agreement

53 hari lalu

ASEAN, EU Sign World's First Bloc-to-Bloc Air Transport Agreement

The ASEAN-EU CATA is the world's first bloc-to-bloc air transport agreement which reflects the latest policy ideas in air transport regulation.


Indonesia Chairs ASEAN Transport Ministers Meeting in Bali

54 hari lalu

Indonesia Chairs ASEAN Transport Ministers Meeting in Bali

Indonesia is the chair of the ASEAN Senior Transport Officials Meeting and ASEAN Transport Ministers Meeting held in Nusa Dua, Bali.