Ministers from Japan and Southeast Asia have agreed to complete a \"roadmap\"
Ministers from Japan and Southeast Asia agreed to complete a \"roadmap\" in August to double trade in 10 years between the world\'s third largest economy and the rapidly developing region
.
The decision was made in Tokyo at a meeting of economic ministers from Japan and the 10 member states of the Association of Southeast Asian Nations (ASEAN), according to a joint press statement, released on Saturday.
The two sides had first agreed to work towards the plan when they met in August last year.
The roadmap will be presented for approval at a meeting of ASEAN and Japanese economic ministers in Cambodia in August, the statement said.
It will focus on areas such as liberalising trade, harmonisation of systems and narrowing development gaps.
\"ASEAN is an important production base for our country and at the same time it is a market with remarkable growth,\" Yukio Edano, Japan\'s minister of economy, trade and industry, told a news conference.
\"It is important for our country to join hands with ASEAN to seek economic growth.\"
Japan also backed ASEAN\'s proposed pact to encourage trade and investment, the Regional Comprehensive Economic Partnership (RCEP).
The pact is envisaged to involve 16 countries -- the ASEAN members and their \"dialogue partners\" -- Australia, China, India, New Zealand, Japan and South Korea -- with a total population of more than three billion.
The RCEP is not expected to require such rigid tariff-cutting rules as those under the Trans-Pacific Partnership (TPP) free trade agreement involving a number of countries including the United States, Kyodo news agency said.
ASEAN secretary general Surin Pitsuwan said the aim was to integrate ASEAN \"into the global marketplace seamlessly without any obstacles.\"
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al MandebGMT 09:34 2018 Tuesday ,23 January
IMF raises global growth forecasts, US tax cuts provide boostGMT 05:14 2018 Tuesday ,23 January
Macron hosts 140 CEOs in pre-Davos charm offensiveGMT 05:02 2018 Monday ,22 January
Trump lashes out ahead of vote to end shutdownGMT 09:08 2018 Sunday ,21 January
Trump and 'Davos Man': best of enemiesGMT 07:16 2018 Friday ,19 January
Calls for action over dirty money flowingGMT 07:48 2018 Thursday ,18 January
Watchmakers hope to make Chinese market tickGMT 07:41 2018 Thursday ,18 January
Economists call for overhaul of eurozone fiscal rulesMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor