Asean turns to UK, Russia Bloc aiming to step up economic talks

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Asean is ramping up talks with the United Kingdom and Russia, with the aim of pushing forward economic cooperation.

Auramon Supthaweethum, director-general of the Trade Negotiations Department, said
Duangarthit Nidhi-u-tai, deputy director-general of the department, had been assigned to participate in the 4th Asean-UK senior economic officials meeting (SEOM); the 15th Asean-Russia senior economic officials meeting; and the 31st Asean-Europe trade commissioner’s meeting held during July 14-16 in Surabaya, Indonesia.

The purpose was to discuss and monitor the progress of economic, trade and investment cooperation plans, as well as prepare for the Asean-UK, Asean-Russia and Asean-Europe economic ministers’ meetings in August.

Mr Duangarthit said during the Asean-UK SEOM, the two parties reviewed the progress of cooperation plans between 2022-23, focusing on enhancing economic relations, trade and investment through 11 areas of cooperation, such as Asean-UK supply chain connectivity, market opening, digital innovation and the development of micro, small and medium enterprises (MSMEs).Additionally, they discussed projects aimed at promoting public-private partnerships, financial services and sustainable growth.

The outcomes of these discussions will be presented to the Asean-UK economic ministers for consideration in August.

Regarding the Asean-Russia SEOM, the participants discussed plans for trade and investment cooperation between Asean and Russia and the economic cooperation plan between Asean and the Eurasian Economic Commission.Source: Bangkok Post

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