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Continued commitment by Australia, New Zealand to support ASEAN hailed


The 27th ASEAN Economic Ministers-Closer Economic Relations (AEM-CER) Consultation that recently concluded in Siem Reap welcomed Australia’s and New Zealand’s continued commitment to support ASEAN beyond the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Economic Cooperation Support Programme (AECSP), particularly through the $32-million Regional Trade for Development (RT4D) initiative.

Welcoming the progress of upgrading negotiations of the Second Protocol to amend the agreement establishing the AANZFTA, the meeting noted that the upgraded AANZFTA would provide value-added elements that take into account modern trade practices, including government procurement, trade and sustainable development, and micro-, small and medium enterprises (MSMEs), competition, e-commerce and trade facilitation, a joint statement released at the conclusion of the meeting said.

The recent 27th ASEAN Economic Ministers-Closer Economic Relations Consultation has welcomed Australia’s and New Zealand’s continued commitment to support ASEAN beyond the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Economic Cooperation Support Programme (AECSP), particularly through the $32-million Regional Trade for Development (RT4D) initiative.

The meeting hailed the insights proposed by the Australia-ASEAN Chamber of Commerce to enhance trade and investment in the region and encouraged Australian businesses to provide cross-border internship and job exchange.

Fibre2Fashion News Desk (DS)




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