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21ST ASEAN ECONOMIC MINISTERS’ RETREAT, KOTA BHARU KELANTAN, MALAYSIA, 28 FEBRUARY - 1 MARCH 2015

Posted by admin2 on June 15, 2015 at 7:03 pm
KUALA LUMPUR, Feb 18 (Bernama) — Economic ministers from ASEAN member states will gather in Kota Bahru, Kelantan, from Feb. 28-March 1 at a crucial meeting to advance the plans for the establishment of the ASEAN Economic Community (AEC).

The 21st ASEAN Economic Ministers’ Retreat, one of the many ASEAN meetings held in conjunction with Malaysia’s leadership of ASEAN in 2015, will be chaired by Y.B. Dato’ Sri Mustapa Mohamad, the Minister of International Trade and Industry. The ASEAN Economic Ministers attending the Retreat is in the Attachment A.

The Annual Retreat is normally convened with the objective to enable ASEAN Economic Ministers to assess and take stock of the overall achievements in regional integration and to consider and discuss possible new initiatives. However, the Retreat this year is critical in that the economic ministers will focus on ensuring that all core economic integration measures as stipulated in the AEC Blueprint are substantially realized. 

This AEC is set to come into effect by Dec. 31, 2015. It is aimed at creating a single market and production base in the region to further bolster ASEAN’s progress and prosperity. The recommendations from the private sector and the concerns over a perceived increase in non-tariff barriers to trade in the region will be one of the main agenda items to be discussed by the Ministers.

The Ministers are also expected to consider and provide guidance on the work to draft the Post-2015 Economic Vision and Plan for ASEAN. This is another important deliverable for the Ministers as the expectation from the stakeholders is that ASEAN will be issuing a new and bold plan at the end of the year to set the direction for deeper regional integration for the next decade.

The AEM Retreat will be preceded by the 8th Meeting of the High-Level Task Force on ASEAN Economic Integration Working Group on Post-2015 Economic Vision and the Preparatory Senior Economic Officials Meeting. 

As the Chair and host, Y.B. Dato’ Sri Mustapa Mohamad will also be taking the opportunity of the Retreat to garner support from the other ASEAN Member States for a number of side–events that are being organised in Malaysia, including: 

(i) Southeast Asia Regulatory Reform Conference (9-12 March 2015);

(ii) ASEAN SME Showcase and Conference 2015 (26-28 May 2015);

(iii) ASEAN Business and Investment Summit (November 2015); and

(iv) Several ASEAN Youth and Young Entrepreneurs related summits.

The full programme of activities for the Retreat is in Attachment B.

SOURCE: Ministry of International Trade and Industry

FOR MORE INFORMATION PLEASE CONTACT:
Name : Sabri Salleh
Corporate Communications Unit
Tel     : 03-6200 0043
Email : sabri.salleh@miti.gov.my

–BERNAMA

 

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