Implementation committees on ASEAN Economic Community (AEC) 2025 consultations held

The meeting among committees on the implementation of the ASEAN Economic Community (AEC) 2025 was held yesterday at the Ministry of Investment and Foreign Economic Relations. The meeting was attended by U Aung Naing Oo, Union Minister for Investment and Foreign Economic Relations, the deputy ministers, permanent secretaries, directors-general and representatives from 22 AEC committees.
At the meeting, the Union minister shared the experiences relating to Myanmar’s participation in the Special Economic Ministers’ Meeting which was held in May 2022 in Bali, Indonesia. He also underscored the necessity for preparation in repose to new emerging trends that coming from regional and international cooperation.
In addition, the Union minister updated the implementation status of the Regional Comprehensive Economic Partnership (RCEP) Agreement and the status of the development of the ASEAN Community’s post-2025 vision.
The Union minister explained that Myanmar’s implementation rate was 70.7 per cent for the AEC Annual Priorities in 2021. He also encouraged the committees to keep the momentum in the implementation of AEC Annual Priorities in 2022 and to comply with the commitments in ASEAN Agreements.
After that, U Than Aung Kyaw, Deputy Minister for Investment and Foreign Economic Relations, Eminent Person of the High-Level Task Force on the ASEAN Community’s Post-2025 Vision explained ASEAN’s preparation for the development of the ASEAN Community Post 2025 Vision and its core elements.
According to the agenda, Permanent Secretary, Myanmar SEOM Lead, Dr Wah Wah Maung briefed the meeting on the current and future works under the ASEAN Economic Community (AEC) and the implementation of Myanmar.
At the meeting, the deputy ministers, permanent secretaries, directors-general and representatives who are chairpersons, secretaries and members of AEC committees reported the status of their ongoing activities, the future programme and the issues that need to be addressed. After hearing their reports, the Union minister provided the necessary guidance. —MNA