Russia-ASEAN Business Council took part in AEM-Russia Consultations

28 august 2020

Economic Ministers from ASEAN Member States and the Russian Federation hold the 9th ASEAN Economic Ministers-Russia Consultations in the format of a video conference on August 28,2020. The Consultations were co-chaired by H.E. Tran Tuan Anh, Minister of Industry and Trade of Viet Nam and Vladimir Ilyichev, Deputy Minister of Economic Development of the Russian Federation. Daniyar Akkaziev, CEO of Russia-ASEAN Business Council participated in the meeting as well.

The Ministers discussed collective measures in mitigating the economic impact of Covid-19 pandemic and resolved to ensure macroeconomic and financial stability by keeping the markets open for trade and investment and ensuring supply chain connectivity. Besides, issues of cooperation in agriculture, energy, infrastructure, including the support in realizing initiatives under the Master Plan on ASEAN Connectivity 2025 were raised at the consultations.

Following the meeting the timeframe for the implementation of the Programme of Cooperation between ASEAN and the EEC on Economic Cooperation was decided to be extended until 2025.