Asean task force dis­cusses pri­or­ity mea­sures to­ward AEC 2025

Manila Times - - BUSINESS - THE 31st Meet­ing of the High­Level Task Force on Asean Eco­nomic In­te­gra­tion ( HLTF- EI) con­vened on Thurs­day to dis­cuss and rec­om­mend AEC

mech­a­nisms that will sup­port and strengthen the im­ple­men­ta­tion of the Asean Eco­nomic Com­mu­nity (AEC) Blue­print 2025 to­ward greater re­gional co­he­sion and in­te­gra­tion.

“The Asean High-Level Task Force is con­sid­ered a vi­sion­ary group that as­sesses the progress of the re­gion’s eco­nomic in­te­gra­tion and pro­poses mea­sures that will be sub­mit­ted to the min­is­ters who, in turn, will dis­cuss these at the Asean Eco­nomic Min­is­ters’ Re­treat in March 2017,” Trade Un­der­sec­re­tary Ce­ferino Rodolfo said.

“The meet­ing gives us the op­por­tu­nity to con­sult each other on sev­eral mat­ters to en­sure that the ben­e­fits of in­te­gra­tion are fully re­al­ized and shared by ev­ery­one in Asean. Strength­en­ing com­pli­ance and mon­i­tor­ing our AEC com­mit­ments, and find­ing ways to deepen en­gage­ment with our stake­hold­ers in de­sign­ing and im­ple­ment­ing re­gional strate­gies and ini­tia­tives are some of the top­ics we will fo­cus on dur­ing the meet­ing,” said Rodolfo, who is also the man­ag­ing head of the Board of In­vest­ments.

The 31st HLTF-EI Meet­ing gath­ers Asean high-rank­ing trade of­fi­cials in con­sul­ta­tions on how the re­gion can ef­fec­tively ad­dress emerg­ing chal­lenges in a dy­namic global en­vi­ron­ment.

The Asean con­sists of Thai­land, Viet­nam, In­done­sia, Sin­ga­pore, the Philip­pines, Malaysia, Laos, Myan­mar, Cam­bo­dia and Brunei.

In light of the sub­stan­tial progress of Asean’s eco­nomic in­te­gra­tion, the AEC Blue­print 2025 re­quires a stronger un­der­tak­ing in the pres­ence of wider com­pe­ti­tion and vast op­por­tu­ni­ties in goods, ser­vices, skilled la­bor, in­vest­ments and cap­i­tal.

“Our rec­om­men­da­tions will take into ac­count the need to im­ple­ment both

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