ASEAN task force recommends better intra-regional trade

AMID the backdrop of steady economic recovery, high-ranking officials from the ten member states of ASEAN gathered in the Philippines for the second time this year to finalize recommendations that could further bolster the region’s trade and investment flows.

The High- Level Task Force on ASEAN Economic Integration( HT L F-E I) is composed of trade vice- ministers and serves as the visionary body for progressing the A SEAN Economic Community (AEC). It convened its 32nd Meeting on Aug. 1 – 2 in Makati City in preparation for the upcoming 49th ASEAN Economic Ministers ( AEM) Meeting in September 2017.

The HLTF-EI is primarily responsible for ensuring that the 10 ASEAN economies are on-track and on-time with the plans and programs intended to realize regional economic integration and achieve the vision of an AEC. The Philippines was led by DTI undersecretary

Ceferino Rodolfo. Among the issues discussed for Economic Ministers’ consideration include the rapidly changing global economic environment and current technological and scientific advancements brought about by the 4th Industrial Revolution (4IR). The HLTF-EI underscored the need for ASEAN to be well prepared and in a position to maximize the opportunities from 4IR to foster the region’s economic growth, and promote inclusive and equitable economic development./

PN

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DTI High-Level Task Force on ASEAN Economic Integration leads (from left to right) Deputy Director General Prasith Suon (Cambodia), Director General Iman Pambagyo (Indonesia), Director General Saysana Sayakone (Lao PDR), Secretary General Datuk Jayasiri...