The delegation led by Dr Wah Wah Maung, Deputy Minister for Investment and Foreign Economic Relations, attended the Special ASEAN Economic Ministers-Ministry of Commerce (AEM-MOFCOM) Consultation, the Special AEM-Closer Economic Relations (AEM-CER) Consultation and the Special AEM-Ministry of Economy, Trade and Industry (AEM-METI) Consultation via videoconference on 20 May 2025.
The meetings were co-chaired by
Minister for Investment, Trade and Industry of Malaysia, Minister of Commerce
of China, and Minister for Trade and Tourism, Australia, Minister for Trade and
Investment, New Zealand and Minister of Economy, Trade and Industry of Japan
and also participated by the Economic Ministers, Deputy Ministers from ASEAN
Member States, the ASEAN Secretary-General and the representatives.
The meetings exchanged views on the
recent global economic situation and implications for trade, investment, and
economic integration. The meetings also discussed ways and means, including
supporting the Multilateral Trading System and addressing global trade
tensions, to strengthen ASEAN-China economic partnership, ASEAN-CER economic
partnership and ASEAN-Japan economic partnership amid the emerging global
economic landscape.
The meetings reaffirmed the central
and indispensable role of the WTO at the core of the rules-based multilateral
trading system, which provides a predictable, transparent, non-discriminatory
and open global trading system. The meetings also reaffirmed the commitment to
address trade concerns with relevant countries and resolve differences through
consultations based on equity, mutual respect, and mutual benefits.
During the meetings, Deputy
Minister Dr Wah Wah Maung underscored the challenges facing regional supply
chains due to the current global trade tension and the necessity to work
together in the region to strengthen the rules-based trading system to address
the challenges. She also highlighted that deepening cooperation could enhance
supply chain connectivity, promote innovation, and ensure more competitive and
inclusive economies. She further said that Myanmar supports a rules-based
multilateral trading system as a means to address current trade challenges,
seize opportunities, and uphold fair global trade, and reaffirms to work
together with other ASEAN Member States. She added that the Regional
Comprehensive Economic Partnership (RCEP) Agreement, ASEAN-China Free Trade
Area (ACFTA) 3.0, the Agreement Establishing the ASEAN-Australia-New Zealand
Free Trade Area (AANZFTA) and ASEAN-Japan Comprehensive Economic Partnership
(AJCEP) could be utilized for the future economic resilience in the region.
The meetings adopted the Joint
Statements of Special AEM-MOFOM Consultation, the Special AEM-CER Consultation
and the Special AEM-METI Consultation.
MIFER
#TheGlobalNewLightOfMyanmar
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