{"id":266917,"date":"2020-08-28T23:46:35","date_gmt":"2020-08-29T03:46:35","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=266917"},"modified":"2020-08-28T23:46:35","modified_gmt":"2020-08-29T03:46:35","slug":"uk-asean-vow-to-boost-economic-cooperation-amid-pandemic","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/08\/28\/uk-asean-vow-to-boost-economic-cooperation-amid-pandemic\/","title":{"rendered":"UK, Asean vow to boost economic cooperation amid pandemic"},"content":{"rendered":"<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Now more than ever the global trading system needs multilateral cooperation to ensure supply chains remain open. Closer UK-ASEAN trade is an important part of that. <br \/>Today, <a href=\"https:\/\/twitter.com\/trussliz?ref_src=twsrc%5Etfw\">@trussliz<\/a> joined <a href=\"https:\/\/twitter.com\/hashtag\/ASEAN?src=hash&amp;ref_src=twsrc%5Etfw\">#ASEAN<\/a> partners to discuss opportunities for greater cooperation. <a href=\"https:\/\/t.co\/5trBGXppxk\">https:\/\/t.co\/5trBGXppxk<\/a> <a href=\"https:\/\/t.co\/KEWpgaXPpw\">https:\/\/t.co\/KEWpgaXPpw<\/a><\/p>\n<p>&mdash; Department for International Trade (@tradegovuk) <a href=\"https:\/\/twitter.com\/tradegovuk\/status\/1298622883913240579?ref_src=twsrc%5Etfw\">August 26, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><strong>MANILA<\/strong> \u2013 The Association of Southeast Asian Nations (Asean) and the United Kingdom have vowed to strengthen economic cooperation amid the pandemic following the first UK-Asean Economic Dialogue.<\/p>\n<p>Secretary of State for International Trade Liz Truss and 2020 Asean Economic Community (AEC) Minister Tran Tuan Anh chaired the first UK-Asean Economic Dialogue virtually held last August 26.<\/p>\n<p>The economic dialogue that aimed to boost economic recovery efforts amid the global health crisis was also attended by economic ministers and officials of the 10 Asean member states and Asean Secretary General Dato Lim Jock Hoi.<\/p>\n<p>\u201cWe are committed to working together to sustain and deepen the close economic ties between Asean and the UK; mitigate the impact of Covid-19 (coronavirus disease 2019); strengthen economic resilience; and pursue sustainable economic growth that keeps markets open and transparent,\u201d Asean and the UK said in a joint statement.<\/p>\n<p>Bilateral trade between Asean and the UK amounted to \u00a342 billion, or around USD56 billion.<\/p>\n<p>\u201cWe reaffirm our commitment to free trade within the international rules-based system, noting that this is vital to economic recovery and future growth,\u201d the joint statement read.<\/p>\n<p>During the visit of UK Prime Minister\u2019s trade envoy Richard Graham in Manila last February, he said the British government was looking forward to forging a trade agreement with Asean.<\/p>\n<p>Graham also visited Malaysia, Indonesia, and the Asean Economic Community (AEC) that month.<\/p>\n<p>Graham added the British government is pursuing independent trade deals as the UK transitions to leave the European Union this year.<\/p>\n<p>Among the focus of the UK-Asean Economic Dialogue is strengthening digital innovation as a \u201ccentral pillar of recovery\u201d from Covid-19.<\/p>\n<p>\u201cThe UK will deepen its digital partnership with Asean through its Digital Trade Network and by funding a new UK-Asean Digital Business Challenge, exploring how tech micro, small and medium enterprises (MSMEs) can deliver solutions to tough business challenges,\u201d the UK government committed.<\/p>\n<p>The UK also said it is committed to support the region in building a greener and more sustainable global economy.<\/p>\n<p>It added the UK has earmarked \u00a315 million (USD20 million) under the Prosperity Fund Asean Low Carbon Energy Programme and \u00a312 million (USD16 million) under the Global Green Recovery Challenge Fund to provide technical assistance to develop green financial systems and energy efficiency.<\/p>\n<p>In January 2019, the \u00a319 million (USD25 million) UK Prosperity Fund Asean Economic Reform Programme was launched to support the Asean Connectivity 2025.<\/p>\n<p>In the economic dialogue, the UK said it will collaborate with Asean to deliver resilient and complex infrastructure projects to improve connectivity in the region.<\/p>\n<p>\u201cWe look forward to continued cooperation to ensure that the Asean and UK support each other as we recover from this pandemic,\u201d the joint statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now more than ever the global trading system needs multilateral cooperation to ensure supply chains remain open. Closer UK-ASEAN trade &hellip;<\/p>\n","protected":false},"author":44,"featured_media":266918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-266917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=266917"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266917\/revisions"}],"predecessor-version":[{"id":266920,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/266917\/revisions\/266920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/266918"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=266917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=266917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=266917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}