48th AMM concludes

Vietnam’s Minister of Foreign Affairs Pham Binh Minh attended the event. During the morning session, ASEAN members held meetings with Japan, South Korea and China. The 3 Northeast Asian countries affirmed the importance of enhancing ASEAN+3 cooperation. Japan said that it will continue its security and maritime safety cooperation with ASEAN. South Korea agreed with ASEAN to launch the ASEAN-RoK Action Plan for 2016-2020. The two sides also set a target of reaching 200 billion USD bilateral in trade turn-over by 2020. Both ASEAN and China agreed to upgrade the ASEAN - China Free Trade Agreement and to achieve 150 billion USD in trade by 2020.