ASEAN economic ministers, EU reaffirm commitment to FTA

by VTV405 March 2016 Last updated at 08:00 AM

VTV.vn - ASEAN economic ministers on Thursday held a consultation with EU Trade Commissioner Cecilia Malmstrom on the sidelines of the 22nd ASEAN Economic Ministers Retreat, which ended on the same day in Chiang Mai, Thailand.

At the consultation, the two regional blocs re-affirmed their commitment on working toward the ASEAN-EU Free Trade Agreement. The parties said they would instruct senior economic officials to intensify their work/ and come up with appropriate recommendations to be presented at the next ASEAN Economic Ministers-EU Consultation.

Both parties said they were happy with progress made in the implementation of the 2015-2016 ASEAN-EU Trade and Investment Work Programme. Last year, ASEAN-EU two-way trade stood at 219 billion USD, an 11 per cent increase year-on-year. The EU remains ASEAN's second largest trading partner./.

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