Union Minister for Investment and Foreign Economic Relations leads Meeting for implementation of ASEAN Economic Community (AEC)

The Meeting for the implementation of the ASEAN Economic Community (AEC) led by Union Minister for Investment and Foreign Economic Relations, U Aung Naing Oo, was held on 28 October 2021 at the Ministry of Investment and Foreign Economic Relations, Office No (1), Nay Pyi Taw. The meeting was attended by the Deputy Minister, Permanent Secretaries, Directors-General, Deputy Directors-General and representatives from relevant ministries of the AEC pillar.
Union Minister for Investment and Foreign Economic Relations, AEC Council Minister, U Aung Naing Oo discussed way forwards for addressing remaining AEC measures to be implemented by Myanmar based on the outcomes of the 53rd ASEAN Economic Ministers’ Meeting and related meetings in September and 20th ASEAN Economic Community Council Meeting in 3rd week of October. He highlighted the need for coordinated efforts to address implementation constraints of remaining measures and plan for conducting technical level meetings. He shared the experiences of the 53rd ASEAN Economic Ministers’ Meeting and related meetings.
In addition, Union Minister urged all to pay special attention to the human resources development of respective AEC related departments and to conduct the monitoring and evaluation of AEC measures in future.
After that, a member of the High-Level Task Force on ASEAN Economic Integration, Deputy Minister for Investment and Foreign Economic Relations, U Than Aung Kyaw explained the remaining AEC measures to be implemented by Myanmar and ways for addressing these issues in detail.
Moreover, he discussed the possibility of Bilateral Free Trade Agreements with major trading partner countries and Bilateral Investment Treaties with potential investor countries.
And then, Myanmar SEOM Lead, Permanent Secretary, Ministry of Investment and Foreign Economic Relations, Dr Wah Wah Maung briefed them on the implementation status of AEC measures including mid-term review of AEC Blueprint 2025 and cost and benefits analysis of Myanmar’s accession to ASEAN.
Then, Permanent Secretaries, Directors-Generals, Deputy Directors-Generals and the officials reported the implementation status of respective AEC measures and Deputy Minister provided necessary guidance and coordinated among the relevant agencies. — MNA