NPED minister returns from meeting with ASEAN economic chiefs

Union Minister Dr Kan Zaw poses for documentary photo with delegates of ASEAN Economic Minister’s Retreat.—MNA
Union Minister Dr Kan Zaw poses for documentary photo with delegates of ASEAN Economic Minister’s Retreat.—MNA

Nay Pyi Taw, 4 March — Union Minister for National Planning and Economic Development Dr. Kan Zaw returned from Malaysia on Tuesday after meeting his counterparts from the 10-member Association of Southeast Asian Nations.
The February 28 to March 1 meeting, titled “21st ASEAN Economic Minister’s Retreat,” was also attended by the Vice-Secretary of ASEAN and staff of the ASEAN Secretariat Office.
The Retreat was chaired by Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of International Trade and Industry. Malaysia is the Chair of ASEAN for 2015.
At 5 p.m on February 28, Dr. Kan Zaw took part in a discussion with economic ministers at the Renaissance Hotel before attending a dinner hosted by Dato’ Sri Mustapa Mohamed.
From 8 p.m. to 10 p.m., the meeting at the hotel discussed matters related to the framework of AEC 2025 and possible mechanism for the effectiveness of agreements reached by economic councils of ASEAN+1 countries. The ministers also exchanged views on financial and technological requirements for issuing ASEAN Business Travel Cards for businesspeople from the member countries.
On the sideline of the retreat on March 1, the ministers discussed report of chairman of ASEAN Business Advisory Council (ABAC). The report includes establishment of small and medium scale industrial banks, financial services, formation of a group with financial market expertise, and opportunities for migration of skilled workers such as engineers and architects.  The discussion also included the list of priorities for Malaysia as a rotating chairmanship of ASEAN in 2015, the remaining tasks for establishment of the ASEAN Economic Community this year and clearance of non-traffic barriers to trade. The ministers then approved the joint media statement. The ministers visited Rantau Panjang in Kelantan State bordering with Thailand and looked around border trade zones.
Union Minister Dr Kan Zaw was interviewed by Bernama news agency of Malaysia at the Renaissance, and explained economic reform programmes and targets, as well as foreign direct investments in Myanmar.
Director General of the Foreign Economic Relations Department also attended the 8th meeting on Promotion of ASEAN Economic Cooperation Beyond 2015 on February 27 and the preliminary discussion of high-ranking ASEAN economic officers on February 28.—MNA

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