The Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis.
According to Trade Negotiations Department director-general Auramon Supthaweethum, the economic ministers are expected to discuss restoring the Asean economy amid the pandemic and Asean strategies for economic relations with non-Asean countries at the 28th AEM Retreat, which is scheduled to take place today and tomorrow via video conference.
"Cambodia, as chair of the Asean meeting, wants all Asean members to work together to start negotiations to upgrade the Asean Trade in Goods Agreement and existing FTAs, especially the Asean-Australia-New Zealand FTA, and accelerate the enforcement of RCEP for all members," she said.
