The Russian Ministry of Economic Development recently stated that Russia and the Association of Southeast Asian Nations (ASEAN) have adopted a five-year road map for trade and investment cooperation.
The Ministry of Information Services of Russia quoted the Deputy Minister of Economic Development Vladimir Ilyichev (Vladimir Ilyichev) in his speech when attending the Russia-ASEAN Ministerial Meeting: only by expanding cooperation in the three key areas of sustainable development can we overcome the crisis.
The investment in cooperation projects between Russia and ASEAN in 2020 will increase 3.5 times compared with 2019, reaching 8.8 billion U.S. dollars. "
Ilichev also called for the modernization of the country's economic model to ensure more effective cooperation between Russia and ASEAN countries. He pointed out the potential of Russia-ASEAN cooperation on the climate change agenda, especially as part of the implementation of joint climate-related projects under the roadmap.
The Russia-ASEAN Ministerial Meeting also discussed cooperation between the Eurasian Economic Unio (EAEU) and ASEAN. The Press Service Department revealed: “The two parties have agreed to draft a series of initiatives in the development of single window systems, electronic trade, intellectual property protection, and the use of sanitary and phytosanitary measures, and passed a five-year trade and investment cooperation plan at the meeting. https ://tass.com/
