The Fifteenth Consultations between the ASEAN Economic Ministers (AEM) and Economic Ministers of the People’s Republic of China, Japan and the Republic of Korea were held this week in Siem Reap, Cambodia.

The Ministers exchanged views on the global economic situation and recent economic development in ASEAN and in the Northeast Asian countries. “We are very satisfied with the progress in economic integration in the region and pleased to note that ASEAN trade with the Plus Three Countries remained robust even in the context of the uncertainties of the global economy,” said Dr Surin Pitsuwan, Secretary-General of ASEAN.

In 2011, total trade recorded an increase of 26.2 per cent, amounting to US$678.2 billion. Exports and imports grew by 34.9 per cent and 18.0 per cent, respectively. Total trade with Plus Three Countries accounted for 28.4 per cent share of ASEAN’s total trade in 2011.

To see the full Joint Media Statement, please click here.

To see the pictures from the 44th ASEAN Economic Ministers (AEM) Meeting and Related Meetings, please click here.