1. The First Cambodia-Lao PDR-Myanmar-Viet Nam (CLMV) Economic Ministers Meeting was held in Da Nang, Viet Nam on 28 August 2010 with the aim of further enhancing the intra-economic and trade relations within CLMV countries, closer coordinating activities in sub-regional, regional and international fora, fully utilizing their potentials to narrow the development gap between the four countries and other countries in the region and in the world, and accelerating the implementation of agreements reached at the CLMV Summits. The Meeting was facilitated by H.E. Vu Huy Hoang, Minister of Industry and Trade of the Socialist Republic of Viet Nam, and attended by H.E. Cham Prasidh, Senior Minister, Minister of Commerce of the Kingdom of Cambodia, H.E. Nam Viyaketh, Minister of Industry and Commerce of Lao People’s Democratic Republic, and H.E. U Soe Tha, Minister for National Planning and Economic Development of the Union of Myanmar.

2. The Ministers noted that the intra-economic and trade relations within CLMV countries have increased significantly in recent years. However, there is still room to further enhance the cooperation and achievements, such as development of border markets and border trade activities.

3. In the area of trade enhancement, the Ministers agreed to focus on the following areas: providing favorable conditions for trade among CLMV countries, facilitating intra-trade, and enhancing trade promotion.

4. Aiming at enhancing invesment flows among CLMV countries, the Ministers recalled to the Joint Statement of the 4th CLMV Summit held in Ha Noi on 6th November 2008, in which the Heads of the four Governments agreed to attach top priority to promotion of investment by CLMV investors through providing relevant investment facilitation and incentives. The Ministers also encouraged the establishment of Special Economic Zones (SEZs), Export Processing Zones (EPZs) along CLMV border areas by providing appropriate incentives for CLMV investors such as necessary infrastructure and efficient administrative procedures.

5. In human resource development, the Ministers discussed and emphasized on the vital role of vocational training and public administration capacity building programme.

6. The Ministers also noted the need to enhance policy coordination in sub-regional, regional and international fora with the aim of mobilizing resources from development partners to narrow the development gap between CLMV and other ASEAN countries. The Ministers viewed that policy coordination among CLMV countries should be one of the main themes of CLMV economic cooperation.

7. The Ministers also proposed the following measures to be taken to narrow the development gap:

7.1. Enhancing CLMV cooperation in building and implementing projects under the 2nd IAI Work Plan framework.

7.2. Closely cooperating in building of priority projects under the sub-regional cooperation frameworks.

7.3. Enhancing cooperation with regional and international institution such as ADB, ERIA and Dialogue Partners to implement necessary studies and assessment to identify common challenges, potential and necessary measures to promote trade and investment among CLMV countries.

7.4. Furthering cooperation in FTA and other negotiation for the benefit of each country as well as for the whole group.

7.5. Further study proposal to establish the CLMV Development Fund as mentioned by H.E. Samdech Hun Sen, Prime Minister of Cambodia at the 4th CLMV Summit to attract more assistances from Dialogue Partners for narrowing the development gap purposes.

8. In this context, the Ministers agreed that CLMV Economic Ministers Meeting will be convened twice a year, back-to-back to AEM meetings with Facilitating Country on a rotational basis. In case of Meetings held outside CLMV countries, it should be coordinated with the host country.

9. The Ministers tasked the senior officials for detailed discussion on these measures to achieve the set goals. The senior officials shall report the outcomes of their meeting to their respective Ministers.

10. The Ministers expressed appreciation for support from the ASEAN Secretariat in preparation and organization of this 1st CLMV Economic Ministers Meeting and expressed the wish to have the Secretary-General of ASEAN or his deputy to attend future CLMV Economic Ministers Meetings.

11. The Ministers from Cambodia, Lao PDR, and Myanmar expressed deep appreciation to the Government and people of the Socialist Republic of Viet Nam for their excellent arrangements and warm hospitality accorded.

———-

List of Ministers

1. H.E. Cham Prasidh, Senior Minister and Minister of Commerce, Cambodia

2. H.E. Nam Viyaketh, Minister of Industry and Commerce, Lao PDR

3. H.E. U Soe Tha, Minister for National Planning and Economic Development, Myanmar

4. H.E. Vu Huy Hoang, Minister of Industry and Trade, Viet Nam