A Memorandum of Understanding (MOU) between ASEAN and the Eurasian Economic Commission (EEC) on Economic Cooperation was signed on 14 November in Singapore, on the sidelines of the 3rd ASEAN-Russia Summit. The MOU was signed by the Secretary-General of ASEAN Dato Lim Jock Hoi and Chairman of the Board of the EEC Tigran Sargsyan, and witnessed by Leaders of ASEAN Member States as well as Russia.
Realising the importance of developing closer economic interaction between ASEAN and the Eurasian Economic Union (EAEU), in March 2017, ASEAN and the EEC started to develop an MOU on economic cooperation. ASEAN and the EEC finalised the MOU on 1 October 2018. The MOU aims to promote economic cooperation and collaboration, contributing to trade, investment and economic expansion between the Member States of ASEAN and the Member States of the EAEU. The MOU comprises of a total of nine articles which lay the groundwork for enhanced economic cooperation and development of new areas of cooperation (i.e. customs procedures and trade facilitation; sanitary and phytosanitary; technical regulations; e-commerce; trade in services and investment, business development primarily for MSMEs; and other areas to be mutually agreed upon by the participants).
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- ABOUT ASEANThe Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.Menu
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ASEAN organs always strive to achieve ASEAN’s goals and objectives, the Secretary-General of ASEAN and the ASEAN Secretariat shall be functioned as coordinating Secretariat to help facilitate effective decision-making withing and amongst ASEAN bodies. In addition, each Member State shall appoint a Permanent Representative to liaise with Secretary-General of ASEAN and the ASEAN Secretariat
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ASEAN shall develop friendly relations and mutually beneficial dialogues, cooperation and partnerships with countries and sub-regional, regional and international organisations and institutions. This includes external partners, ASEAN entities, human rights bodies, non-ASEAN Member States Ambassadors to ASEAN, ASEAN committees in third countries and international organisations, as well as international / regional organisations.
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The rodmap for an ASEAN Community (2009-2015) was declared by the leaders in 2009. The ASEAN Community, anchored on three community pillars: Political-Security Community, Economic Community, Socio-Cultural Community was launched in 2015. The ASEAN 2025: Forging Ahead Together was introduced in 2015 as a Post-2015 Vision. It comprises the ASEAN Community Vision 2025, the ASEAN Political-Security Community Blueprint 2025, the ASEAN Economic Community Blueprint 2025 and the ASEAN Socio-Cultural Community Blueprint 2025
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