The Eighteenth Consultations between the ASEAN Economic Ministers (AEM) and the Minister for Economy, Trade and Industry (METI) of Japan were held yesterday in Siem Reap, Cambodia. Dr Surin Pitsuwan, Secretary-General of ASEAN said that partnership with Japan is very helpful to ASEAN. “Particularly in services and investment,” he emphasized.
The Ministers were pleased that trade between ASEAN and Japan continued on an upward trend as total trade grew by 32.3% from US$206.6 billion in 2010 to US$273.3 billion in 2011. Japan also moved up from being ASEAN’s third largest export destination in 2010 to the region’s top export destination in 2011. ASEAN’s exports to Japan increased by 43.3% amounting to US$147.4 billion while imports from Japan grew by 21.4% totalling US$125.9 billion. Japan maintained its position as ASEAN’s second largest trading partner after China.
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.