ASEAN-Russia Economic Relations
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Overview
The total trade between ASEAN and Russia reached 18.2 billion in 2019, placing Russia as the 9th largest trade partner of ASEAN Dialogue Partner. Meanwhile, Russia’s foreign direct investment flows into ASEAN registered at a value of USD 45 million in 2019, making Russia ranked as the 9th
ASEAN Plus Three Finance Cooperation (ASEAN +3)
Overview
The ASEAN + 3 Finance Ministers Cooperation (AFMM + 3) was established in 1999 at the behest of the ASEAN + 3 Leader’s Summit in Manila in November 1999 and convened their 1st Meeting in Chiang Mai, Thailand in May 2000. The AFMM + 3
Major Committeess and Sectoral Bodies
Roadmap for Financial and Monetary Integration in ASEAN (RIA-Fin)
The RIA-Fin was initially established in 2003 with three (3) main committees: the Capital Account Liberalization, the Capital Market Development and the Financial Services Liberalization. These
Areas of Cooperation and Structure
The ASEAN finance cooperation is driven by the joint AFMGM. The Finance Ministers have their own areas of cooperation related only to financial and fiscal issues, while the Central Bank Governors have their separate matters related to monetary and financial stabili
Overview
ASEAN Finance Ministers first met in Phuket, Thailand, in March 1997, heeding the ASEAN Leaders’ decision that ASEAN shall move towards greater economic integration by building on existing economic cooperation activities, initiating new areas of cooperation and promoting closer cooperatio
Key Documents
The ASEAN Agreement on Customs (2012) and relevant Agreements and Protocols could be accessed in the following links:
Major Sectoral Bodies/Committees
Sectoral Bodies / Committees under the purview of ASEAN Customs
No
Name Of Sectoral Body
Established
Description
No. of Meetings (per year)
Reporting Mechanism
2020 Chairmanship
1
ASEAN Directors-General of Customs (ASEAN DGs of Cus
Priority Areas of Cooperation
Following are the Customs strategic directions for 2016-2025 as reflected in the Broad Direction for Customs Activities Encompassing a Period of 10 Years (2016-2025) and set in line with the ASEAN commitments under the ASEAN Agreement on Customs (2012) and AEC Blueprint
Key Documents
Links
Publications
Key Documents
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STANDARDS AND CONFORMANCE PLAN
1. End Term Review of the ASEAN Stan