Joint Media Statement of the 26th AEM-METI Consultations

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Joint Media Statement of the 26th AEM-METI Consultations

26th AEM-METI

1. Economic Ministers from the ten ASEAN Member States and the Minister of Economy, Trade and Industry (METI), Japan (“the Ministers”) met virtually on 28 August 2020 for the Twenty-Sixth AEM-METI Consultations. The Consultations were co-chaired by H.E. Tran Tuan Anh, Minister of Industry and Trade, Viet Nam, and H.E. KAJIYAMA Hiroshi, Minister of Economy, Trade and Industry, Japan.

2. The Ministers noted that, according to preliminary ASEAN data for 2019, two-way trade between ASEAN and Japan reached USD 225.9 billion, accounting for 8.0 per cent of ASEAN’s total trade, while total FDI inflows from Japan amounted to USD 20.4 billion, accounting for 12.7 per cent of total FDI inflows to ASEAN. This placed Japan as ASEAN’s fourth largest trading partner and second largest external source of Foreign Direct Investment (FDI) among ASEAN’s Dialogue Partners in 2019.

Download the full statement here.

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