- The Twenty-Ninth AEM-Ministry of Economy, Trade and Industry (AEM-METI) Consultation was held on 22 August 2023. The Consultation was co-chaired by H.E. Dr. Jerry Sambuaga, Vice Minister of Trade, Indonesia and H.E. Nakatani Shinichi, State Minister of Economy, Trade and Industry, Japan. The Meeting welcomed H.E. Filipus Nino Pereira, Minister of Commerce, and Industry, Democratic Republic of Timor-Leste to the Meeting as an observer.
- The Meeting welcomed the steady growth in ASEAN-Japan economic relations. According to ASEAN’s preliminary data, total two-way trade between ASEAN and Japan reached USD 268 billion in 2022, registering an increase of 11.2 per cent year-on-year. Total Foreign Direct Investment (FDI) inflows from Japan to ASEAN in 2022, amounted to USD 27 billion in 2022, equivalent to 27.7 per cent increase year-on-year. This placed Japan as ASEAN’s fourth-largest trading partner and second-largest external source of FDI among ASEAN’s Dialogue Partners in 2022.
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