1. Economic Ministers from all ASEAN Member States (AMS), Australia, China, India, Japan, Republic of Korea, New Zealand, the Russian Federation and the United States (“the Ministers”) met on 1 September 2018 in Singapore, for the Sixth East Asia Summit (EAS) Economic Ministers’ Meeting. The Meeting was chaired by H.E. Chan Chun Sing, Minister for Trade and Industry, Singapore.
2. The Ministers noted the increasing importance of trade and investment relations among the EAS economies, with the combined nominal GDP reaching USD 46.3 trillion in 2017. ASEAN’s total merchandise trade with the other eight EAS countries reached USD 1.2 trillion, accounting for 46.9 per cent or almost half of ASEAN’s total trade. Foreign Direct Investment (FDI) flows from the other EAS countries to ASEAN amounted to USD 39.5 billion, accounting for 28.9 per cent of ASEAN’s total FDI inflows.
Download the full Statement here.
Download the opening remarks here.