- ASEAN Member States (AMS), Australia, China, India, Japan, Republic of Korea, New Zealand, the Russian Federation and the United States met virtually on 15 September 2021 for the Ninth East Asia Summit (EAS) Economic Ministers’ Meeting. The Meeting was chaired by H.E. Dato Dr. Amin Liew Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II, Brunei Darussalam.
- According to ASEAN preliminary statistics, the combined nominal GDP of EAS participating countries stood at USD 51.1 trillion in 2020, a reduction of USD 0.8 trillion or 1.6 per cent year-on-year. The Meeting also noted that ASEAN merchandise trade with non-ASEAN EAS participating countries amounted USD 1.3 trillion or a decrease of 2 per cent year-on-year. Foreign Direct Investment (FDI) flows from non-ASEAN EAS participating countries to ASEAN fell by 22.4 per cent to USD 60.4 billion in 2020, representing 44 per cent of ASEAN’s total FDI inflows.
Download the full statement here.
