1. The Seventh Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 25 August 2015 in Kuala Lumpur, Malaysia. The Meeting was chaired by H.E. Mr. Pan Sorasak, Secretary of State for Commerce, Cambodia.
2. The Ministers noted the robust growth of combined CLMV’s total merchandise trade, which in 2014 grew by 14.0% compared with 2013 and constituted approximately 14.1% of ASEAN’s total trade, compared with 12.4% in 2013. In the same period, foreign direct investment into the four countries totalled US$12.8 billion, which constituted 9.4% of total inward direct investment to ASEAN.
3. The Ministers noted that the implementation of the CLMV Action Plan 2015 is on track, where almost half of the activities including trade fairs in Lao PDR, Myanmar and Viet Nam as well as CLMV attachment programme at the ASEAN Secretariat have been implemented, while other activities are at various stages of implementation. The Ministers also noted the achievement of the CLMV Action Plan 2014 where 14 activities were completed. These activities included trade fairs in Cambodia, Myanmar and Viet Nam, seminars related to cross-border trafficking of goods and the Regional Comprehensive Economic Partnership (RCEP) negotiations, capacity building projects on cattle breeding as well as market access for fish and fishery products, and Viet Nam’s scholarship programme for Cambodia, Lao PDR and Myanmar. Most of these activities were funded and implemented by the CLMV countries themselves.
Download the full Joint Statement here.