1. The Sixth Cambodia ‐ Lao PDR – Myanmar ‐ Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 28 August 2014 in Nay Pyi Taw, Myanmar. The Meeting was chaired by H.E. Dr. Vu Huy Hoang, Minister of Industry and Trade, Viet Nam.
2. The Ministers noted the robust growth of merchandise trade for Myanmar and Viet Nam, with an increase of 26.7% and 16.2%, respectively, in 2013. Meanwhile, Cambodia and Lao PDR’s merchandise trade experienced a slight decline of 1.8% and 4.4%, respectively. Combined merchandise trade of CLMV constituted approximately 12.4% of ASEAN’s total merchandise trade. The Ministers acknowledged the CLMV’s potential to significantly contribute towards the regional production network and agreed to effectively implement the commitments under the AEC Blueprint, especially in the areas relating to trade facilitation. In the same period, total foreign direct investment (FDI) into the four countries totalled US$13.2 billion, compared to US$11.6 billion in 2012. The Ministers emphasized the need to step up efforts in attracting FDIs, especially by the least developed Member States.
Download the full statement here.