1 The ASEAN Economic Ministers (AEM) and the Minister for Economy, Trade and Industry (METI) of Japan met on 26 August 2014 in Nay Pyi Taw, Myanmar for the Twentieth AEM‐METI Consultations. The Consultations were co‐chaired by H.E. Dr. Kan Zaw, Union Minister for Planning and Economic Development , Myanmar and H.E. Toshimitsu Motegi, Minister for Economy, Trade and Industry, Japan.
2 The Ministers noted the performance of ASEAN‐Japan bilateral trade and investment. Two‐way trade between ASEAN and Japan reached US$2400.9 billion in 2013, accounting for 9.66% of total ASEAN trade. Japan was ASEAN’s third largest trading partner after China and EU. Foreign direct investment (FDDI) flows from Japan to ASEAN amounted to US$ 22.9 billion in 2013. Japan remained the second largest source of FDI for ASEAN, accounting for 18.77% of total FDI inflows into ASEAN in 2013.
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