PM Nguyen Xuan Phuc said Viet Nam will increase financial contribution to the Asia-Europe Foundation since 2019 while addressing the 12th ASEM Summit’s second plenary session in Brussels, Belgium on October 19. PM Nguyen Xuan Phuc (front row, second from right) attends 12th ASEM Summit in Brussels, Belgium on October 19, 2018. Photo: VGP PM attends opening session of 12th ASEM Summit As this year’s summit takes place in the context of fast and profound changes of the global situation, PM Phuc urged ASEM to be the pioneer in accelerating multilateral cooperation and rule-based international order. He suggested Asia and Europe should strengthen cooperation to timely address traditional and traditional and non-traditional security challenges, maintain peace, boost dialogue and trust-building, preventive diplomacy and observance of international law and common standards. ASEM members need to forge global economic-financial governance in a more balanced fashion and … [Read more...] about Vietnam to increase financial contribution to Asia-Europe Foundation since 2019, says PM
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VN to increase financial contribution to Asia-Europe Foundation since 2019, says PM
PM Nguyen Xuan Phuc (front row, second from right) attends 12th ASEM Summit in Brussels, Belgium on October 19, 2018. Photo: VGP PM attends opening session of 12th ASEM Summit As this year’s summit takes place in the context of fast and profound changes of the global situation, PM Phuc urged ASEM to be the pioneer in accelerating multilateral cooperation and rule-based international order. He suggested Asia and Europe should strengthen cooperation to timely address traditional and non-traditional security challenges, maintain peace, boost dialogue and confidence-building and preventive diplomacy, and comply with international law and common standards. ASEM members need to forge global economic-financial governance in a more balanced fashion and an open, transparent, inclusive and rule-based multilateral trading system, and improve the role of the World Trade Organization in the new context. PM Phuc said Viet Nam-a member of ASEAN-expects that ASEM cooperation … [Read more...] about VN to increase financial contribution to Asia-Europe Foundation since 2019, says PM
PM Phúc highlights Asia-Europe business links
Viet Nam News HÀ NỘI — Globalisation promotes economic integration and fosters a new wave of bilateral and multilateral free trade agreements (FTAs), creating opportunities for and optimism about investment and business towards sustainable development, said Prime Minister Nguyễn Xuân Phúc in Brussels yesterday. As the first leader to speak at the 16th Asia-Europe Business Forum (AEBF), Phúc said the era of globalisation and the rapid advancement of science and technology in the 4.0 Industrial Revolution were changing production methods and many aspects of social life, building international links via multilateral frameworks at the regional and global level. "The world is moving very fast and all of you, who are investors and businesspeople in the competitive environment, feel the heat of these strong changes, with both challenges and new opportunities opening up," said Phúc. In that picture, Asia and Europe emerge as the bright spots of … [Read more...] about PM Phúc highlights Asia-Europe business links
PM calls for closer Asia-Europe connectivity, cooperation
PM Phuc made the statement in his keynote address at the 16th Asia-Europe Business Forum held in Brussels, Belgium, on October 18. Themed “Connectivity-Building Bridges between Europe and Asia”, the event attracted over 400 corporate executives and business representatives from the two continents. The PM hailed Asia and Europe as two bright spots of global economic growth and connectivity, saying that Asia contributed to 6.2 percent of the global economic growth, led by East Asia – Pacific with a 6.6 percent growth last year. The ASEAN launched the Master Plan on Connectivity in 2011 with a focus on infrastructure, institution and human connectivity. Asia also boasts more than 150 free trade agreements (FTAs), accounting for about 60% of the world’s total, he said, adding that the total cargo volume via waters in Asia nears US$5 trillion each year. Meanwhile, the European economy is recovering firmly with a 2.4% growth, a record in the past 10 years. The … [Read more...] about PM calls for closer Asia-Europe connectivity, cooperation
Trump considers re-joining Pacific trade pact he once spurned
President Donald Trump has directed senior aides to explore re-joining the 11-nation Trans-Pacific Partnership if a "better deal" can be reached, the White House said Thursday. The decision, which was welcomed by lawmakers from agricultural states, could mark an abrupt about-face for a president who had campaigned against the deal and swiftly withdrew from it after taking office last year. But the White House was quick to point out that Trump's decision, rather than a flip-flop, was consistent with earlier statements. "Last year, the President kept his promise to end the TPP deal... because it was unfair to American workers and farmers," Deputy White House Press Secretary Lindsay Walters said in a statement. However, he "has consistently said he would be open to a substantially better deal, including in his speech in Davos earlier this year." To that end, he has asked U.S. Trade Representative Robert Lighthizer and top economic adviser Larry Kudlow "to take another look at whether or … [Read more...] about Trump considers re-joining Pacific trade pact he once spurned