The 6th East-Asia Economic Minister’s Meeting
The 6th East-Asia Economic Ministers’ Meeting was chaired by Chan Chun Sing, Minister for Trade and Industry, Singapore, and was attended by Economic Ministers from 10 ASEAN countries and their eight dialogue partners, Australia, China, India, Japan, Republic of Korea, New Zealand, the Russian Federation and the United States of America. The Ministers welcomed the higher global economic growth forecast for 2018 and took note of the increasing importance of trade and investment relations among the EAS economies. Acknowledging the potential for disruptions in the macro-economy that could affect overall market sentiments and global growth, the EAS-EMM forum expressed the hope that the economic linkages among the EAS members will enable them to address these challenges.
The Ministers agreed to the importance of keeping markets open and fair as well as improving transparency and predictability of the business environment. The meeting recognized the importance of ongoing work to maximize the opportunities of and address the challenges presented by, the digital economy and the rise of regional and global value chains, as part of their efforts to promote economic growth and integration in the region.