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Minister of Economic Development and Trade to fly to Myanmar for consultations of Russia-ASEAN economic ministers
On August 28-29, 2014, Minister of Economic Development Alexei Ulyukaev will pay a working visit to Naypyidaw (Myanmar) to participate in consultations of the Russia-ASEAN Economy Ministers and the first meeting of the Russian-Myanmar Intergovernmental Commission on Trade and Economic Cooperation, the ministry's press service reports.
The agenda of the ministerial consultations is scheduled to discuss further steps to expand trade and economic cooperation in the framework of the Russia-ASEAN Dialogue Partnership. In particular, the parties will discuss the implementation of the Russia-ASEAN Trade, Economic and Investment Cooperation Road Map, consider the draft Annex to the Road Map prepared by the Russian side (list of projects for joint implementation), as well as the Russian initiative to create an Expert Dialogue on the development of electronic commerce within Dialogue partnership. In addition, prospects for interaction between ASEAN and the Eurasian Economic Commission (EEC) will be discussed.
During the visit, the Minister of Economic Development of Russia Alexei Ulyukayev will hold bilateral meetings with the ministers of economy and trade of several ASEAN countries.
Consultations between the Russia-ASEAN Economy Ministers are held annually since 2010 in the framework of the meetings of the Ministers of Economy of the member countries of the Association with dialogue partners (Russia, China, USA, Republic of Korea, Japan, India, Australia, New Zealand) in the country chairing ASEAN in the current year
Russia's foreign trade turnover with ASEAN countries in 2013, according to Russian customs statistics, amounted to 17,5 billion dollars and increased compared to 2012 by 12,1%. In January-June of 2014, the volume of trade with ASEAN countries increased by 6,2% compared to the corresponding period of the previous year and amounted to 8,8 billion dollars.
During the meeting of the Intergovernmental Commission, the parties will sign an agreement on the establishment of the Intergovernmental Russian-Myanmar Commission for Trade and Economic Cooperation. During the meeting it is planned to discuss issues affecting the complex of trade and economic relations between the two countries. Particular emphasis will be placed on cooperation in such promising areas as communications and mass communications, energy, industry, aviation.