Discussing 16 Priority Economic Deliverables at 43rd ASEAN Summit and Related Meetings

This week, world leaders have converged in the 43rd ASEAN Summit and related meetings to discuss a number of pressing topics. From September 5-7, over 20 high-level activities are set to take place.

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The 43rd ASEAN Summit and related meetings opened in Jakarta, Indonesia on September 5, under the chairmanship of President Joko Widodo.

The Vietnamese delegation, led by Prime Minister Pham Minh Chinh, is participating in the events.

Before the summit, the 23rd meeting of the ASEAN Economic Community Council (AECC) discussed Indonesia’s 16 priority economic deliverables (PEDs) for its chairmanship.

16 Priority Economic Deliverables: Restructuring and Recovery, Digital Economy and Sustainable Development
Prime Minister Pham Minh Chinh (fifth from left). Photo: VNA

This year, the economic pillars consist of 16 PEDs within three strategic drivers: restructuring and recovery, digital economy, and sustainable development.

Ambassador Vu Ho, head of SOM ASEAN Vietnam, attended the ASEAN Senior Officials’ Meeting in Jakarta, Indonesia on September 3 to review preparations for the 43rd ASEAN Summit and related meetings.

Leaders from ASEAN countries and their partners will join events such as the 43rd ASEAN Summit, ASEAN+1 Summits with partners including China, the Republic of Korea, Japan, the US, India, Russia, Canada, and the United Nations, the ASEAN+3 Summit, and the East Asia Summit.

16 Priority Economic Deliverables: Restructuring and Recovery, Digital Economy and Sustainable Development
A Vietnamese representative at the event. Photo: VNA

Heads of SOM of ASEAN countries reviewed and finalized the draft documents for the high-level meetings, which are expected to adopt and acknowledge nearly 100 documents covering various areas of cooperation within the ASEAN bloc and with external partners.

Reflecting on the 2023 activities, they spoke highly of the practical priorities set for building the ASEAN Community and promoting trade, investment, and economic recovery, as well as digitization, green growth, and sustainable development in the region.

A new regional cooperation platform called ASEAN Concord IV is expected to be approved during this time.

Earlier, on September 4, foreign ministers from ASEAN reached an agreement on ASEAN Concord IV, which will serve as the foundation for ASEAN Community’s Vision 2045 and strengthen the bloc’s ability to address future challenges.

Indonesia has hosted several landmark regional agreements, including the Treaty of Amity and Cooperation (Bali Concord I) and the establishment of ASEAN economic, security, and social communities (Bali Concord II).

Bali Concord III was adopted to enable the bloc’s active participation and contribution to global interactions.

Hannah Nguyen