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Minister of Economy, Trade and Industry Miyazawa Attended the ASEAN Economic Minister (AEM) - METI consultation and Other Related Meetings

From August 22 to 24, 2015, Mr. Yoichi Miyazawa, Minister of Economy, Trade and Industry, visited Kuala Lumpur, Malaysia and attended the ASEAN Economic Minister(AEM) - METI consultation, the AEM + 3 consultation, and the Mekong-Japan Economic Ministers’ Meeting.
Also, he had bilateral meetings with H.E. Dato’ Seri Mustapa Mohamed, Minister of International Trade and Industry of Malaysia, chair of ASEAN in 2015, and Pehin Orang Kaya Pekerma Dewa Dato Seri Paduka Lim Jock Seng, Minister of Foreign Affairs and Trade II of Brunei Darussalam.
The series of meetings provided a significant opportunity to discuss the ideal state of further economic integration and cooperation between Japan and ASEAN prior to the formulation of ASEAN vision post-2015, which will be a new step in ASEAN’s economic integration after 2015.

1. Enhancement and expansion of Economic and industrial cooperation between Japan and ASEAN


(AEM-METI consultation)

At AEM-METI consultation held on August 23, 2015, the participating ministers held discussions on the content to be incorporated in the ASEAN Economic Community Blueprint for the next ten years (from 2016 through 2025 (ASEAN vision post-2015) which is to be determined by ASEAN in the autumn of 2015) and the Japan-ASEAN Comprehensive Economic Partnership (AJCEP) .
Minister Miyazawa expressed Japan’s support for ASEAN’s implementation of the ASEAN Strategic Action Plan for SME Development, specifically, Japan's support for measures including the sharing of know-how on Japan’s Credit Guarantee System.
In response to this, representatives of ASEAN expressed their appreciation and high expectations for Japan’s support.
ASEAN ministers also expressed the importance of support for high-performance coal power in terms of funding. The need for such support in ASEAN was reaffirmed once again.
Furthermore, the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) presented its requests for the future ASEAN Economic Community, and ASEAN welcomed these requests, deciding to reflect them in ASEAN vision post-2015.

2. Promotion of economic cooperation in the East Asia region


(ASEAN + 3 consultation)

At the ASEAN + 3 consultation (August 23, 2015), the participating ministers exchanged opinions on requests from the East Asia Business Council (EABC). Minister Miyazawa pointed out the necessity of coming to a prompt agreement on the Regional Comprehensive Economic Partnership (RCEP) and the importance of listening to opinions from businesses, which was reaffirmed by each country.

3. Formulating the Mekong Industrial Development Vison


(Mekong-Japan Economic Ministers’ Meeting)

The Mekong Industrial Development Vision, which had been agreed upon at the Mekong-Japan Summit Meeting held in Tokyo in July 2015, was adopted at the Mekong-Japan Economic Ministers’ Meeting on August 24, 2015. The Vision shows the future of industrial development in the Mekong region, and the goal is to increase the GDP of the region by 2.5 trillion yen (equivalent to 2% of the GDP of the region) over the course of the next five years by developing industrial infrastructure such as through human resource development, logistics, and energy networking, which will lead to the expansion of Japanese companies’ supply chains.
Regarding the cooperation between the Mekong region and Japan, Minister Miyazawa proposed the immediate implementation of every feasible measure and that at the next year’s meeting a Work Program should be formulated which is to contain specific matters regarding the cooperation between the Mekong region and Japan, which was agreed upon by the participating countries.

4. Meetings with representatives from each country

Minister Miyazawa had meetings with H.E. Dato' Sri Mustapa Mohamed, Malaysian Minister of International Trade and Industry, who was the chair of this ASEAN Meeting, as well as with Pehin Orang Kaya Pekerma Dewa Dato Seri Paduka Lim Jock Seng, Minister of Foreign Affairs and Trade II of Brunei Darussalam, and they shared a common recognition that they would continue to closely cooperate toward reaching a prompt agreement on the RCEP.


(Meeting with Malaysian Minister Mustapa)

(Meeting with Minister of Foreign Affairs and Trade II of Brunei Darussalam Lim Jock Seng)

Release date

August 27, 2015

Division in Charge

Asia and Pacific Division, Trade Policy Bureau

Related Information

Regional Affairs / Malaysia

Ministry of Economy, Trade and Industry
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