Prime Minister attends ASEAN - GCC

Prime Minister attends ASEAN - GCC - China Summit

Politburo member and Prime Minister Pham Minh Chinh speaks at the ASEAN-GCC-China Summit. Photo: VGP

The Ministry of Foreign Affairs said that the ASEAN - GCC - China Summit has the theme "Strengthening economic connectivity for shared prosperity".

Speaking at the Conference, Politburo member and Prime Minister Pham Minh Chinh welcomed the exchange and enhanced coordination between the world's three leading economic drivers, ASEAN, GCC, and China, opening up a historic opportunity to create a new inter-regional strategic cooperation space for a prosperous, inclusive, and sustainable future for all of us.

The Prime Minister emphasized the need to focus on trade cooperation, investment and supply chain linkage, and not politicize science, technology, investment and development.

Accordingly, the Prime Minister proposed to effectively utilize existing frameworks such as the ASEAN-China Free Trade Agreement, promote the signing of the ASEAN-GCC Free Trade Agreement, and at the same time study and promote inter-regional connectivity into a comprehensive tripartite economic cooperation mechanism, including the possibility of building an ASEAN-GCC-China Free Trade Agreement.

Countries need to work together to create a more open business environment, more open markets, more transparent and stable investment policies, creating a foundation for tripartite businesses to reach further in the supply chains of goods, services and investment flows.

Prime Minister Pham Minh Chinh and leaders of countries attending the ASEAN - GCC - China Summit. Photo: VGP

The Prime Minister suggested giving high priority to strategic and breakthrough sectors. With ASEAN finalizing the ASEAN Digital Economy Framework Agreement, the Prime Minister stressed that this is a “golden time” to jointly build a connected, safe and sustainable digital space.

The Prime Minister also proposed promoting ASEAN Power Grid connectivity, developing and sharing green technology, renewable energy, green hydrogen, developing sustainable agriculture and food systems, including smart agriculture, circular agriculture, ecological agriculture, stable and sustainable food supply chains, including the Halal food industry.

Affirming that capital flow is the lifeblood for strong, continuous and sustainable economic development, the Prime Minister proposed to strengthen the connection between the financial centers of the three regions; accordingly, proposing a strong financial connection network between major centers of the region such as Ho Chi Minh City, Kuala Lumpur, Singapore, Bangkok, Shanghai, Dubai, Riyadh..., forming a seamless, seamless inter-regional financial ecosystem, creating a launching pad for cooperation between the three regions to break through in the future.

The Prime Minister believes that the above orientations will create the premise for the strong development of other fields such as tourism, cultural exchange, and connection between human civilizations in the three regions, laying a solid foundation for a future of deep, comprehensive, and long-term cooperation between ASEAN, China, and the GCC.

Prime Minister Pham Minh Chinh affirmed that Vietnam is committed to continuing to promote its role as a reliable bridge and responsible partner, ready to accompany and contribute to peace, stability and common prosperity for all people and countries of ASEAN, the GCC and China.

Laodong.vn

Source: https://laodong.vn/thoi-su/thu-tuong-du-hoi-nghi-cap-cao-asean-gcc-trung-quoc-1513833.ldo