September 22, 2024
1 min read

Piyush Goyal Leads Strategic ASEAN Talks in Laos

The ministers discussed potential cooperation in areas like lentils, diesel, gasoline, electric vehicles, etc …reports Asian Lite News

Union Minister of Commerce and Industry, Piyush Goyal on Saturday held meetings with his counterparts from Myanmar and South Korea at the sidelines of the 12th East Asia Summit Economic Ministers’ Meet in Laos.

“Held a meeting with Dr Kan Zaw, Myanmar’s Minister of Investment and Foreign Economic Relations, on the sidelines of the 12th East Asia Summit Economic Ministers’ Meeting,” Goyal posted on X after the meeting.

The ministers discussed potential cooperation in areas like lentils, diesel, gasoline, electric vehicles, etc and ways to promote bilateral trade including through the Rupee-Kyat currency mechanism, between the two nations.

They were also involved in discussions related to the review of the ASEAN-India Trade in Goods Agreement (AITIGA) and the upcoming Joint Trade Committee Meeting.

Discussions on more balanced trade were held during Goyal’s meeting with South Korea’s Minister of Trade, Industry and Energy.

“Held productive talks with Mr. Inkyo Cheong, Minister of Trade, Industry and Energy, Republic of Korea. Deliberations were held on achieving more balanced trade, upgrading the India-Korea Comprehensive Economic Partnership Agreement (CEPA), promoting investments linked to job creation and addressing non-tariff barriers to further strengthen our economic ties,” said the Commerce and Industry minister.

Earlier on Friday, the Union Minister participated in the 21st ASEAN-India Economic Ministers’ (AEM-India) meeting in Vientiane.

The meeting noted the progress in the ASEAN-India Trade in Goods Agreement (AITIGA) review, which will forge deeper trade and economic ties and create new opportunities for businesses.

The Union Minister stated on X, “Emphasised the importance of two-way trade, paving way for stronger supply chain linkages and GVC integration between the two regions benefiting businesses and people across the region.”

Goyal’s two-day Laos visit included participation in the 21st ASEAN-India Economic Ministers (AEM-India) and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings, which involve ASEAN and its dialogue partners, are being hosted this year by Laos, the ASEAN Chair for 2024.

ALSO READ: ASEAN Boosts Intelligence Cooperation

Previous Story

US Repatriates 297 Artifacts, PM Modi Appreciates Gesture

Next Story

PM Modi Meets Palestinian President

Latest from -Top News

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a
Go toTop

Don't Miss

Indian Jeweller Malabar Gold Enters Canada

Canada has secured its place as the 12th global location

Rahul to talk at Stanford University on May 31

Rahul Gandhi will also attend the ‘Mohabbat ki dukan’ programme