AEM, METI adopt 52 Strategic Measures of the ASEAN-Japan Economic Resilience Action Plan

JAKARTA, 29 July 2020 – The ASEAN Economic Ministers (AEM) convened with the Japanese Minister of Economy, Trade and Industry (METI) at the Special AEM-METI Video Conference on COVID-19 Response held today. At the meeting, both sides adopted the ASEAN-Japan Economic Resilience Action Plan.

The Action Plan translates the “ASEAN – Japan Economic Ministers’ Joint Statement on Initiatives on Economic Resilience in Response to the Corona Virus Disease (COVID-19) Outbreak”, which was published on 22 April 2020, into concrete actions. The Action Plan aims to enhance cooperation in mitigating the economic challenges brought about by the COVID-19 pandemic and ensure long-term economic resilience for ASEAN and Japan’s post-pandemic recovery.

Comprised of 52 strategic measures, the Action Plan identifies the concrete actions to be implemented to realise the following objectives:

• sustain the close economic ties developed by ASEAN and Japan;

• mitigate the adverse impact of COVID-19 on the economy;

• strengthen economic resilience in response to the economic challenges brought about by the COVID-19 pandemic.

At the video conference, the ministers also discussed the unprecedented challenges caused by the pandemic and reaffirmed their commitment to take collective actions in mitigating its economic impact. 

Source: ASEAN Secretariat