ASEAN work together for post-Covid-19 economic recovery

Sun Online Desk

9th September, 2020 10:16:09 printer

ASEAN work together for post-Covid-19 economic recovery

HÀ NỘI: An official of the Vietnamese National Assembly (NA) has suggested continuing to review and perfect the legal framework to promote trade facilitation to ensure uninterrupted circulation of goods and supply chains in the ASEAN region.

Nguyễn Mạnh Tiến, vice chairman of the NA’s Committee for External Affairs, made the suggestion at a virtual meeting of the Economic Committee of the 41st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) on Wednesday, report agencies.

The meeting focused on the topic “The Role of Parliaments in Promoting ASEAN Cohesiveness and Economic Recovery post-COVID-19”.

Tiến said over the past several months, ASEAN countries have taken their own measures to control the COVID-19 pandemic as well as respond to the economic impacts of the pandemic. However, the COVID-19 pandemic is not just a medical crisis, but a crisis for growth when international trade and supply chains are disrupted.

Facing this situation, the Vietnamese delegation was deeply concerned about the great losses caused by the COVID-19 pandemic in ASEAN countries, he said, adding that the impacts of the COVID-19 pandemic have caused a great hindrance to the economies of ASEAN countries as well as their internal and external trade activities.

Therefore, the economic integration in promoting economic growth and recovery of ASEAN member countries and the good implementation of digital economic activities will be of profound importance, playing an important role in strengthening ASEAN economic integration as well as ASEAN’s readiness to respond to the challenges of the COVID-19 pandemic.

In that spirit, Tiến recommended the ASEAN community to unify to implement a series of breakthrough and feasible solutions.

Firstly, ASEAN must promote accelerated exchange of information relating to tourism and health and other necessary measures to control the spread of the COVID-19 pandemic. The member countries should also promote safety in travelling, applying safety standards and medical procedures to facilitate cross-border movement of ASEAN citizens, and adhere to international health and safety standards as well as commitments under relevant agreements among ASEAN member countries.

Tiến recommended the concept of a “travel bubble” between “green countries” as a preliminary initiative in the process of reopening the border, forming safe travel zones within ASEAN.

ASEAN countries should build open, sustainable and responsible investment policies in the region and speed up the ratification of regional trade agreements and treaties. They should prioritise efforts to finalise negotiations and sign the Regional Comprehensive Economic Partnership (RCEP) by 2020, he said.