ASEAN aims to become world’s 4th largest economy
VOV.VN - ASEAN has become the 6th largest economy in the world and the 3rd largest in Asia after 50 years of establishment.
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The debut of the ASEAN Economic Committee (AEC) in 2015 is strong evidence of member countries’ resolve to transform ASEAN into a common market.
“The AEC affirms ASEAN’s resolve to boost free trade, abolish trade barriers, and build a competitive, healthy and transparent business environment. ASEAN is designing a trade vision toward 2025 with 5 intertwined pillars to create a people-centered ASEAN of renovation, dynamism, and connectivity”, said Nguyen Quynh Nga, Vietnamese head of the ASEAN Senior Economic Officials’ Meeting.
Nga said Vietnam is firmly committed to the ASEAN Economic Community.
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| Vietnamese head of the ASEAN Senior Economic Officials’ Meeting, Nguyen Quynh Nga |
“Vietnam has completed over 90% of measures to develop the AEC, just after Singapore. We have also cut 91% of tariff lines and will abolish 98.1% by early next year,” she added.
ASEAN aims to become the 4th largest economy on the globe by 2050.
