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ASEAN Plus Three Countries Strengthen Cooperation to Tackle Economic Challenges

Economics editor Wahyu Dwi Anggoro
23/08/2023 10:45 WIB
The Twenty-Sixth ASEAN Economic Ministers (AEM) Plus Three Consultation was held in Semarang, Central Java, Indonesia on Tuesday (22/8/2023).
ASEAN Plus Three Countries Strengthen Cooperation to Tackle Economic Challenges. (Foto: MNC Media)
ASEAN Plus Three Countries Strengthen Cooperation to Tackle Economic Challenges. (Foto: MNC Media)

Trade between ASEAN and the Plus Three Countries recorded an increase of 10.2 percent, rising from a total value of USD1.101 trillion in 2021 to USD1.213 trillion in 2022, based on ASEAN’s data. 

Meanwhile, total foreign direct investment (FDI) flows from the Plus Three Countries into ASEAN increased by 13.8 percent, from USD 48 billion in 2021 to USD 54 billion in 2022 based on ASEAN’s data, accounted for 24.3 percent of total FDI inflows into ASEAN. (WHY)

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