In a statement released on 31 Dec 2024, the Cambodian Ministry of Foreign Affairs and International Cooperation announced that Cambodia will chair the Association of Southeast Asian Nations (ASEAN) Economic Ministers’ Meeting (AEM) in 2025. This move signifies Cambodia’s growing role in regional economic cooperation.
The announcement was made during a meeting between H.E. Prak Phannchhaya, Deputy Minister of Foreign Affairs and International Cooperation, and senior officials from the United States, Germany, and Singapore. The talks focused on strengthening bilateral relations and cooperation in key areas such as trade, investment, and people-to-people exchanges.
Cambodia’s chairmanship of AEM marks a significant milestone in the country’s economic development strategy. As ASEAN Chair for 2025, Cambodia aims to promote regional economic integration, enhance trade facilitation, and stimulate investment flows among member states.
During its chairmanship, Cambodia plans to strengthen cooperation with major economies through various mechanisms, including the ASEAN Economic Ministers’ Meeting, the ASEAN Plus Three (APT) meetings, and the ASEAN Regional Forum (ARF). These initiatives aim to foster greater economic resilience, promote sustainable growth, and address global challenges.
The Cambodian government has pledged to leverage its experience in managing international events, such as the 2019 ASEAN Summit, to ensure a successful AEM chairmanship. This includes enhancing regional cooperation on issues like trade, investment, and connectivity, as well as promoting people-to-people exchanges and cultural diplomacy.
The news was met with enthusiasm from ASEAN member states, who welcomed Cambodia’s bid to chair the AEM. “We appreciate Cambodia’s commitment to strengthening regional economic integration and look forward to working together to achieve our goals,” said an official from the Singapore Ministry of Trade and Industry.
Cambodia’s chairmanship is seen as a positive development for regional economic cooperation. As ASEAN Chair, Cambodia will play a crucial role in shaping the region’s economic agenda and promoting sustainable growth.
Conclusion:
Cambodia’s chairmanship of the AEM in 2025 marks an important step forward in regional economic cooperation. With its experienced leadership and commitment to strengthening bilateral relations, Cambodia is well-positioned to drive regional economic integration and promote sustainable growth among ASEAN member states.
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