China and ASEAN Move Closer

China and ASEAN Move Closer

China and the Association of Southeast Asian Nations (ASEAN) will expand cooperation in various fields and forge a closer community with a shared future, said Chinese State Councilor and Foreign Minister Wang Yi on Tuesday.

He made the remarks while holding talks with Secretary-General of ASEAN Lim Jock Hoi in Beijing.

China and ASEAN would work together to promote the formulation of the China-ASEAN Strategic Partnership Vision 2030, hold the 2018 ASEAN-China Year of Innovation, and synergize the Belt and Road Initiative with the Master Plan for ASEAN Connectivity 2025, Wang said.

Lim said the ASEAN Secretariat is willing to play a constructive role in deepening political, economic, trade and cultural cooperation with China.

Wang and Lim also agreed that the situation of the South China Sea had notably stabilized through the efforts of China and ASEAN.

On 30 May 2018, the 11th Informal Meeting among Secretaries-General of ASEAN-China Centre (ACC), ASEAN-Japan Centre (AJC) and ASEAN-Korea Centre (AKC) was held in Beijing. The meeting was chaired by H.E. Mme. Yang Xiuping, Secretary-General of ACC and attended by delegations of AJC and AKC, respectively headed by H.E. Mr. Masataka Fujita, Secretary General of AJC, and H.E. Mr. Lee Hyuk, Secretary General of AKC.

Secretary-General Yang Xiuping affirmed the importance of exchanges and cooperation among the three centres. She gave an overview of the new developments of ASEAN-China relations and the recent work of ACC. She said that to echo the 15th anniversary of ASEAN-China strategic partnership and the ASEAN-China Year of Innovation, ACC has been actively organizing and implementing the 21 flagship projects approved by the ACC Joint Council and has carried out a series of diverse activities. ACC is ready to work with AKC and AJC in experience sharing and mutual learning, to implement the consensus reached by the leaders at the ASEAN+3 Summit and make joint contribution to the development and prosperity of the region.

H.E. Mr. Masataka Fujita gave a briefing on the priorities, concepts and principles of AJC. He said that AJC is undergoing internal reforms to better integrate the development needs of Japan and ASEAN countries, and carry out more fruitful projects and activities in the areas of trade, investment and tourism. AJC is willing to keep close contact with ACC and AKC to tap potentials and expand cooperation.

H.E. Mr. Lee Hyuk expressed that as new Secretary General of AKC, he attached great importance to strengthening exchanges and communications with ACC and AJC. He introduced the work of AKC and its theme of 2018 “Connecting People, Sharing Prosperity”, and hoped that the three centres will continue to keep good momentum of cooperation and jointly organize more events.

The three centres respectively briefed on their work plans and flagship projects of 2018, confirmed the cooperative activities this year, and agreed to let AJC host the 12th informal meeting among Secretaries-General of the three centres.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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