Led by H.E. Margot James, a delegation of six Members of Parliament from Great Britain visited the ASEAN Secretariat yesterday to better understand the developments in ASEAN. The Deputy Secretary-General of ASEAN for the ASEAN Economic Community, H.E. Lim Hong Hin, received and briefed the delegation.
Both sides exchanged views on the EU and ASEAN model of integration and how ASEAN could gain from the EU experience. Although the two models have different aspirations, DSG Lim pointed out there are indeed lessons that ASEAN and EU could learn from each other. One such area would be the integration of new members into ASEAN. With regard to Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP), DSG Lim explained that both initiatives are building blocks for a region-wide free trade arrangement and provide accession for interested parties to join the initiatives once the negotiation has been concluded. However the level of ambitions may differ between the two initiatives.
DSG Lim also briefed the Delegation on the latest development in ASEAN’s efforts and challenges faced in establishing an ASEAN Economic Community by 2015. He went on to share specific efforts being pursued in promoting the ASEAN as an investment destination including the forthcoming Forum on ASEAN Comprehensive Investment Agreement.
The Delegation had earlier visited the Indonesian Parliamentary Commission and other trade and investment related departments in Indonesia before coming to the ASEAN Secretariat.
For the 20 November 2012 Press Release: ASEAN and FTA Partners Launch The World's Biggest Regional Free Trade Deal click here