They underscored the importance of multilateralism and regionalism in contributing to global and regional peace, stability and prosperity.
In the statement, the ministers also noted the progress of activities undertaken through the ASEAN Plus Three Economic Cooperation Work Programme 2019-2020, which was adopted by the 21st AEM Plus Three Consultations in 2018.
The ministers were encouraged by the progress made in the areas of connectivity, Micro, Small and Medium Enterprises development, and trade facilitation, and reaffirmed the commitment to continuously enhancing trade and economic cooperation within the region.
In this regard, the ministers noted the status of the joint study on "10+3 Cooperation for the Improvement of Supply Chain Connectivity", which was agreed-in-principle by ministers in August 2018 and welcomed by the 21st ASEAN Plus Three Summit in November 2018.
Jurin Laksanawisit, deputy prime minister and minister of commerce of Thailand, who co-chaired the 22nd AEM Plus Three Consultations, said after the meeting that ASEAN plus three is an important part that drive regional economy to move forward.
He said economic ministers of ASEAN and Plus Three Countries agreed that there must be a way to promote trade, investment amidst uncertainty in the global economy and the RCEP consultations should be concluded within this year which would greatly facilitate trade and economy for the 16 RCEP participating countries.
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