The bilateral trade between the Association of Southeast Asian Nations (ASEAN) and Russia has reached $15.5 billion this year, and foreign direct investment from Russia into the countries of the association has reached $159 million, as stated by Myanmar's Minister for Investment and Foreign Economic Relations Kan Zaw during his speech at the Eastern Economic Forum (EEF).
"In 2023, we mark the fifth anniversary of the strategic partnership between ASEAN and Russia. This collaboration is guided by a comprehensive action plan, the execution of which has produced new mutually beneficial outcomes. According to our data, the bilateral trade between ASEAN and Russia for this year has reached $15.5 billion, while foreign direct investment from Russia into ASEAN countries has amounted to $159 million. These achievements have been realized despite challenges like disruptions in the supply chain, inflation, and financial instability," he stated.
The VIII Eastern Economic Forum is currently taking place in Vladivostok from September 10-13, operating under the theme "The Path to Partnership, Peace, and Prosperity”. The event is organized by the Roscongress Foundation.
GSV "Russia - Islamic World"
Photo: Nattanan Kanchanaprat/Pixabay
Based on materials from TASS