ASEAN-UK launches 25 million pound economic initiative to promote shared prosperity 0ASEAN-UK launches 25 million pound economic initiative to promote shared prosperity 0

(Dan Tri) – The UK Delegation to ASEAN and the ASEAN Secretariat launched the ASEAN – UK Economic Integration Program (EIP) on April 25 in Jakarta, Indonesia.

Delegates participating in the event (Photo: British Embassy in Vietnam).

This initiative will be implemented over 4 years with a value of up to 25 million pounds (more than 31 million USD), aiming to promote economic growth across the region by addressing development barriers in the region.

The EIP is a comprehensive initiative designed to promote economic integration of the ASEAN region.

In addition, the program will unlock the potential of digitalization – an important driver of global economic growth – across the ASEAN region and focus on supporting micro, small and medium-sized enterprises.

The EIP program will be implemented across all 10 ASEAN member countries and Timor-Leste, focusing on three main areas: Supporting regulatory reform, facilitating economic and trade activities;

British Ambassador to ASEAN Sarah Tiffin said: `The UK is proud to launch the Economic Integration Program and further strengthen the Official Dialogue Partnership relationship with ASEAN. Since becoming a Dialogue Partner

`In partnership with our ASEAN friends, this program will be the UK’s key tool to address these important challenges,` she said.

Asia-Pacific Trade Commissioner and UK Senior Economic Expert for ASEAN Martin Kent said: `The ASEAN-UK Economic Integration Program highlights our commitment to cooperation with ASEAN

`The program will exploit opportunities from the digital economy, focusing on women’s economic empowerment and small business development. We look forward to sharing with ASEAN countries our expertise

Secretary General of ASEAN, Dr. Kao Kim Hourn said: `Today marks a new milestone in the ASEAN – UK partnership as this program is launched. I especially welcome the focus areas of

This partnership program strengthens the increasingly strong partnership between the UK and ASEAN countries.

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