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China is seeking new markets in Asean to boost trade

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China, seeking other markets for its goods, turned to the Association of Southeast Asian Nations. In 2008, Aseans gross domestic product exceeded US$1.5 trillion, and the association became one of the worlds major economic powers.

Aseans foreign trade with China increased from less than $8 billion in 1991 to $2.1 trillion in 2009, accounting for 9.7% of Chinas total import and export value.

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For a long time, China relied on the European Union and the United States as its major trading partners. In 2009, the trade value between China and these two giants accounted for 16.5% and 13.5% of China's total foreign trade, respectively.

Asean is now Chinas fourth-largest trading partner after the EU, the US and Japan, while China is Aseans third-largest trading partner.In addition, China is a hot destination for investors from Asean member nations, especially Singapore. In the first 10 months of 2009, Singapores direct investment in China reached $3 billion, accounting for 12.7% of Chinas total investment from foreign countries excluding Hong Kong and Taiwan, second only to Japan.Asean is also one of the key destinations for Chinas overseas investment excluding Hong Kong and Taiwan. In 2008, Chinas direct investment in Asean countries accounted for 11.4% of its total overseas investment, a proportion higher than that of the EU, the US or Japan.

via CHINA LINKS UP WITH ASEAN TO BOOST TRADE.

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Asean

Singapore’s Resilience Package: Support for Businesses and Jobs in 2021

The maximum loan quantum for domestic projects is S$30 million (US$22.7 million) and the government’s risk-share of loans is up to 70 percent.

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Singapore’s Resilience Package: Support for Businesses and Jobs in 2021

On February 16, 2021, Singapore’s government announced its 2021 national budget where it allocated S$11 billion (US$8.3 billion) for a new fiscal package, named the COVID-19 Resilience Package, which extends existing schemes to help businesses and save jobs by subsidizing wages of workers, providing access to working capital for businesses, and supporting targeted industries like aviation.

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US pledges to enhance cooperation with Mekong subregion’s countries

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The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River.

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ASEAN, Canada, UN Women launch 5-year programme to advance Women, Peace and Security Agenda

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Joint Press Release ASEAN, Canada, UN Women jointly launch 5-year programme to advance Women, Peace and Security Agenda
Jakarta/Ottawa/New York, 24 February 2021 – The Association of Southeast Asian Nations (ASEAN), Canada and UN Women jointly launched today a five-year programme to expand and strengthen women’s leadership and participation in conflict prevention, resolution and recovery in South-East Asia.

The CAD 8.5 million (US $6.36 million) programme, “Empowering women for sustainable peace: preventing violence and promoting social cohesion in ASEAN”, is funded by Global Affairs Canada to support ASEAN and the implementation of the ASEAN-Canada Plan of Action 2021-2025, with the support of UN Women as a lead UN partner.

“Canada is proud to launch this flagship initiative that uses the women, peace and security approach to promote inclusive and sustainable peace and security in the region, while addressing the systemic gender inequality,” said Diedrah Kelly, Canada’s Ambassador to ASEAN.

ASEAN has made important strides to advance women, peace and security agenda, including the adoption of the first ‘Joint Statement on Promoting Women, Peace and Security in ASEAN’ in 2017, the launch of the ASEAN Women’s Peace Registry in 2018, and convening the first ASEAN Symposium on Women, Peace and Security in 2019 and the ASEAN Ministerial Dialogue on Strengthening Women’s role for Sustainable Peace and Security in 2020.

Secretary-General of ASEAN Dato Lim Jock Hoi said, “ASEAN is working concertedly to advance women, peace and security agenda across the three ASEAN Community Pillars as part of our commitment to promote gender equality and the roles of women in the implementation of the ASEAN Comprehensive Recovery Framework.”

The COVID-19 impact has increased the risks for women and girls in fragile and conflict-affected contexts and this challenges us to re-examine threats to human security. “The pandemic highlights the important linkage between peace, humanitarian and development and the critical need for women’s leadership and participation to ensure effective and comprehensive response, from policy decision-making to peace building and pandemic response,” said Jamshed Kazi, UN Women Representative and Liaison to ASEAN.

The new programme reflects the commitment of ASEAN and Canada to promote gender equality and to respond to an increasingly widespread calls across the globe for women to be empowered to lead and participate in peace and development.

ASEAN includes Brunei, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam.

For more information, please contact:
Montira Narkvichien
Regional Communications Specialist
UN Women Asia and the Pacific
Tel: +66 2 288 1579 | Mobile: +66 81 6688900 | Email: [email protected]

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