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ASEAN urges US and the European Union to end Myanmar sanctions

The Association of Southeast Asian Nations (ASEAN) agreed to encourage the United States and the European Union to end their sanctions against Myanmar

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The Association of Southeast Asian Nations (ASEAN) agreed to encourage the United States and the European Union to end their sanctions against Myanmar, and expressed hope that the transition of leadership in North Korea would run smoothly, according to Thai Minister of Foreign Affairs Surapong Tovichakchaikul.

Mr Surapong attended the ASEAN Foreign Ministers’ Meeting (AMM) Retreat in Siem Reap, Cambodia on Tuesday and Wednesday, the first ASEAN meeting under the chairmanship of Cambodia.

The Association of Southeast Asian Nations (ASEAN) agreed to encourage the United States and the European Union to end their sanctions against Myanmar

The Association of Southeast Asian Nations (ASEAN) agreed to encourage the United States and the European Union to end their sanctions against Myanmar

He told the media after the meeting that apart from following-up implementation of the 19th ASEAN Summit actions in Bali, the AMM Retreat also worked towards setting the direction to guide ASEAN this year under Cambodia’s chairmanship.

One issue widely discussed was the situation of Myanmar and Myanmar Foreign Minister Wunna Maung Lwin reported on his country’s progress after the general election on November 7, 2010.

Mr Surapong said Myanmar has requested the ASEAN to encourage the United States and European Union to end economic sanctions against Myanmar as the situation in the country has totally changed and has made progress on reforms.

The Thai foreign minister said that the ASEAN foreign ministers proposed that Myanmar invite them to visit Naypyidaw, the capital, and he has taken this to discuss with his government. The Myanmar minister believed that the visit was most likely to take place after the by-election in April.

via ASEAN urges US, EU to end Myanmar sanctions.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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