Prime Minister Pham Minh Chinh left Hanoi on December 15 for the Commemorative Summit for the 50th Year of ASEAN-Japan Friendship and Cooperation in Japan, at the invitation of Japanese Prime Minister Kishida Fumio, the Government News has reported.
The relationship between ASEAN and Japan has been dynamic across fields such as politics, security, economy, trade, investment, culture, and development cooperation.
Japan has deeply engaged in political-security cooperation processes in the region and supported ASEAN’s solidarity, unity, and centrality.
ASEAN and Japan have joined various economic cooperative mechanisms and frameworks such as the Regional Comprehensive Economic Partnership (RCEP) and the ASEAN-Japan Comprehensive Economic Partnership (AJCEP).
Japan is an active contributor to the Initiative for ASEAN Integration (IAI) and an active supporter for ASEAN to narrow the development gap.
In 2022, Japan was the bloc’s fourth-largest trading partner with the two-way trade of $268.5 billion, and its second-largest foreign investor, with total registered capital of $26.7 billion, a year-on-year increase of 27.7 per cent.
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