Japan to increase financial assistance to and strengthen partnership with ASEAN
During the twenty-second Asean-Japan Summit, prime minister Shinzo Abe pledged to support the Association of Southeast Asian Nations (ASEAN) in its effort to strengthen regional cooperation and to tackle the region’s challenges. Among the key issues raised during the meeting were the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) and the Mekong-Japan strategic partnership.
Abe and Thailand’s prime minister, Gen Prayut welcomed the November 2, 2019 signing of six memorandums of understanding between Thai and Japanese private firms to promote small-medium enterprises (SMEs), startups, and related innovations. To support connectivity, Japan will also launch an initiative for loans and investment for ASEAN in areas of quality infrastructure, financial access for women, and green-field investment.