ASEAN Economic Ministers Sign 5th Protocol to Boost Investment Agreement

18/09/2024 10:11
Email Print 1841
KPL ASEAN Economic Ministers have signed the 5th Protocol aimed at enhancing the ASEAN Comprehensive Investment Agreement (ACIA).

(KPL) ASEAN Economic Ministers have signed the 5th Protocol aimed at enhancing the ASEAN Comprehensive Investment Agreement (ACIA).

 The signing took place in Vientiane on September 16, led by Lao Minister of Industry and Trade Mr. Malaythong Kommasith, and ASEAN Secretary-General Dr. Kao Kim Hourn.

The event occurred during the 56th ASEAN Economic Ministers' Meeting and the 27th ASEAN Investment Area Council Meeting. The 5th Protocol reflects ASEAN’s commitment to strengthening investor confidence and improving the region's investment climate. It aims to align the internal investment framework with external agreements while adapting to modern business demands, thereby boosting ASEAN's attractiveness to global investors.

Key features of the protocol include the conversion of the reservations list into a negative list format for greater transparency, the expansion of the investment scope to new sectors like agriculture, fisheries, forestry, and mining, and the introduction of a streamlined mechanism for select ASEAN members, with hopes that others will follow suit.

Once all member countries sign, the revised reservation list will be completed within 180 days.

KPL

ຂ່າວອື່ນໆ

    • ASEAN welcomes Cambodia – Thailand de-escalation agreementASEAN

      ASEAN welcomes Cambodia – Thailand de-escalation agreement

      12/31/2025 1:21:26 PM

      (KPL/VNA) The Association of Southeast Asian Nations (ASEAN) has welcomed the outcomes of the third special meeting of the General Border Committee (GBC) between Cambodia and Thailand on December 27, which resulted in a commitment to an immediate ceasefire and strict de-escalation measures.

    • Laos attends special ASEAN meeting on Cambodia–Thailand border tensionsASEAN

      Laos attends special ASEAN meeting on Cambodia–Thailand border tensions

      12/23/2025 2:20:50 PM

      A Lao delegation led by Foreign Minister Thongsavanh Phomvihane has attended a special meeting of ASEAN foreign ministers in Malaysia to discuss rising tensions along the Cambodia–Thailand border.

    • ASEAN seeks solutions to Cambodia–Thailand border tensionsASEAN

      ASEAN seeks solutions to Cambodia–Thailand border tensions

      12/23/2025 10:02:39 AM

      (KPL/VNA) At a special ASEAN foreign ministers’ meeting held in Kuala Lumpur on December 22, Chair Malaysia underscored the importance of maintaining regional peace and stability, while calling on Cambodia and Thailand to fully implement agreements already signed in order to resolve the prolonged tensions along their shared border.

    • Lao Ambassador Calls on Media to Strengthen ASEAN–Korea TiesASEAN

      Lao Ambassador Calls on Media to Strengthen ASEAN–Korea Ties

      11/21/2025 9:13:32 PM

      The Lao Ambassador to the Republic of Korea, Songkane Luangmunithone, has urged media organisations in ASEAN and Korea to deepen cooperation to strengthen public understanding of the ASEAN–Korea Strategic Comprehensive Partnership.

    • Australia and ASEAN: United in Promoting PeaceASEAN

      Australia and ASEAN: United in Promoting Peace

      11/19/2025 1:43:15 PM

      Southeast Asia understands all too well the true cost of conflict and the value of peace. Violence and instability disrupt livelihoods, displace communities and undermine economic growth – threatening food and energy security, and placing long-term development and prosperity at risk.

ຂ່າວ KPL Laos News

Top