ASEAN Economic Ministers Sign 5th Protocol to Boost Investment Agreement

18/09/2024 10:11
Email Print 1688
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

    • Malaysia promote ASEAN’s central role in RCEP’s implementation ASEAN

      Malaysia promote ASEAN’s central role in RCEP’s implementation

      10/23/2025 9:46:03 AM

      (KPL/VNA) Malaysia will reinforce ASEAN’s central role in guiding the Regional Comprehensive Economic Partnership (RCEP)’s implementation as the country prepares to host the 5th RCEP Leaders’ Meeting slated to take place on October 27 on the sidelines of the 47th ASEAN Summit.

    • ASEAN strengthens regional cooperation on energy transition ASEAN

      ASEAN strengthens regional cooperation on energy transition

      10/17/2025 10:10:10 AM

      (KPL/VNA) As Chair of the Association of Southeast Asian Nations (ASEAN) in 2025, Malaysia has announced that the ASEAN Power Grid (APG) will be one of its top strategic priorities, highlighting that regional energy transition has become an urgent competitive necessity.

    • Malaysia ready for 47th ASEAN Summit ASEAN

      Malaysia ready for 47th ASEAN Summit

      10/15/2025 10:32:20 AM

      (KPL/VNA) A total of 84 outcome documents are expected to be issued at the 47th ASEAN Summit and Related Summits, to be held at the Kuala Lumpur Convention Centre from October 26 to 28, according to Malaysia’s Foreign Minister Datuk Seri Mohamad Hasan.

    • ASEAN (10+3) Journalist Delegation visit Guizhou’s Cultural and Economic VitalityASEAN

      ASEAN (10+3) Journalist Delegation visit Guizhou’s Cultural and Economic Vitality

      9/23/2025 12:31:07 PM

      A high-level delegation of journalists from ASEAN member states and its three partner countries (China, Japan, and the Republic of Korea) concluded a productive visit to Guizhou Province this week. The visit followed their participation in the 2025 Media Cooperation Forum on Belt and Road and the 11th ASEAN Plus Three (10+3) Media Cooperation Forum, held in Kunming, Yunnan Province.

    • Timor-Leste Prepares for a Better Future Through Peace Education for YouthASEAN

      Timor-Leste Prepares for a Better Future Through Peace Education for Youth

      9/12/2025 10:57:08 AM

      Timor-Leste is preparing for a better future by promoting the values of peace among its youth through peace education. Recent initiatives and programs in this field, along with their significance, have drawn increasing public attention. With its history of colonization and civil war, the country has come to recognize the importance of peace on a profound level. Against this backdrop, the government and higher education institutions have identified peace education for young people as a national priority. Since 2023, higher education institutions in Timor-Leste have actively responded to the social demand to go beyond mere knowledge transfer and instead foster peaceful values and civic consciousness as a foundation for building sustainable peace.

ຂ່າວ KPL Laos News

Top