Coordinated actions crucial to mitigate COVID-19 effects, India remains as one of ASEAN’s major trading partners

Minister at the Prime Minister’s Office and Second Minister of Finance and Economy emphasised the importance of cooperation and coordinated actions to mitigate the effects of the COVID-19 pandemic at the recent Special Plenary with ASEAN Trade Ministers session of the Indo-ASEAN Business Summit and Expo.

Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew Abdullah in a special video message also highlighted despite the ongoing pandemic, India remains as one of ASEAN’s largest trading partners and a source of foreign direct invesmtments (FDI).

The event was organised virtually by the Confederation of Indian Industry (CII) with the support of the Ministry of External Affairs, Government of India.

Bilaterally the minister also touched on the steady economic relations between Brunei and India where in 2020, India is the sixth largest trading partner of the sultanate and hope to further boost this trading relations through exploring measures that can help facilitate exports.

Yang Berhormat Dato Dr Haji Mohd Amin Liew also welcomed investments in the five areas prioritised by Brunei namely, food, tourism, services, ICT and downstream oil and gas sectors.

“There is also potential to explore collaboration in pharma products for the domestic and regional markets which may include not only sourcing of raw materials from India, but also the acquisition of technology, as well as R&D to develop Brunei Darussalam’s pharmaceutical industry,” he said.

The second minister of finance and economy was invited as the guest of the honour at the event by India’s Minister for Commerce & Industry, Textiles and Consumer Affairs, Food and Public Distribution Piyush Goyal. – Analisa Amu


This article was first published on 16 October 2021 in our Weekly E-Paper issue 163


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