Asean must help SMEs, says Don

Asean must help SMEs, says Don

Fund proposed to aid post-Covid recovery

Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh chairs a video meeting with other Asean foreign ministers in Hanoi on Wednesday. (Reuters photo)
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh chairs a video meeting with other Asean foreign ministers in Hanoi on Wednesday. (Reuters photo)

Foreign Minister Don Pramudwinai on Wednesday proposed to Thailand's regional partners that they take coordinated action to protect small and medium-sized enterprises (SME) in the post-Covid-19 era.

The deputy prime minister was speaking at the 53rd meeting of Asean foreign ministers, hosted by Vietnam via videoconference, the Foreign Ministry reported.

He proposed the setting-up of a fund to assist companies battling to find their feet once the coronavirus has been dealt with.

The foreign ministers stressed the urgent need for Asean to collectively address economic recovery and the importance of multilateralism in dealing with the rising tensions and uncertainties in the region.

Moreover, they agreed the current situation could affect the geopolitical landscape and Asean must strengthen its centrality in the evolving regional landscape.

This was especially relevant under the Asean Outlook on the Indo-Pacific (AOIP), in the promotion of peace and stability, which are the prerequisites for economic recovery efforts.

In addition, the ministers discussed regional situations of common concern, including the South China Sea, irregular migration in the Indian Ocean and the situation on the Korean Peninsula.

They also received updates about the situation in Myanmar's Rakhine state in the context of Covid-19 and its effect on that country's development.

Meanwhile, the 27th Asean Coordinating Council, in a side meeting, reiterated its commitment to further expediting the implementation of its leaders' approach to combatting the pandemic.

Measures included enhanced cooperation on vaccine development and research as well as encouraging a fully effective Covid-19 response fund.

The meeting appreciated Thailand's contribution of US$100,000 (3.14 million baht) to the fund, saying the country had underscored the importance of human security, utilisation of digital technology and enhancing sustainable development to support a post-Covid-19 recovery.

At a special session of the Asean Coordinating Council Meeting on Sub-Regional Development, initiated by Vietnam to discuss Asean's role on sub-regional development, Mr Don emphasised its core objective to integrate the region by narrowing development gaps, and by focusing on sustainable and human capital development.

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