JP ASEAN cooperation ties

Japan and the Association of Southeast Asian Nations have agreed on a package of economic cooperation measures as they mark 50 years of ties. During a forum in Tokyo on Monday, the Japan External Trade Organization and other bodies signed a memorandum of understanding to support the launch of new startup projects.

Another pact calls for a Japanese government-affiliated trade insurance organizations and MUFG Bank to provide investment and loans for de-carbonization efforts by ASEAN members. Japanese Economy Trade Minister Nishimura Yasutoshi said " ASEAN is showing remarkable growth, while Japan possesses advanced technology.

Using the strengths of both to jointly create a future based on trust is the direction we should aim for." The Japanese government plans to invite leaders of the regional bloc to a special summit in December to further cement relations.