ASEAN Day 2022: Working lunch of Jean Asselborn and Franz Fayo with ambassadors and representatives of the Association of Southeast Asian Nations at the Chamber of Commerce

The Minister of Foreign and European Affairs Jean Asselborn, accompanied by the Minister of Economy Franz Fayo and the President of the Chamber of Commerce Luke Frieden, welcomed the ambassadors and representatives of ten countries of the European Union to a working lunch. The Association of Southeast Asian Nations (ASEAN) at the Chamber of Commerce this Wednesday, May 4, 2022. ASEAN brings together ten countries in Southeast Asia, namely Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia.

During the working lunch, bilateral relations between Luxembourg and ASEAN member states were discussed, as well as the main topics of international and regional news. Regarding bilateral relations, Minister Asselborn reminded that Luxembourg attaches great importance to relations with the countries of Southeast Asia, both bilaterally and at the level of the European Union (EU). This is evidenced by his bilateral visits to all ASEAN member countries.

With regard to economic and trade relations, the Foreign Minister of Luxembourg expressed his desire to further intensify economic cooperation between the ASEAN countries and Luxembourg. He stressed that Luxembourg seeks to expand its ties with ASEAN, which already covers a wide range of sectors, from finance, investment, fintech, transport, logistics, information technology and communications, and many other aspects that contribute to the sustainability of the sectors concerned. people. Minister Asselborn recalled that all partners benefit from the dynamism of commercial relations, which have grown steadily in recent years, rising from 205 million euros in 2019 to 273.8 million euros in 2021. Minister Fayo outlined the main sectors of Luxembourg’s economic development and discussed several ways to strengthen economic, commercial and financial cooperation between Luxembourg and ASEAN.

In addition, the lunch was an opportunity to discuss current international issues, including the war in Ukraine and the situation in Myanmar. In this context, Luxembourg’s foreign minister reiterated his strong condemnation of Russia’s unjustified attack on its Ukrainian neighbor. Minister Asselborn also took the opportunity to recall the need to protest against the dangerous application of the law of the strongest in international affairs, which could have consequences in other parts of the world.

The working lunch was held as part of the 3rd ASEAN Day, organized by the Ministry of Foreign and European Affairs in partnership with the Chamber of Commerce, the Ministry of Economy and the ASEAN Brussels Committee (Brussels ASEAN Committee, ABC).

Since its inception in 2017, ASEAN Day has been a platform for the exchange of institutional and economic actors to discuss opportunities for cooperation to strengthen relations between Luxembourg, the EU and ASEAN. On the first day of ASEAN after the 2017 and 2020 issues, due to the health crisis, the event on May 4, 2022 will bring together government representatives, as well as representatives of financial institutions and the private sector.

The first part of the day consisted of a presentation of the economic opportunities of ASEAN ambassadors in their countries and a business coordination session, namely economic intelligence between the private sector in Luxembourg and the ASEAN embassies. The second part of the day was dedicated to the presentation of Luxembourg players in the field of innovation, research and logistics. The day ended with a discussion on green, sustainable and inclusive finance with the participation of leading players in this field, including the Luxembourg Stock Exchange, the Luxembourg Financial Organization and the European Central Bank.

Press release of the Ministry of Foreign and European Affairs