SINGAPORE, December 19, 2022 – The ASEAN+3 Macroeconomic Research Office (AMRO) and the Association of the Southeast Asian Nations Secretariat (ASEC) have strengthened ties by agreeing to collaborate on three key areas of common interest.

The collaboration focuses on regional economic and financial research and surveillance, capacity building, and data and information sharing.

“ASEC has been an invaluable partner to AMRO since our inception,’’ said AMRO Director Kouqing Li. “ASEC and AMRO’s work complements each other. There are synergies in AMRO’s mandate of contributing to ASEAN+3’s macroeconomic and financial stability and supporting the regional financing arrangement as well as ASEC’s work in ensuring effective monitoring of the progress of economic and financial integration in the ASEAN region.’’

The collaboration will allow for an exchange of views and information on economic and financial situations at regional and individual-economy level and on research activities and events of common interest.

Effective immediately, the collaboration is set for five years and may be extended by mutual agreement of both parties.

About AMRO

The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute towards securing macroeconomic and financial stability of the ASEAN+3 region, comprising 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and provide technical assistance to the members.