The Meeting of Ministers of Finance and Governors of ASEAN Central Banks (AFMGM) this week will concretize an agreement related to strengthening financial cooperation in the region, including the implementation of the de-dollarization discourse.
) to -2 which will be held this week on 22-25 August 2023, ASEAN countries will outline a framework for concretizing the implementation of these various agreements.
Meanwhile, regarding the implementation of the interconnected regional payment system , the 2nd AFMGM forum will encourage the expansion of cooperation. Last year, at the G20 Summit, five ASEAN countries agreed to integrate their payment systems. This year, it is expected that more ASEAN countries can participate.Iss stated that Vietnam will be the latest country ready to cooperate in connecting its payment system with other ASEAN countries.
"The issue regarding GMT is not only specific between developed and developing countries, but also regarding tax policies. We should not let any country impose very low taxes. GMT is indeed a topic of discussion, but for its technical aspect, whether it will reach a certain position regarding ASEAN's stance, we have not looked in that direction," said Yogi.
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