ASEAN, US sign Regional Development Cooperation Agreement

(VOVWORLD) - ASEAN and US representatives have signed a Regional Development Cooperation Agreement (RDCA), which is expected to strengthen ties and links of friendship between the two sides and advance sustainable, inclusive growth.
ASEAN, US sign Regional Development Cooperation Agreement - ảnh 1 (Photo: asean.usmission.gov)

The agreement, signed by ASEAN Secretary-General Dato Lim Jock Hoi and Ryan Washburn,  Principal Officer to ASEAN of the US Agency for International Development, will encourage rule-based systems in support of a peaceful, secure and prosperous ASEAN, in line with the ASEAN Community Vision 2025, the ASEAN-US Plan of Action until 2025, and the Joint Statement of the ASEAN-US Special Summit.

The new five-year deal, worth up to 50 million USD, underscores the US commitment to regional development.

The signing ceremony took place at the ASEAN Secretariat as part of the ASEAN-US Ministerial Meeting last Thursday, marking another milestone of the ASEAN-US strategic partnership and development cooperation.

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