Kwon Tae-shin, Vice Chairman of FKI, Attends ERIA 2021 Online Board Meeting

Kwon Tae-shin, Vice Chairman of the Federation of Korean Industries Photo by Yonhap News

[Asia Economy Reporter Jeong Hyunjin] Kwon Tae-shin, Vice Chairman of the Federation of Korean Industries, participated as the Korean representative in the ERIA 2021 online board meeting held on the 12th, headquartered in Jakarta, Indonesia.

ERIA is a think tank aiming to be the "East Asia Economic Cooperation Development Organization (OECD)." It was decided to be established at the 2007 East Asia Summit (EAS) and launched in 2008. It supports the policy functions of the ASEAN Secretariat through research on ASEAN and East Asian economic integration and policy recommendations.

Currently, 16 countries, including Korea, participate in the ERIA board. The participating countries are the 10 ASEAN countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, as well as Japan, China, Korea, India, Australia, and New Zealand. Vice Chairman Kwon has been active as the Korean representative and board member for about seven years since his appointment in 2014.

At this year’s board meeting held under the theme "The Global and Asian Economic Impact of COVID-19," Vice Chairman Kwon stated, "ERIA should prepare measures to prevent the spread of intra-Asian protectionism, which has deepened since the global economic crisis caused by COVID-19, and propose policies to ease immigration procedures for businesspeople. These policies should be recommended at the ASEAN Summit and East Asia Summit to be held at the end of this month."

This content was produced with the assistance of AI translation services.