Saturday, June 15, 2024
26 C
Brunei Town

Indo-Pacific Framework boost for local businesses

Rokiah Mahmud

The Sultanate is among 13 countries that recently joined the Indo-Pacific Framework, Minister at the Prime Minister’s Office (PMO) and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said at the daily press conference yesterday.

The minister said the Indo-Pacific Framework suggested by the United States (US) was launched on May 23 when US President Joe Biden visited Japan. With the Sultanate becoming one of the partners, it is hoped that it is an initiative by the government to assist in seeking opportunities in developing local businesses.

Dato Seri Setia Dr Awang Haji Mohd Amin Liew said the Indo-Pacific Framework is among initiatives and collaborations among the 13 countries in addressing issues including digitalisation, supply chains and resilience.

At the moment, early negotiations have been carried out. However, in a few months to come, several partner countries will conduct more detailed discussions, especially in setting up mutual cooperations.