Jun 1, 2012

Thailand - Asean urged to improve economic, transport ties

Follow Me on Pinterest
Asean nations must commit firmly to improving economic ties and transport links, Indonesian president Susilo Bambang Yudhoyono says.

Mr Yudhoyono, speaking at the World Economic Forum on East Asia yesterday, said the 10 Asean members will play an increasingly important role in the global economy as the region integrates.

Asean should aim not just to achieve economic targets through increased ties in trade and investment, but also commit to peace, development and poverty reduction across the region, he said. Members should work to improve connectivity in areas such as transportation, food security, trade, energy, information technology, banking, education, innovation and social media. Asean must also destroy existing obstacles to creating these ties to help foster sustainable growth and development.

Mr Yudhoyono said existing cooperation within Asean is good, but insufficient to meeting the region's goals.

He called on members to expand their linkages to other close allies in East Asia.

"The new architecture is not limited to 10 Asian nations, but another eight countries _ China, Japan, South Korea, India, Russia, United States, Australia and New Zealand," Mr Yudhoyono said.

Asean, he said, should focus on building up its current advantages in industry, services and agribusiness.

Indonesia, the only Asean member in the Group of 20 major economies, had plans to sharply increase investment in the near future, Mr Yudhoyono said.

Prime Minister Yingluck Shinawatra said at the same session Thailand was working closely with Myanmar to develop Dawei as a new development zone.

Thailand also is committed to strengthening transport and economic links running north-south and east-west. A new high-speed rail link, running from Kunming in China to Singapore, would boost transport ties, she said.

The government is planning the construction of new high-speed rail links between Bangkok and key urban centres across the country. Bangkok mass transit systems and Suvarnabhumi airport are also set to be expanded.

Ms Yingluck said over the next five years Thailand will invest $70 billion in new transport infrastructure and another $11.4 billion on water management.

Vietnamese Prime Minister Nguyen Tan Dung said Asean should strengthen cooperation on issues such as water management in the Mekong sub-region, hydropower plans and maritime safety.



Business & Investment Opportunities 
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com

No comments:

Post a Comment