April 3, 2008
Delegates from ASEAN member countries and dialogue partners, namely China, Japan and the Republic of Korea (RoK), on April 2 discussed ways to increase co-operation in working out economic, financial and monetary policies.
At the Informal ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFDM+3) held in central Danang city, the participants also looked into economic development within the region as well as in member countries.
They agreed that pressure posed by price hikes showed signs of waning, but ASEAN+3 member economies will be certainly affected by trade liberalisation and international investment.
The delegates shared a view that inflation within the ASEAN+3 region has been on the rise due to slow growth of the world economy, particularly that of the US economy.
The event was held in preparations for the 12th ASEAN Finance Ministers’ Meeting (AFMM) that will take place in Danang two days later.
The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. (VNA)
Delegates from ASEAN member countries and dialogue partners, namely China, Japan and the Republic of Korea (RoK), on April 2 discussed ways to increase co-operation in working out economic, financial and monetary policies.
At the Informal ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFDM+3) held in central Danang city, the participants also looked into economic development within the region as well as in member countries.
They agreed that pressure posed by price hikes showed signs of waning, but ASEAN+3 member economies will be certainly affected by trade liberalisation and international investment.
The delegates shared a view that inflation within the ASEAN+3 region has been on the rise due to slow growth of the world economy, particularly that of the US economy.
The event was held in preparations for the 12th ASEAN Finance Ministers’ Meeting (AFMM) that will take place in Danang two days later.
The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. (VNA)
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