Tuesday, 5 May 2009

ASEAN economy experts meet in Cambodia on crisis

The China Post

Tuesday, May 5, 2009

SIEM REAP, Cambodia -- Regional economics experts met in Cambodia Monday to discuss strategies for coping with the global financial crisis, officials said.

Representatives from the 10-member Association of Southeast Asian Nations (ASEAN) began talks a day ahead of a meeting of their economics ministers in the country's northwest tourist hub of Siem Reap.

ASEAN deputy secretary-general S. Pushpanathan said the ministers would address “specific issues affecting the ASEAN economic community to see how we can resolve those issues and move forward with economic integration.”

ASEAN countries plus key dialogue partners China, Japan and South Korea formally agreed Sunday in Indonesia to a US$120 billion emergency currency-swap fund to ease the region through the economic crisis.

During a three-day retreat in Cambodia, the economics ministers will discuss trade and investment within Southeast Asia, S. Pushpanathan said.

“We are looking at how we further enhance economic integration. It is very important for the region to work together,” he said.

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