A Change of Guard

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Monday, 4 May 2009

Asean economy experts meet

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

Representatives from the 10-member Association of South-east 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 on Sunday in Indonesia to a US$120 billion (S$177.7 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 South-east Asia, Mr 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.

'This is the time for the region to come together,' he added. -- AFP

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