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NEWS UPDATES Asean Affairs     October 28,  2016  





UN urges Mekong leaders to boost trade at Hanoi summit

United Nations representatives and government leaders from Cambodia, Laos, Myanmar, Thailand and Vietnam gathered on Wednesday in Hanoi for three major summits to further economic cooperation.

The Vietnamese capital this week is hosting three events including the 7th Ayeyawady-Chao Phraya Mekong Economic Cooperation Strategy Summit (ACMECS), the 8th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV) and the World Economic Forum on Mekong.

The CLMV countries, comprised of Cambodia, Laos, Myanmar and Vietnam, are discussing how to boost their attractiveness as locations for investment, manufacturing and marketing, according to Thailand's ASEAN Economic Community page.

Speaking to CLMV prime ministers today, the Executive Secretary for the UN Economic and Social Commission for Asia and the Pacific (ESCAP) stressed the importance of trade blocs working together to collectively achieve the 2030 Sustainable Development Goals.

"It is imperative that development gap between CLMV countries and ASEAN be narrowed," said Shamshad Akhtar, as posted on the official UNESCAP Twitter.

According to the World Economic Forum, the Mekong's "potential to become an economic powerhouse is undeniable" but opportunities are squandered by the failure of neighbors to cooperate, with only 7.4 percent of total exports from Mekong countries going to other Mekong countries.

ACMECS was founded in 2003 by now-ousted former prime minister Thaksin Shinawatra to facilitate cross-border investment, trade and transport between its five member states, according to the Asian Development Bank.

Meanwhile some 150 participants are expected to attend the WEF Mekong, including multinational companies working across Asia and senior ministerial representatives.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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