Sign up | Log in



Home  >>   Daily News  >>   Asean News  >>   Infrastructure  >>   AEC needs sub-regional units
NEWS UPDATES 5 August 2010

AEC needs sub-regional units

Related Stories

 May 10, 2010
Asian lender offers $6.6m to help Laos’ water supply expansion

September 29, 2009
China, Laos sign agreement on communication satellite

March 4, 2009
Laos to receives $13m from global lender

December 28, 2008
Laos, Vietnam granted $20m to develop tourism link

Asia needs to consolidate and strengthen its sub-regional institutions to accelerate the realization of the Asian economic community, Asian Development Bank (ADB) senior director Srinivasa Madhur has recommended. The region should strengthen potential sub-regional institutions and phase out overlapping ones.

“The existing institutions are dense but 'light', characterized by very limited delegated authorities,” he told a seminar on “Institutions for Integration: Toward an Asian Economic Community” at the Trade Ministry in Jakarta.

He insisted that to strengthen the existing sub-regional institutions, member-countries should delegate more responsibilities and powers.

The 2010 ADB study on “Institutions for Asian Integration: Toward an Asian Economic Community” says that Asian governments have generally been reluctant to delegate significant powers and responsibilities to sub-regional and regional bodies unless they see concrete advantages.

Madhur said that investing in stronger secretariats was another way to build the competence of those institutions. The institutions also need to set up clear and objective membership rules, he added.

Currently, Asia has several sub-regional institutions with various functions and objectives, such as the Association of South East Asian Nations, the South Asian Association for Regional Cooperation, the Pacific Islands Forum and the Central Asia Regional Economic Cooperation.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand