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NEWS UPDATES Asean Affairs   7 October 2013  

APEC strengthens Indonesia's position as regional power

Coordinating Economic Minister Hatta Rajasa said the organizing of 2013 Asia-Pacific Economic Cooperation (APEC) Summit in Bali strengthened Indonesia's position in becoming “a regional power”, with the promise of being a global power in the future.

“It would be totally wrong to say that APEC does not offer any advantages to Indonesia,” Hatta said in Nusa Dua, Bali, on Saturday as quoted by Antara news agency.

He urged all parties to see APEC and Indonesia’s position in a much more optimistic light and to appreciate the potential advantages and benefits that could be gained amid current global conditions.

“The three main priorities for discussion at the APEC Summit all have a bearing on Indonesia’s interests and we want to bring APEC closer to the people,” he said.

“Partnerships through trade were created with the Bogor Goals in 1994, and with the APEC Summit this year, they will be given more meaning,” he continued.

The three priorities at this year's summit are to attain the Bogor Goals, achieve sustainable growth with equity and promoting connectivity.

Hatta said 75 percent of Indonesia’s total trade was conducted with APEC member countries, adding that the growth of Indonesia-APEC trade was higher than the country’s trade growth outside the Asia-Pacific region.

For Indonesia, he said, this year’s APEC Summit also lent momentum to synergize the government’s Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI), allowing for wider access to markets and investment flows that could accelerate regional economic growth and increase domestic productivity. (ebf)

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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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