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ASEAN, East Asia discuss financial cooperation

26/02/2008 -- 3:13 PM

Ha Noi (VNA) – Financial cooperation issues between Southeast Asian countries and three East Asian countries, including Japan, China, and the Republic of Korea (RoK), are being discussed at meetings held in Ha Noi from February 24 to March 2.

The meetings, including a preparatory meeting for ASEAN Finance Deputy Ministers’ conference, focus on the opening of financial service markets among ASEAN countries and between ASEAN and its partners, like Australia and New Zealand; the building of a plan to boost the development of Asian bond markets; and the strengthening of economic-supervision mechanism in ASEAN and East Asia.

The meetings also deal with opinions from researchers and scholars on regional financial cooperation programmes; model and plan to form the regional financial tool that aims to support the balance of payments; and mechanism for infrastructure financing.

The organisers said the meetings in Ha Noi are preparatory steps for the 12th ASEAN Financial Ministerial Conference and the ASEAN+3 Financial Ministerial Conference hosted by the Vietnamese Finance Ministry. The two conferences are scheduled to be held in Da Nang (Viet Nam) in early April 2008 and in Spain in early May 2008.–Enditem






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