Showing posts with label Asia-Pacific development. Show all posts
Showing posts with label Asia-Pacific development. Show all posts

Tuesday, September 07, 2010

Korea to Expand Economic Cooperation with Greater Mekong Subregion

Sep. 07, 2010
Arirang News (South Korea)

Finance Minister Yoon Jeung-hyun says Korea intends to actively participate in the development of the Greater Mekong Subregion.

In his welcoming remarks at the opening of the Mekong Development Forum in Seoul on Monday, Yoon said the Korean government and private businesses would offer financial and technical assistance as well as invest in GMS projects.

The two-day forum co-hosted by the Ministry of Strategy and Finance and the Asian Development Bank is set to close on Tuesday after one-on-one meetings between Korean businesses and GMS senior officials to explore areas of cooperation and business opportunities.

Comprised of Cambodia, China, Laos, Myanmar, Thailand, and Vietnam, the GMS cooperates on projects such as transportation infrastructure.

Sunday, January 13, 2008

Senior UN official: China can play leading role in Asia-Pacific region's development

By Shen Min

BANGKOK, Jan. 12 (Xinhua) -- As an emerging economic powerhouseand a growing player on regional and global issues, China is able to play a leadership role in the common development of prosperity in the Asia-Pacific region, a high-ranking UN official said on Saturday.

In an interview with Xinhua before her scheduled visit to Chinaon Jan. 17-23, Dr. Noeleen Heyzer, executive secretary of ESCAP (Economic and Social Commission for Asia and the Pacific), said themajor challenges now facing the region are different kinds of "imbalances", such as the issues of economic imbalance, social imbalance and ecological imbalance.

Heyzer, who is also under-secretary-general of the United Nations, said the region not only enjoy fast economy growth, but also has half of the world's population in poverty. "Uneven economic development in different parts of countries and between countries, growing inequality in income, the existence of poverty and social exclusion, the sustainability and pollution issue -- all need to be seriously addressed by the ESCAP and its members," she said.

The UN official said one of the areas ESCAP is known for is the area of "Green Growth", to which China has shown its appreciation, by integrating the approach in its 11th strategic plan for national social and economic development, and in fact setting a target of reducing energy consumption per unit of GDP by20 percent by the year 2010.

"It is one of the examples that China can play a leading role through cooperation with the ESCAP, in helping the ESCAP addressing these challenges in the region," she said.

Heyzer said the ESCAP would like to see the partnership betweenthe ESCAP and China be further broadened in the future, especiallyin the follow-up of the Bali conference last December on the global issue of climate change.

Commenting on China's progress in the past three decades, she said, "China is a big economic powerhouse. The target of 'halving the population in poverty', one of the 'Millennium Development Goals' that the UN has drafted for the common development of the world, is met mainly thanks to China."

She also noted China's achievement on South-South cooperation, that China has lent huge support to East Timor, Cambodia and Laos,and outside Asia, China has played a big role in development of Africa.

"I would encourage China to continue its contribution and to beactually a major donor to the South-South cooperation, and to not just focus on bilateral level, but to use multilateral system to enable more countries to share the experience of China in this area."

Citing as an example of the impact of China's development in the region, she referred to an article she recently read which depicts how the cheap motorbikes produced by China in Laos have increased the assets of poor households, as well as allowing market access by improving connectivity to other parts of the country.

"My role as head of ESCAP is to identify different strengths ofour member countries in order to move towards common sustainable development. I would like to stress that I really look forward to China's leadership role for the region to continue on the path to common prosperity." the ESCAP chief said.

China is a member of ESCAP, the regional arm of UN in Asia and the Pacific.