Source: Viet Nam News Agency (VNA) (Viet Nam)
Source type: News Agency
Published on: 29 Apr 2010
KHANH HOA – The Asia-Europe Meeting (ASEM) must foster greater co-operation among member states toward the goal of sustainable development, agreed participants at an ASEM conference on post-economic crisis development models which concluded in the central coast city of Nha Trang on Tuesday.
The gathering, hosted by the Central Institute for Economic Management, attracted over 70 representatives from economic and policy planning institutes and businesses throughout ASEM.
Participants focused discussions on three major issues: sharing experiences in coping with the global economic crisis, ASEM's role in the global economy, and trade and investment co-operation within ASEM to achieve millennium development goals and sustainable development.
They agreed that no single development model was suited to all member countries, and all ASEM members needed to restructure their financial and banking systems and their economies. It was necessary for member states to continue their economic stimulus packages and increase public investment in accordance with each country's financial capacity, paying due attention to improving people's living standards, ensuring high-quality human resources and the need to upgrade technology, they said.
Member countries were also urged to boost co-operation in trade and investment, protest protectionism and strike a balance between exports and domestic consumption.
These conclusions would be submitted to the 8th ASEM Summit scheduled to take place in Brussels, Belgium, in October. — VNS