Home / Knowledge / News / Regional economic cooperation to deepen in Asia
Regional economic cooperation to deepen in Asia
Mar '08
Economic cooperation and integration will deepen and be a key pillar of Asia's development strategy as the region moves forward, the head of the Asian Development Bank (ADB), Haruhiko Kuroda, said on Monday.

In his opening remarks at a conference on “European and Asian Integration: Achievements and Challenges,” he said that while Asia lacked a grand plan for regionalism as Europe, the European Commission (EC) and ADB can work closely together to add value to economic integration and regional cooperation. Asia can learn important lessons from Europe, he continued, but it will follow its own distinct model.

The Commissioner for Economic and Monetary Affairs, Joaquín Almunia, remarked that the creation of the Economic and Monetary Union (EMU) had enabled European Member States to cope better with increasing economic competition from Asia. EMU had delivered stability over the past decade and has helped shield euro area members from external shocks, including the ongoing financial turmoil. The euro area dynamism was also demonstrated by the creation of nearly 16 million jobs over the last ten years.

This conference was the first of its type to be financed by the new instrument, the ASEM Dialogue Facility, launched in December 2007 by the Commission, to strengthen co-operation with Asian countries in the framework of the Asia-Europe Meeting (ASEM) process.

The conference was co-hosted by the EC and ADB and deliberated on results of a flagship ADBstudy on the emergence of Asian regionalism. A book based on the study will be launched at the ADB's 41st Annual Meeting in Madrid in early May, 2008.

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search