Home / Knowledge / News / Regional economic cooperation to deepen in Asia
Regional economic cooperation to deepen in Asia
11
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

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search