Thursday 9 April 2009


EAST ASIA SUMMIT TO BACK GROWTH, ANTI-PROTECTIONISM

Bill Tarrant

Reuters, April 9, 2009

PATTAYA, Thailand (Reuters) - Leaders of 16 Asian countries are set to endorse policies to restore financial stability and economic growth at a weekend summit in Thailand, according to a draft declaration.

The annual East Asia summit that begins on Friday in the Thai beach resort of Pattaya will also make a stand against trade protectionism amid the worsening global economy.
"They agree that the world is facing a global recession of unprecedented dimensions and called for policy responses that focus on restoring financial stability and economic growth and development," says the draft obtained by Reuters on Thursday.

The leaders will stress the critical importance of "standing firm against protectionist and distortionary measures" and refrain from raising new trade barriers. They will also call for a "prompt, ambitious and balanced conclusion" to the DOHA round of world trade talks.

The East Asia Summit groups the 10-member Association of Southeast Asian Nations and its six "dialogue partners" -- China, Japan, South Korea, India, Australia and New Zealand.

(...) [artículo aquí]

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