ASEAN secretariat holds brainstorming session on comprehensive Asia development plan

19:19, April 16, 2010      

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A brainstorming session among researchers, policy experts and academics was held at the offices of the Economic Research Institute for ASEAN and East Asia (ERIA) here, discussing the development of the Comprehensive Asia Development Plan (CADP), a statement released by ASEAN secretariat said here on Friday.

The brainstorming session, involving some 30 participants and led by the Secretary-General of ASEAN, Dr Surin Pitsuwan, provided the opportunity to exchange views on the preparation of the CADP and its contribution towards ASEAN Connectivity.

Other issues such as enhancing regional production networks, the development of the CLMV countries (Cambodia, Lao PDR, Myanmar and Viet Nam), the role of industrial corridors in integrated development in the case of the Mekong and the India Economic Corridor, and the development of economic corridors in Indonesia, were also discussed.

The CADP is intended to provide a coherent master plan of economic infrastructure and industrial placement in East Asia, including ASEAN, to deepen regional integration, stimulate economic growth and narrowing the development gap.

The master plan is expected to be considered by the East Asia Summit in October 2010. The preparation of the CADP is undertaken by ERIA, in cooperation with the ASEAN Secretariat and the Asian Development Bank (ADB).

During the discussions on Thursday, Dr Surin highlighted ASEAN Connectivity as an important dimension of ASEAN economic integration, which could contribute to the CADP.

He stressed that "better connectivity in ASEAN and beyond will increase the competitiveness of ASEAN and enhance the attractiveness of ASEAN not only as a foreign direct investment ( FDI) destination but encourage better integration of production and innovation networks in the region."

In particular, he cited the crucial role of public-private partnership in mobilising resources to implement the ASEAN Connectivity initiative and the CADP.

Dr Surin also underscored the importance for ASEAN to implement ASEAN transport and cross border agreements expeditiously, which involve translating these regional commitments into domestic laws and regulations if ASEAN economies were to efficiently move products to their final markets.

Source: Xinhua


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