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China expects new achievements for GMS cooperation in next decade: finance minister

(Xinhua)

08:02, December 16, 2011

BEIJING, Dec. 15 (Xinhua) -- China will continue to strengthen ties with the Greater Mekong Subregion (GMS) countries and the Asian Development Bank (ADB) to promote sub-regional cooperation and regional prosperity in the next decade, said Chinese Minister of Finance Xie Xuren here on Thursday.

Xie made the remarks in an interview with Xinhua and the People's Daily prior to the fourth Summit of the Greater Mekong Subregion (GMS)-Economic Cooperation Program, scheduled for Dec. 19 to 20 in Naypyidaw, Myanmar's administrative capital.

Established in 1992, with the assistance of the ADB, the program gathers China, Cambodia, Laos, Myanmar, Thailand and Vietnam, countries sharing the Mekong River. It is designed to enhance economic relations among these countries.

Noting next year is 20th anniversary of GMS cooperation, Xie said China is satisfied with the pragmatic cooperation among GMS member countries in the past two decades and is full of confidence for their future work.

He said the GMS Strategic Framework for 2012-2022, which will be endorsed at the fourth GMS summit, will guide the GMS cooperation to achieve new substantive results.

The new strategic framework proposed eight priority sectors for cooperation: namely, GMS economic corridor development, infrastructure linkages, energy, telecommunications, tourism, agriculture, environment and human resources development, he said.

By the end of 2010, the GMS countries have launched 227 cooperative projects in nine areas -- transport, energy, telecommunications,environment, agriculture, human resources, tourism, trade and investment -- with a total investment of 14 billion U.S. dollars.

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