News / Economy

Economics, Trade to Feature in Asia-Europe Summit

Lao police officials stand next to flags of various nations on display at Wattay International Airport in Vientiane, Laos, Sunday, Nov. 4, 2012.Lao police officials stand next to flags of various nations on display at Wattay International Airport in Vientiane, Laos, Sunday, Nov. 4, 2012.
x
Lao police officials stand next to flags of various nations on display at Wattay International Airport in Vientiane, Laos, Sunday, Nov. 4, 2012.
Lao police officials stand next to flags of various nations on display at Wattay International Airport in Vientiane, Laos, Sunday, Nov. 4, 2012.
Ron Corben
The strengthening of economic ties between Asia and Europe, along with regional stability and security, will be featured in talks this week when leaders of 49 countries hold a two-day summit in Vientiane, Laos.  

The global economy is to take center stage at the Asia-Europe summit in the Lao capital of Vientiane, as troubled European economies look to benefit from Asia’s rapid economic growth of recent years. 

The ninth ASEM summit, starting Monday, brings together nearly 50 leaders from Asia and Europe against a backdrop of struggling European countries faced with recession and debt. 

European Commission President Jose Manuel Barroso told reporters Sunday in Bangkok the meeting’s aim is to build stronger economic ties in talks that will also feature the challenges of stability and regional security.  

“Our main objective for this ASEM summit is the consolidation of the potential dialogue with our partners from Asia.  We believe Asia is becoming more important every day.  In terms of economic development there is immense potential in the relationship between Europe and Asia," he said. "And we want to discuss these issues with our Asia friends.  Namely, what can we do together facing global challenges?”

Thailand played host to the first ASEM summit in 1996 in talks focused on a political dialogue, security and economic issues, as well as social developments, such as education.

Thai Prime Minister Yingluck Shinawatra says growing collaboration between the two regions will also be discussed.

“Collaboration between Asia and Europe; I think this [ASEM] is a good mechanism and right time to use this venue to discuss collaboration.  We see this as an opportunity, if we can sit down and discuss together.  We believe that we will use this mechanism to drive the growth of trade and investment," she said. 

Prime Minister Yingluck said the issues of human rights and human trafficking also concern overall regional security.  

Human-rights and environmental groups are looking to press their cases on the leaders, ranging from conflicts over land to protests on the development of hydropower dams in Laos.  

Meanwhile, Thailand is in talks with the European Union for a Partnership Cooperation Agreement and is preparing for negotiations on a Thai-EU free-trade accord. 

 

You May Like

Multimedia Social Media Documenting, Not Driving, Hong Kong Protests

Unlike in Arab Spring uprisings, pro-democracy protesters in Hong Kong aren't relying on Twitter and Facebook to organize, but social media still plays a role More

Analysis: Occupy Central Not Exactly Hong Kong’s Tiananmen

VOA's former Hong Kong, Beijing correspondent compares and contrasts 1989 Tiananmen Square protest with what is now happening in Hong Kong More

Bambari Hospital a Lone Place of Help in Violence-Plagued CAR

Only establishment still functioning in CAR's second city is main hospital More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
The Legacy of Jimmy Carter: The Preacher from Plainsi
X
October 01, 2014 10:45 AM
It is common in the United States to see tourists flock to sites associated with America's presidents. Some are privately owned and others are run by the National Park Service or the National Archives -- but most have helped draw business and people into the towns and cities where they are located. As VOA’s Kane Farabaugh reports, there is one particular presidential hometown that is unique in what it has to offer those who make the trip.
Video

Video The Legacy of Jimmy Carter: The Preacher from Plains

It is common in the United States to see tourists flock to sites associated with America's presidents. Some are privately owned and others are run by the National Park Service or the National Archives -- but most have helped draw business and people into the towns and cities where they are located. As VOA’s Kane Farabaugh reports, there is one particular presidential hometown that is unique in what it has to offer those who make the trip.
Video

Video Hong Kong Protests Draw New Supporters on National Holiday

On the 65th anniversary of the founding of Communist China, Hong Kong protesters are hoping to stage the largest pro-democracy demonstration since the 1989 Tiananmen protests. VOA's Brian Padden visited one of the protest sites mid-day, when the atmosphere was calm and where the supporters were enthusiastic about joining what they are calling the umbrella revolution.
Video

Video India's PM Continues First US Visit

India's prime minister is on his first visit to Washington, to strengthen political and economic ties between the world's oldest and the world biggest democracies. He came to the U.S. capital from New York, the first stop on his five-day visit to the country that denied him an entry visa in the past. From Washington, Zlatica Hoke reports Modi seemed most focused on attracting foreign investment and trade to increase job opportunities for his people.
Video

Video Malaysia Struggles to Stop People Joining Jihad

Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Could US Have Done More to Stop Rise of Islamic State?

President Obama says airstrikes against Islamic State militants in Syria will likely continue for some time because, in his words, "there is a cancer that has grown for too long." So what if President Obama had acted sooner in Syria to arm more-moderate opponents of both the Islamic State and the Syrian government? VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video Treasure Hunters Seek 'Hidden Treasure' in Central Kenya

Could a cave in a small village in central Kenya be the site of buried treasure? A rumor of riches, left behind by colonialists, has some residents dreaming of wealth, while others see it as a dangerous hoax. VOA's Gabe Joselow has the story.
Video

Video Ebola Patients Find No Treatment at Sierra Leone Holding Center

At a holding facility in Makeni, central Sierra Leone, dozens of sick people sit on the floor in an empty university building. They wait in filthy conditions. It's a 16-hour drive by ambulance to Kailahun Ebola treatment center. Adam Bailes was there and reports on what he says are some of the worst situations he has seen since the beginning of this Ebola outbreak. And he says it appears case numbers may already be far worse than authorities acknowledge.
Video

Video Identifying Bodies Found in Texas Border Region

Thousands of immigrants have died after crossing the border from Mexico into remote areas of the southwestern United States in recent years. Local officials in south Texas alone have found hundreds of unidentified bodies and buried them in mass graves in local cemeteries. Now an anthropologist and her students at Baylor University have been exhuming bodies and looking for clues to identify them. VOA’s Greg Flakus has more from Waco, Texas.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid

World Currencies

EUR
USD
0.7866
JPY
USD
109.25
GBP
USD
0.6139
CAD
USD
1.1120
INR
USD
61.428

Rates may not be current.