Thai PM attends ASEAN+3 Summit

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BANDAR SERI BEGAWAN, Oct 10 — Thai Prime Minister Yingluck Shinawatra on Thursday attended the 16th ASEAN+3 Summit which included the leaders of China, Japan and South Korea Bandar Seri Begawan, Brunei.

The meeting was to review the progress and push forward various areas of cooperation in the group’s cooperative framework and to provide an opportunity for the 13 national leaders to exchange views on important regional and international issues.

Ms Yingluck told the meeting that the ASEAN+3 three prongs of cooperation to be focused were — the building of connectivity among the 13 countries in accordance with the Leaders’ Statement on ASEAN+ Partnership on Connectivity.

Strengthening financial cooperation and connectivity, particularly coordination on macroeconomic policy while Thailand fully supported expanding the Chiang Mai Initiative on Multilateralization (CMIM).

The Thai premier also proposed that ASEAN+3 study the feasibility of expanding connectivity among their capital markets and stock markets.

She said Thailand supported closer financial cooperation by developing the regional bond markets and using local currencies in trading and investment among the countries in the group.

ASEAN+3 would also foster cooperation on food security, she said, by jointly developing food production technology and increasing the potential on food preservation while enhancing a more effective food supply chain.