Finance ministers from the 10-member Association of Southeast Asian Nations (ASEAN) are reviewing here Friday global and regional situations, and putting forth directions for closer intra- and extra-financial cooperation and coordination.
At the 12th ASEAN Finance Ministers' Meeting in Vietnam's central Da Nang city, the ministers will touch upon global and regional economic situations, the ASEAN Economic Community, the ASEAN Charter, the region's financial and monetary integration roadmap, the ASEAN plus China, Japan and South Korea financial cooperation, and the intra-block cooperation in such areas as capital market, insurance and customs.
ASEAN groups Indonesia, the Philippines, Singapore, Thailand, Malaysia, Brunei, Vietnam, Laos, Myanmar and Cambodia. After the regional financial crisis in 1997, they were more aware of the importance of beefing up their cooperation with key East Asian partners, including China, Japan and South Korea.
Source: Xinhua
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