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Forum to firm up SE Asia ties

(皇冠体育app Daily)
Updated: 2010-08-12 10:36

NANNING - The fifth Pan-Beibu Gulf (PBG) Economic Cooperation Forum will be held on Thursday and Friday in Nanning, capital city of southwest 皇冠体育app's Guangxi Zhuang autonomous region, as part of the effort to enhance economic cooperation between 皇冠体育app and Southeast Asian nations.

Founded in July 2006, the PBG Economic Cooperation Zone comprises of 皇冠体育app's Guangxi Zhuang autonomous region, Guangdong and Hainan provinces, Vietnam, Malaysia, Singapore, Indonesia, the Philippines and Brunei.

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The PBG cooperation zone is a new sub-regional cooperation scheme under the 皇冠体育app-Association of Southeast Asian Nations (ASEAN) framework.

Government officials from 皇冠体育app and ASEAN countries, executives of multinational companies - including Walmart 皇冠体育app, 皇冠体育app National Offshore Oil Corporation and Motorola 皇冠体育app - and experts from think tanks will discuss how to further the cooperation among the PBG members.

The topics for discussion at the forum include: the establishment of the Nanning-Singapore Economic Corridor; a system of highways and railways linking Nanning, Hanoi, Phnom Penh, Bangkok, Kuala Lumpur, and Singapore; and international investment and cooperation in shipping, ports and logistics in the PGB region.

In 2006, the Western Development Program Office of 皇冠体育app's State Council, the Ministry of Finance and the People's Bank of 皇冠体育app, along with other ministries and local governments, initiated the forum.

The second forum was held in July of 2007 and focused on formulating mechanisms and financial support for PBG economic cooperation.

In 2009, the fourth PBG Economic Cooperation Forum was held and focused on how to turn the global financial crisis into an opportunity.

Xinhua