Japan, Mekong Countries Adopt 3-Year Cooperation Strategy
Japan and the five Southeast Asian countries of the Greater Mekong Subregion adopted the Tokyo Strategy 2018 at the 10th Mekong-Japan Summit Meeting in Tokyo on 9 October.
Japan and the five Southeast Asian countries of the Greater Mekong Subregion adopted the Tokyo Strategy 2018 at the 10th Mekong-Japan Summit Meeting in Tokyo on 9 October.
Foreign ministers from Japan and five Mekong nations this month identified areas of cooperation under a new strategy and reviewed the progress of joint projects in the East-West Economic Corridor and Southern Economic Corridor.
The Lao People’s Democratic Republic lies at the heart of the Greater Mekong Subregion and its economic corridors . However, the country has yet to maximize benefits from the subregion’s investments in infrastructure and services.
Thailand was the host of the 8th ACMECS Summit, which was attended by (from left) Myanmar President U Win Myint, Viet Nam Prime Minister Nguyen Xuan Phuc, Thailand Prime Minister Prayut Chan-o-cha, Cambodia Prime Minister Hun Sen, Lao People's Democratic Republic Prime Minister Thongloun Sisoulith and ASEAN Secretary-General Lim Jock Hoi. Photo courtesy of the Ministry of Foreign Affairs, Thailand.
Asian Development Bank President Takehiko Nakao reaffirmed ADB's support to the Ayeyawady-Chao Phraya Mekong Economic Cooperation Strategy in a video message shown at the 8th ACMECS Summit on 16 June in Bangkok.
Five Mekong River Basin countries have agreed on a 5-year master plan that includes promoting the smooth flow of goods and people in the East-West Economic Corridor and Southern Economic Corridor of the Greater Mekong Subregion.
International Finance Corporation is providing $15 million in long-term financing to the International Bulk Terminal (Thilawa) Company Limited to develop and operate one of the first bulk terminals in Myanmar.
MANILA, PHILIPPINES (13 April 2018) — The Asian Development Bank’s Trade Finance Program and Orient Commercial Bank today signed a $10 million loan agreement to further support trade in Viet Nam.
The Lao People’s Democratic Republic (Lao PDR) has made progress in transforming itself from a landlocked to a “land-linked” economy. However, high logistics costs affect its continued growth, particularly its trade competitiveness.
BANGKOK, THAILAND (25 January 2018) — The Asian Development Bank’s Trade Finance Program called for greater financial integration, including the development of trade finance, among Greater Mekong Subregion countries at a recent conference for trade finance professionals, central banks, and government ministries in Bangkok.