by Staff Writers
New York (AFP) Sept 26, 2012
Thai Prime Minister Yingluck Shinawatra said Wednesday that Asia's emerging economies can help the troubled global economy, but warned against allowing conflict in the seas around China from derailing development.
"The Asia Pacific region is a key engine of the global economy," she said in New York in a talk at the Asia Society.
However, the standoff between China and several neighbors over disputed islands must be resolved, she warned.
"We will not be successful in promoting economic development and prosperity if there are tensions," she said, adding Thailand was "determined to do what we can" to defuse the situation.
"We believe that maritime areas such as the South China Sea should be seen as an area of... potential."
China is in an increasingly terse dispute with Japan over ownership of islands in the East China Sea, while there are also disputes with Vietnam and other countries in the South China Sea.
Thailand's own economy took a hit after violent protests in 2010, but has settled down, Shinawatra said.
"After several years of the political unrest, Thailand is experiencing a much welcomed period of stability," she said, noting that GDP growth of between 5.5 and six percent was expected in 2012.
She also highlighted the opening up of Myanmar as a positive development for the region's economy.
"We are confident that this change will benefit the people of Myanmar, as well as the economy of the whole region."
Global Trade News
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Obama mocks Romney's get tough with China vow
Bowling Green, Ohio (AFP) Sept 26, 2012
President Barack Obama Wednesday mocked Mitt Romney's get tough with China rhetoric, saying his foe's record of making money in China meant he would be like a fox guarding a chicken coop. Obama and Romney clashed on trade with the giant Asian economy at dueling political events in Ohio, a key midwestern swing state which has seen thousands of blue collar jobs migrate to low cost economies ab ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|