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Showing posts with label International Gov Budget. Show all posts
Showing posts with label International Gov Budget. Show all posts

Tuesday, April 23, 2013

Asia-Pacific countries poised to start free trade talks



BANDAR SERI BEGAWAN - Sixteen Asia-Pacific countries are set to start talks next month on a free trade zone that would cover over half the world's population, according to a document obtained by AFP Tuesday.
The start of negotiations for the Regional Comprehensive Economic Partnership (RCEP) is poised to go ahead despite bitter territorial rifts among planned members, including China, Japan and some Southeast Asian nations.
Leaders of the Association of Southeast Asian Nations (ASEAN), who will meet in Brunei on Wednesday and Thursday, are expected to focus on kickstarting the talks after launching the process last year at a regional summit in Phnom Penh.
The leaders will agree that "the negotiations will commence in May 2013 in Brunei... with a view to completing them by 2015," according to the latest draft of the chairman's end-of-meeting statement that was obtained by AFP.
"We looked forward to the broadening and deepening of existing (free trade agreements) and envisioned the RCEP to be a platform for future trade and investment integration in Asia and the rest of the world," the draft stated, which is prepared by senior officials and could be changed.
A senior Southeast Asian trade official told AFP the first round of RCEP negotiations is expected to start on May 9.
RCEP covers ASEAN's 10 member countries -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam -- as well as Australia, China, India, Japan, New Zealand and South Korea.

Monday, April 22, 2013

Myanmar - Reengagement and Reform Support Credit : summary of discussion

epublic of the Union of Myanmar: Reengagement
                                               and
                                      Reform Support Credit

                                   SUMMARY OF DISCUSSION

                              Meeting of the Executive Directors

                                          January 22, 2013


        The Executive Directors approved the credit to the Republic of the Union of Myanmar
for the Myanmar Reengagement and Reform Support Program in the amount of SDR 287.75
million (US$440 million equivalent) on the payment terms and conditions set out in the
President’s Memorandum (IDA/R2012-0300).