The final meeting of the leaders of countries members of the Association of Southeast Asian Nations (Asean) agreed not to restrict the entry of capital flows into the Asean region, in an attempt to promote an integrated capital market in this region.President Susilo Bambang Yudhoyono said the leaders of ASEAN member countries realized despite the current global economic conditions continued to improve, but not yet fully stable.
"We note that unlicensed condition of [economic] Southeast Asian region continues to improve. However, there remains a risk that appears that rising inflation pressures and the rapid influx of capital flows, "he said in a press conference about the 18th Asean Summit in Jakarta yesterday.
In this regard, the ASEAN countries leaders realize the importance of harmony between each country's macroeconomic policies and regional macroeconomic policies, including financial cooperation.
Operation of Asean Plus 3 Macro Economic Surveillance Regional Office (AMRO), which is based in Singapore urged to take effect immediately. Amro is expected to contribute to improve the coordination of macroeconomic and promote financial cooperation at the regional level. "We are satisfied with the agreed contract Multialteralisation Chiang-Mai Initiative on March 24, 2010," he said.
The president said an important issue that the primary concern of the leaders of ASEAN member countries related to food security and energy. The condition of the world is currently marked spike in food and energy prices. This problem affects the increasing poverty in the world. "During these six months was recorded occurrence of rising food prices and energy. We, the leaders of ASEAN member countries agreed regional cooperation should increasingly dieratkan to deal with this problem, "he said.
With regard to food security, it was agreed that each ASEAN member country based on agriculture will work to improve food production and land productivity . It aims to maintain reserves adequate rice at the regional level.
Declared Head of State also agreed to further improve agricultural research and development cooperation, as well as regional investment. According to President Yudhoyono, cooperation in the food sector is not limited to the 10 members of Asean, but will expand the framework of ASEAN plus 3 which involve Japan, South Korea, and China.
"We note that unlicensed condition of [economic] Southeast Asian region continues to improve. However, there remains a risk that appears that rising inflation pressures and the rapid influx of capital flows, "he said in a press conference about the 18th Asean Summit in Jakarta yesterday.
In this regard, the ASEAN countries leaders realize the importance of harmony between each country's macroeconomic policies and regional macroeconomic policies, including financial cooperation.
Operation of Asean Plus 3 Macro Economic Surveillance Regional Office (AMRO), which is based in Singapore urged to take effect immediately. Amro is expected to contribute to improve the coordination of macroeconomic and promote financial cooperation at the regional level. "We are satisfied with the agreed contract Multialteralisation Chiang-Mai Initiative on March 24, 2010," he said.
The president said an important issue that the primary concern of the leaders of ASEAN member countries related to food security and energy. The condition of the world is currently marked spike in food and energy prices. This problem affects the increasing poverty in the world. "During these six months was recorded occurrence of rising food prices and energy. We, the leaders of ASEAN member countries agreed regional cooperation should increasingly dieratkan to deal with this problem, "he said.
With regard to food security, it was agreed that each ASEAN member country based on agriculture will work to improve food production and land productivity . It aims to maintain reserves adequate rice at the regional level.
Declared Head of State also agreed to further improve agricultural research and development cooperation, as well as regional investment. According to President Yudhoyono, cooperation in the food sector is not limited to the 10 members of Asean, but will expand the framework of ASEAN plus 3 which involve Japan, South Korea, and China.
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