20.
THE ASEAN AND EC MINISTEPS ALSO NOTED THE RECOMMENDATIONS FOR JOINT ACTION TO INCREASE EUROPEAN INVESTMENT. IN PARTICULAR, THEY ENDORSED THE RECOMMENDATION FOR THE CREATION, IN EACH ASEAN CAPITAL, OF JOINT INVESTMENT COMMITTEES WHICH COULD CONSTITUTE A VALUABLE MEANS OF PURSUING THE OBJECTIVES AS STATED BY THE HIGH LEVEL WORKING PARTY ON INVESTMENT.
21.
THEY ALSO AGREED ON THE VALUE OF TRAINING AS AN EFFECTIVE LONG-TERM MEANS OF INCREASING INVESTMENT AND UNDERTOOK TO ENCOURAGE THE POSSIBILITIES LISTED IN THE REPORT.
22.
THE EC MINISTERS REITERATED THEIR INTENTION OF
ORGANIZING A SERIES OF EUROPEAN EVENTS IN THE CAPITALS OF THE ASEAN COUNTRIES WITH THE PRIVATE SECTOR ON THE THEME OF THE CITY IN THE YEAR 2000'',
REVIEW OF ASEAN-EC COOPERATION
23.
RECOGNISING THE CONSIDERABLE DEVELOPMENT AND DIVERSIFICATION OF ASEAN-EC TRADE RELATIONS WHICH HAS TAKEN PLACE IN RECENT YEARS AND THE GROWING INTERDEPENDENCE OF THEIR ECONOMIES, THE MINISTERS REITERATED THEIR COMMITMENT TO MAINTAIN OPEN TRADING SYSTEMS AND IMPROVE MARKET ACCESS FURTHER. THEY AGREED THAT THE EC'S GSP SCHEME IS AN EFFECTIVE INSTRUMENT IN EXPANDING TRADE FROM ASEAN TO THE EC AND WELCOMED THE COMMUNITY'S INTENTION TO IMPROVE ITS SCHEME FURTHER.
24.
REAFFIRMING THE IMPORTANCE OF SUSTAINED AND SATISFACTORY PART IFIPATION OF THE COMMUNITY IN ASEAN'S DEVELOPMENT EFFORTS, THE MINISTERS WELCOMED THE PROGRESS MADE IN INTENSIFYING COOPERATION IN AREAS AGREED AT THE ASEAN/EC MINISTERIAL MEETING ON ECONOMIC MATTERS IN BANGKOK, NAMELY HUMAN RESOURCES DEVELOPMENT, SCIENCE AND TECHNOLOGY AND TOURISM. THEY STRESSED THE NEED FOR STRENGTHENING
ASEAN'S OWN TRAINING INSTITUTIONS AND LOOKED FORWARD TO THE EARLY ESTABLISHMENT OF AN ASEAN-EC ENERGY MANAGEMENT TRAINING AND RESEARCH CENTRE INM THE ASEAN REGION. THE ASEAN MINISTEPS EXPRESSED APPRECIATION FOR THE COMMUNITY'S ASSISTANCE TOWARDS THE ESTABLISHMENT OF THE ASEAN-EC TIMBER TECHNOLOGY CENTRE IN KUALA LUMPUR.
ENDS
DONALD LIMITED
SEAD
ECD (E) ECD (P) ECD (I NEWS D
INFO D
SAD
FED
HKD
S AF D
SOV D
EED
UND
SCD
ERD
ECON ADVS
TRED
PLANNING STAFF
PS
PS/MR RENTON PS/MRS CHALKER PS/LADY YOUNG PS/MR EGGAR PS/PUS
MR THOMAS
MR GILLMORE
MR FERGUSSON
MR BRAITHWAITE
MR WILSON
MR RENWICK
MR RATFORD MR SLATER MR MAUD MR REEVE
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