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AN EARLY RESULT ON
ASEAN MINISTERS EXPRESSED THE HOPE THAT TROPICAL PRODUCTS COULD BE ACHIEVED BY THE TIME OF THE MID-TERM REVIEW.
16. COMMODITIES
THE MINISTERS EXPRESSED CONCERN OVER THE INSTABILITY IN PRICES AND EXPORT EARNINGS OF THE DEVELOPING COUNTRIES. STRESSED THE NEED FOR INTERNATIONAL CO-OPERATION TO DEAL EFFECTIVELY WITH COMMODITY PROBLEMS.
COMMODITY
THEY
·
BRING ABOUT
TO STRENGTHEN MUTUAL CO-OPERATION, THE MINISTERS AGREED TO EXERT CONCERTED EFFORTS IN BILATERAL AS WELL AS MULTILATERAL FORA,
THOSE ASEAN COUNTRIES TOWARDS FINDING WAYS AND MEANS IN WHICH HEAVILY DEPENDENT ON THE COMMODITY SECTOR COULD
THE GROWTH DIVERSIFICATION AND EXPANSION OF COMMODITY TRADE. MINISTERS WELCOMED THE SUCCESSFUL OUTCOME OF THE NEGOTIATION FOR
ASEAN THE RENEWAL OF THE INTERNATIONAL NATURAL RUBBER AGREEMENT. MINISTERS EXPRESSED THE NECESSITY OF RATIFYING THE AGREEMENT SO THAT IT COULD ENTER INTO FORCE BY JANUARY 1989 AS SCEDULED.
FUND THE MINISTERS NOTED THE INCREASED PROSPECTS OF THE COMMON ENTERING INTO FORCE AND EXPRESSED THEIR HOPE THAT IT WOULD MAKE A
IN THIS CONNECTION, USEFUL CONTRIBUTION IN THE COMMODITY FIELD. MINISTERS NOTED THAT THERE ARE A NUMBER OF MATTERS PERTAINING
EXAMINATION. THE IMPLEMENTATION OF THE FUND WHICH NEED THE ASEAN MINISTERS REEMPHASISED THE IMPORTANCE OF VEGETABLE OILS AND FATS PRODUCTS FOR THE DEVELOPMENT OF THEIR ECONOMIES AND STRESSED THE NEED FOR FURTHER EXPANSION OF THEIR EXPORTS TO THE WORLD MARKET INCLUDING THE EEC.
17. EC/ASEAN ECONOMIC COOPERATION
TO
THE MINISTERS NOTED WITH SATISFACTION THE INCREASING SCOPE OF ACTIVITIES BEING CARRIED IN THE FRAMEWORK OF THEIR BILATERAL RELATIONS RESULTING FROM THE NEW PRIORITIES AND DIRECTIONS AGREED AT THE BANGKOK MINISTERIAL MEETING ON ECONOMIC MATTERS IN OCTOBER, 1985 AND THE 6TH EC/ASEAN MINISTERIAL MEETING IN JAKARTA IN OCTOBER, 1986.
COMMERCIAL AND
WHILE RECOGNISING THAT THE CO-OPERATION BETWEEN ASEAN AND THE EC HAS MADE PROGRESS, THE MINISTERS BELIEVED THAT THE PRESENT ACTIVITIES CAN BE FURTHER ENHANCED IN THE YEARS AHEAD PARTICULARLY WITH REGARD TO THE COOPERATION IN ECONOMIC FIELDS. IN IMPROVING ASEAN/EC ECONOMIC AND TRADE RELATIONS, THE MINISTERS RECOGNISED THE IMPORTANT ROLE THE PRIVATE SECTOR AND AGREED TO ENCOURAGE PRIVATE PARTICIPATION IN ASEAN/EC ECONOMIC COOPERATION.
TRADE
PLAYED BY
SECTOR
THE MINISTERS RECOGNISED THAT THERE WAS STILL A NEED FOR MORE INTENSIFIED EFFORTS TO IMPROVE MARKET ACCESS AND ELIMINATE TRADE
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