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Singapore Minister promotes economic co-operation in Asia-Pacific

A Singaporean Government minister has stressed the importance of closer economic co-operation amongst Asia-Pacific countries as the region comes to terms with the effects of September 11th and the global economic slowdown.

Addressing a Sydney conference on economic and social issues facing the Asia-Pacific region, Singapore's Environment Minister Lim Swee Say said stronger ties between the region's economies are essential and the way forward.

Mr Lim says the changes taking place globally reveal a need for freer and open trade in the Asia-Pacific region.

"As a region the Asia Pacific economies have to speed up the pace of market integration to augment our global competitive edge, given developments such as the proposed free trade of the Americas and the immindent eastward expansion of the EU."

16/03/2002 21:24:32 | ABC Radio Australia News

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