World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


UN meeting on Asia-Pacific mulls 2-track approach

UN meeting on Asia-Pacific mulls two-track approach for regional development

A major United Nations meeting on the Asia-Pacific region today discussed a two-track approach to cooperation focusing on both cross-border infrastructure development, such as highways and railways, and infrastructure investment like bonds and a development bank.

Two existing initiatives are already underway - the Asian Highway and the Trans-Asian Railway, a system of new or upgraded roads, track, bridges and tunnels facilitating trade and tourism both within Asia and between Asia and Europe.

The Intergovernmental Agreement on the Asian Highway Network, adopted at the 60th of the session of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) in Shanghai, came into force last July.

The current 62nd session meeting in Jakarta, Indonesia, is expected to adopt the Trans-Asian Railway Agreement tomorrow, its closing day, 12 April. It will open for signature during the Ministerial Conference on Transport to be held in November.

“These two major developments are putting into place the basic building blocks for an integrated international intermodal transport network that will enhance the region’s integration into the world’s economy,” ESCAP Executive Secretary Kim Hak-Su said.

The ministers and high-level officials from over 50 countries agreed that more studies will be done to examine other ideas such as an Asian Bond Fund and strengthening the mandate of Asian Development Bank to give higher priority to infrastructure financing.

Pacific island leaders called for greater support to the sub-region’s development efforts in such areas as employment, sustainable development; economic infrastructure, and trade, investment and tourism.

“Fisheries, a $2 billion a year industry in the Pacific, is one area where the Pacific would like to see higher returns than the 5-8 per cent being received,” President Anote Tong of Kiribati said.

Headquartered in Bangkok, Thailand, ESCAP is the largest of the UN’s five Regional Commissions in terms of population served and area covered. The only inter-governmental forum covering the entire Asia-Pacific region, it aims to promote economic activity and social progress in developing countries throughout the area.

© Scoop Media

World Headlines


Gordon Campbell: Is This Guy The World’s Most Dangerous Thirtysomething?

Saudi Arabia has long been regarded as a pillar of stability in the Middle East, and is the essential caterer to the West’s fossil fuel needs. It is also the country that gave us Osama Bin Laden, al Qaeda, and 15 of the 19 terrorists who carried out the 9/11 attacks... More>>


Non-Binding Postal Vote: Australia Says Yes To Same Sex Marriage

Binoy Kampmark: Out of 150 federal seats, 133 registered affirmative totals in returning their response to the question “Should the law be changed to allow same-sex couples to marry?”. More>>


Bonn Climate Change Conference: Protecting Health In Small Island States

The vision is that, by 2030, all Small Island Developing States will have health systems that are resilient to climate change and countries around the world will be reducing their carbon emissions both to protect the most vulnerable from climate risks and deliver large health benefits in carbon-emitting countries. More>>


Camp Shut Down: Refugees Must Be Rescued From Manus

On 31st October 2017, the detention centre on Manus Island in which the Australian Government has been holding more than 700 refugees was closed, leaving those living there in a desperate situation. More>>



Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>


  • Pacific.Scoop
  • Cafe Pacific
  • PMC