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


Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>


At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>



Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>


Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>


Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news