New Concept of Mekong Region Development
(Summary)
1. Three Visions of Japan's Cooperation
- Reinforcing regional integration
- Attaining sustainable economic growth
- Harmonizing with environment
2. Three Expanded Dimensions of Cooperation
Japan aims to expand the dimensions of its cooperation through an integrated approach of economic cooperation and trade-investment facilitation measures.
- Expanding Approaches to the promotion of trade, investment and the exchange of people
- Expanding Actors of collaboration for the Mekong region development
- Expanding Areas of Cooperation to software development assistance
3. Three Pillars of Concrete Actions
1) Enhancing Economic Cooperation
- Japan will enhance its economic cooperation. Japan's cooperation for appropriate projects with effective impact on the regional development is expected to reach approximately 1.5 billion US$ over these three years.
- Japan will send missions for policy dialogue with concerned countries and organisations for more effective cooperation and to specify priority areas of cooperation.
2) Promoting Trade and Investment;
- Japan will promote Japanese enterprises' trade and investment activities in the region and assist nurturing the private sector in the new member countries.
- Japan will support the efforts of the new member countries toward the economic integration.
- Japan will help the countries of the region to develop their own bond markets.
3) Strengthening Consultation and Coordination;
- Japan will further collaborate with ASEAN countries as well as with such international organizations as the ADB.
- Japan will review these cooperations with ASEAN countries on such occasions as the ASEAN+3 meetings, ASEAN-PMC and IDEA.
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