Recently, Mr.Wirat Wattanasiritham, Secretary-General of NESDB, together with the executives and NESDB's officers, greeted Canadian Ambassador to Thailand, H.E. Bernard Giroux, on the occasion of his visit to NESDB office.
Following the greeting ceremoney, his excellency provided a briefing on "Outline of Canada's policy against the Asian Crisis" to NESDB. Canada has maintained good relationship with Asia-Pacific countries for a long time in the aspects of economy, politic, social and culture, especially economic co-operation under Asia-Pacific Economic Co-operation: APEC.
APEC, added the Canadian Ambassador, serves as a venue for the countries located on both sides of the Pacific rims to strengthen mutual economic cooperation. The last APEC summit was held in Vancouver last November. At the meeting, all member countries realized the Asian economic outbreak, and unanimously agreed to promote APEC as a main forum to tackle problems currently facing most Asian economies.
As for Canada, His Excellency Bernard Giroux disclosed that the Canadian Goverment has provided financial assistance for Thailand of US$500 million via the International Monetary Fund (IMF). The Canadian Government is confident that the Thai government would successfully carry out measures to remedy the national economic problems. Moreover, Canada now cooperates with leading industrialized states, or G-8, to improve supervisory rules and regulations for international financial transactions so as to ensure greater efficiency and transparency. Canadian investment in Thailand is still doing fine, he added. Since the outbreak of economic crisis, none of the Canadian companies in Thailand has shut down their operations.
Finally, H.E. Bernard Giroux said that the crisis broke out in Asia a year ago, and then spread out to other parts of the world very repidly because all countries have been closely connected by the globalization process. They have now encountered adverse effects similar to the Asian friends. Cooperation of all countries, at both multi-and bi-lateral fora, would be extremely important for remedy adverse effects as a result of the crisis.
--Development News Bulletin, National Economic and Social Development Board, Volume 13, No.6 : June 1998--
Following the greeting ceremoney, his excellency provided a briefing on "Outline of Canada's policy against the Asian Crisis" to NESDB. Canada has maintained good relationship with Asia-Pacific countries for a long time in the aspects of economy, politic, social and culture, especially economic co-operation under Asia-Pacific Economic Co-operation: APEC.
APEC, added the Canadian Ambassador, serves as a venue for the countries located on both sides of the Pacific rims to strengthen mutual economic cooperation. The last APEC summit was held in Vancouver last November. At the meeting, all member countries realized the Asian economic outbreak, and unanimously agreed to promote APEC as a main forum to tackle problems currently facing most Asian economies.
As for Canada, His Excellency Bernard Giroux disclosed that the Canadian Goverment has provided financial assistance for Thailand of US$500 million via the International Monetary Fund (IMF). The Canadian Government is confident that the Thai government would successfully carry out measures to remedy the national economic problems. Moreover, Canada now cooperates with leading industrialized states, or G-8, to improve supervisory rules and regulations for international financial transactions so as to ensure greater efficiency and transparency. Canadian investment in Thailand is still doing fine, he added. Since the outbreak of economic crisis, none of the Canadian companies in Thailand has shut down their operations.
Finally, H.E. Bernard Giroux said that the crisis broke out in Asia a year ago, and then spread out to other parts of the world very repidly because all countries have been closely connected by the globalization process. They have now encountered adverse effects similar to the Asian friends. Cooperation of all countries, at both multi-and bi-lateral fora, would be extremely important for remedy adverse effects as a result of the crisis.
--Development News Bulletin, National Economic and Social Development Board, Volume 13, No.6 : June 1998--