Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - ASEAN can make rapid recovery, says WTO

ASEAN can make rapid recovery, says WTO

ASEAN can make rapid recovery, says WTO


THE head of the World Trade Organisation said Thursday that ASEAN nations would be among the first to recover from the economic crisis so long as they avoided protectionism.

Speaking at the launch of a regional trade conference in Siem Reap, Pascal Lamy said the open nature of ASEAN economies had made them more vulnerable to global economic volatility, but he argued that those same policies had allowed many of them to grow "more rapidly and with better development results" than closed economies. "This region will exit this crisis more rapidly" in part because of the export-led growth model, he said.

The two-day Aid for Trade conference in Siem Reap was designed to bring together government, private sector and donor representatives to formulate trade policy recommendations that will be presented at a global review of the Aid for Trade initiative, to be held July 6-7 in Geneva.

Launched in 2005, the initiative aims to help developing countries implement WTO agreements and expand trade.

Asian Development Bank President Haruhiko Kuroda echoed Lamy's description of ASEAN's recovery prospects while warning against protectionist impulses. "To counter this protectionism, it would be good for ASEAN to reaffirm its commitment to free trade and regional cooperation," he said.

Beforehand, Commerce Minister Cham Prasidh described Aid for Trade as "one of few remedies available for least-developed countries".


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australian police investigating death threat against Kem Ley's widow

    Updated: 10:17am, Friday March 23, 2018 Australian authorities on Thursday confirmed they have launched an investigation into a crudely written death threat sent tothe family of slain political analyst Kem Ley and Victoria state MP Hong Lim. The typed letter, reported to Victoria police last week, is

  • Apparel groups including H&M and Gap urge Cambodia garment industry reform, seek meeting with Hun Sen

    A group representing some of the largest apparel brands in the US and Europe – including Gap, H&M and ASOS – expressed “growing concern” on Tuesday over several controversial labour laws and ongoing court cases against unionists described as restrictive and unjust. In an open letter

  • Hun Sen says Montagnards don’t exist in Cambodia

    Prime Minister Hun Sen once again attacked ex-opposition leader Sam Rainsy for pledging “autonomy” to Montagnards, claiming – seemingly incorrectly – the ethnic minority does not exist in Cambodia. “We respect all minorities such as Jarai, Steang, Phnong, but we have never had Montagnards,” the premier said