MANILA, PHILIPPINES – Ministers from the six countries of the Greater Mekong Subregion (GMS) are holding a 16th Ministerial Meeting in Ha Noi, Viet Nam on 20 August 2010 to discuss a new 10-year (2012-2022) framework for regional cooperation.
The representatives from Cambodia, People’s Republic of China, Lao People’s Democratic Republic, Myanmar, Thailand, and Viet Nam, along with officials from the Asian Development Bank (ADB) are also expected to endorse a plan of action to improve transport and trade facilitation which could help bolster economic growth in the wake of the global financial crisis. The meeting is centered on the theme: “GMS in the Next Decade: New Frontiers of Cooperation.”
Since 1992, the six GMS countries have participated in a comprehensive program of economic cooperation covering transport, energy, telecommunications, human resource development, environment and natural resources management, trade facilitation, private investment, tourism, and agriculture with the support of ADB and other development partners.
ADB promotes regional cooperation in Asia and the Pacific to help developing countries address regional challenges and opportunities through collective actions. Such multi-country economic development efforts contribute to increased trade and investment and overall economic growth, while also improving regional stability.