US President announces economic package for Southeast Asia

14:08 | 18/02/2016 Global Economy

US President Barack Obama on Tuesday announced a package of measures designed to boost South-East Asian economies, betting that the fast-growing region can become an ever more important trade partner.

US President announces economic package for Southeast Asia

US President Barack Obama

Speaking on the sidelines of the ASEAN-US summit in California, a White House official said the plan will establish three economic offices - in Jakarta, Bangkok and Singapore - "to better coordinate economic engagement and connect more of the entrepreneurs, investors and businesses with each other."

The new "US-ASEAN Connect" package will include technical advice on how countries like Indonesia and the Philippines can prepare to join the Trans-Pacific Partnership. Other measures will focus on improving trade ties in the communications and infrastructure sectors among others, and streamlining current government programs./.


Source: VOV5