Saturday, January 5, 2008

Chinesepod - Globalization both opportunity, and challenge: PM

CHINA / National

Globalization both opportunity, and challenge: PM
(Xinhua)
Updated: 2006-09-12 07:05

Chinese Premier Wen Jiabao said in Helsinki on Monday that globalization
not only brought valuable opportunities, but also caused great challenges
for Asian and European countries.

Addressing the closing ceremony of the Asia-Europe Meeting (ASEM) summit,
the Chinese Premier said Asia and European countries should strengthen
their coordination and cooperation to raise their competitiveness and
ability to prevent risks.

He said the developed countries should help the developing countries with
debt-relief, finance, technology and aid, to increase their ability to
face the wave of globalization.

He urged Asian and European countries to build transparent, reasonable
and open multilateral trade systems.

He said the developed countries should show the political will and more
flexibility in reducing agricultural compensation and tariffs, to pave
the way for resuming the Doha world trade talks under the World Trade
Organization.

Wen said that the ASEM members should strengthen their coordination in
their fiscal policy and regional monetary cooperation to promote an
orderly flow of international funds and improve the investment
environment.

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