• Short Summary

    The five countries of the Association of Southeast Asian Nations (ASEAN) on Sunday (7 May) opened the first Asean Trade Fair in Manila to break away from the image of being merely suppliers of raw materials.

  • Description

    The five countries of the Association of Southeast Asian Nations (ASEAN) on Sunday (7 May) opened the first Asean Trade Fair in Manila to break away from the image of being merely suppliers of raw materials.

    In the opening of the first Asean Trade Fair '78, Foreign secretary Carlos romulo read the speech of President Ferdinand Marcos and called the ASEAN will have to speedily develop trade among its five members to absorb the effects of international protectionism.

    He said the private sector in particular will have to ensure that products are competitive and search aggressively for new markets in non-traditional areas. In this situation, private sector participation was all important.

    The fair which will run till May 21, displayed manufactured goods in the category of non-traditional exports from the five nations - Singapore, Malaysia, Indonesia, thailand and the Philippines.

    Organisers have said they expect some 250,000 visitors from Europe, North America, Japan, austria and the Middle East.

    During the two-week fair, some 300 exhibitors from the five countries are displaying machinery, bicycles, processed foods, precision instruments, television and radio sets, electronic components, household and bathroom ware and large variety of other products.

    The display is part of a concerted drive to create a focal point for Asean's efforts to increase economic co-operation in the region and to gain a bigger share of the export market for manufactured goods presently nominated by Taiwan, South Korea, Japan and Hongkong.

  • Tags

  • Data

    Film ID:
    VLVA4PKWBNN1WR756E8CGXABBGLY
    Media URN:
    VLVA4PKWBNN1WR756E8CGXABBGLY
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    08/05/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:28:00
    Time in/Out:
    /
    Canister:
    N/A

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