A gathering of Chinese Businessmen from the non-communist Association of South East Asian Nations opened on Monday (15 May) in Manila, a 4 day conference to explore ways of increasing trade within the five member grouping.
A gathering of Chinese Businessmen from the non-communist Association of South East Asian Nations opened on Monday (15 May) in Manila, a 4 day conference to explore ways of increasing trade within the five member grouping. Its the first such meeting of ASEAN Chinese traders who comprise a significant part of the ASEAN populations.
SYNOPSIS: About seven hundred participants are attending the symposium which is being hosted by the Federation of Filipino-Chinese Chambers of Commerce and Industry.
The Conference is to tackle a wide range of intra-ASEAN problems and explore new possibilities for trade and investment.
The President of the host organisation Mr. Leonard Ty, said the meeting will serve as a forum, where Asian businessmen an explore areas of cooperation at all levels and mobilise them in a common effort towards the development of the economy. (SEQ 1-3)
Philippines Trade Secretary Traodio Quiazon told delegates at the opening session, that ASEAN had within its fold, traders of Chinese descent who inherited a tradition of leadership and entrepreneurial experience. He said that the first lessons in commercial contact and transactions have been learned from our Chinese compatriots and they continue to provide that leadership in the commercial field. (SEQ 4)
Nearly ten million people of Chinese descent are now estimated to be living in the ASEAN countries. Half a million of them make their homes in the Philippines, where until recently, they have had to endure restrictive judgements of the law.
In 1954 they were barred from retail trade and in 1961 were barred from the rice and corn trade. But despite the restrictions, the Chinese community in the Philippines is now recognised as an important factor in the country's current economic upsurge. (SEQ 5)