Finance ministers meet

Wed, 29 Jan 1997 | Source: REUTERS

BANGKOK (Reuter): Finance ministers from the Association of Southeast Asian Nations (ASEAN) will hold their first official meeting next March in the Thai resort of Phuket, Thailand's Finance Ministry said yesterday.

A ministry official said major issues such as measures to develop money and capital markets, liberalization of money markets and tax and customs cooperation would be discussed at the meeting on March 1.

ASEAN finance ministers were also scheduled to sign memoranda of understanding on ASEAN Cooperation in Finance and an ASEAN Agreement on Customs during the meeting.

Finance ministers from ASEAN met unofficially during the Asia- Pacific Economic Cooperation (APEC) summit last November in Manila and during an annual meeting of the Asian Development Bank in April.

Senior finance officials from ASEAN would meet ahead of the ministers on Feb. 28, the official said. ASEAN groups Brunei, Indonesia, Malaysia, the Philippines, Singapore, Vietnam and Thailand.

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