Updated: 11/07/2012 07:41

Leaders pledge to deepen engagement to address global economic slowdown



Leaders pledge to deepen engagement to address global economic slowdown


The Asia-Europe Meeting has wrapped up in Vientiane, with leaders pledging to deepen economic engagement to address the global economic slowdown. 

Speaking to the Singapore media, Prime Minister Lee Hsien Loong said there were different viewpoints about where the global economy is headed. 

And the Europeans, he said, feel the worst of the debt crisis is over. 

Having called 2012 the European Year in Asia, European economies are pursuing an ambitious trade agenda with its partners. 

On Singapore's part, Mr Lee used the opportunity to lobby for a quick ratification of the EU-Singapore Free Trade Agreement, which is expected to be concluded by year's end.
When ready, the trade deal will be the first between the EU and an ASEAN economy. 

Mr Lee said the meeting was a good platform for both regions, which account for about half the world's GDP, to exchange views.

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