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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Apr 18, 1968
Page
5
The Economic Development Asia conference focused on trade and capital flow as a global issue. Minister for External Affairs Hasluck or Hauck led the host delegation and was unanimously elected chairperson to steer discussions.
In his address Masluck argues world acini problems resist solvable by developing countries and advocates expanding private and international capital flows. He warns that current global monetary system flaws hurt timing and aid, risking obstruction of economic progress in developing nations.
Taiwan plans a double stipulation agreement and reciprocal air rights during discussions with Australia led by Minister Kwob ling Ti. The talks aim to boost trade, potentially mirroring gains from a similar Japan Australia accord, and could involve substantial Taiwan loan and aviation cooperation. Australia seeks benefits including tax arrangements and tech cooperation with CSERO and Africa-linked partners.
The United Nations Development Programme plans to boost technical assistance funding by about US$2 million, raising total UNDP support to US$127 million. The proposal, submitted for approval, aims to accelerate development work in lower Mekong region and other beneficiary countries, with allocations from the 1969 programme.
Pierre-Albert Charpentier led the French delegation at ECAFE and said France joining the Asian Development Bank was not important. He noted that several EU states subscribe without ECAPE membership. France intends to provide aid to Indonesia, including experts, amid regional efforts.
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