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Japan announces $7 billion plan to develop Mekong region

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Japan announces $7 billion plan to develop Mekong region
TASSANEE VEJPONGSA, Associated Press

BANGKOK (AP) — Japan's foreign minister announced a $7 billion initiative Monday to promote development in Southeast Asia's Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows.

In a speech at Chulalongkorn University in Bangkok, Fumio Kishida affirmed the importance of Southeast Asia's economic prosperity to Japan. He pledged 750 billion yen ($7 billion) in funding over the next three years to support development and growth in the region.

The initiative will help promote "connectivity" within Southeast Asian countries and Japan through funding in infrastructure and development of human resources. Thailand has become a key manufacturing and export hub for Japanese manufacturers such as Toyota and Honda.

"Invigorating the flow of goods and people by connecting the region through roads, bridges and railways is indispensable for promoting economic development," he said, adding that Japan's cooperation will go beyond just building infrastructure.

Over the next three years, "we will make use of funds amounting to 750 billion yen toward cooperation with the Mekong region," Kishida said. Specific details have not been announced but he said Japan would like to work together with the Mekong countries to create a framework to support the various efforts, including regional issues and theme-oriented support, in a detailed manner.

"I am expecting the day when, as a result of these efforts, I can depart from Bangkok eastward in the morning and arrive in Ho Chi Minh City at night and enjoy pho for dinner," he said.

Kishida also renewed his call for the establishment of a code of conduct in the South China Sea, where China, Vietnam, the Philippines and others have competing territorial claims, and that prosperity can only achieved if there is peace and stability in the region.

"In this region, there are issues of terrorism, extremism, and ensuring maritime safety and security," he said. "There are multitudes of issues now facing our ASEAN partners. We need to face these issues together, and maintain stability in this region. What is necessary is respect for diversity, and what is fundamental for that is the rule of law."

Referring to Thailand's current political situation and its military government, Kishida said he hoped that the people of Thailand will overcome the current difficult challenges and "play more active role in the region and international community."

The visit to Thailand is part of his regional tour that includes stops in China, Myanmar, Laos and Vietnam.

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-- (c) Associated Press 2016-05-03

A Push back against China's

investment in the region,

lower wages will make for interesting

manufacturing moves to which country,?

when the election is played out in Thailand.

Thailand is being chopped up and sold to the highest bidder. Some people are getting very rich off these deals. If the current climate is one of patriotism and nationalistic ideals why hasn't local companies been given the chance to improve Thailand's infrastructure and transportation?

Money number 1.

If only the money actually goes into developing the region instead of lining the pockets of corrupt individuals and companies.

I think the Japanese are smart enough re Asian corruption to make sure most of the money goes where they want it, It will be altruism with a side bet of pay-off for Japan, and yes it is a deliberate push back against China's encroachment. Japan's economy cannot easily afford this sort of foreign aid, but at the same time cannot afford not to On the whole I can only see good in it for Thailand and SEA generally. And, as it is tagged for the next 3 years we should all be able to see it work, (even us old fellas.)

Rather Japan than China, they aren't as keen to rape the environment.

Did he forget Cambodia? And how is that kind of money to be balanced in spending between nurturing the food supply that the Mekong provides and the insatiable demand for electricity?

Oh PS that goes some way to explain the soaring land prices in the Mekong provinces. Couldn't be that someone had "advance information" could it?

Edited by laolover88

I wonder if this deal comes with strings attached. The Chinese are masters at that.

China is attempting to buy SE Asia, Japan is putting in a competing bid, primarily to keep China from succeeding.

It's not ideal either way, but I'd rather see Japan win. At least they're not drying up the Mekong with damns, deforesting the land by purchasing illegal lumber, and claiming the entire South China Sea as their own private pond. At least not yet.

Thailand is being chopped up and sold to the highest bidder. Some people are getting very rich off these deals. If the current climate is one of patriotism and nationalistic ideals why hasn't local companies been given the chance to improve Thailand's infrastructure and transportation?

Money number 1.

Well which local is going to invest this type in money and how much will go to corruption. Japan is investing their own money in Thailand, He pledged 750 billion yen ($7 billion) in funding over the next three years to support development and growth in the region................ Ow yea there will be a price tag on that for sure. .............. Japanese living on the Thai Rivera....... With a Casino on the banks of the Mekong river......... Something to look forward to in the near future.

Rather Japan than China, they aren't as keen to rape the environment.

Maybe not this time around...China is going through it "colonial expansion" quite like a few western nations not so many years ago who didnt give a toss about the enviroment either, they aquired or raped their wealth and now preach to others about damaging the enviroment

I wonder if this deal comes with strings attached. The Chinese are masters at that.

The Japanese are not as ruthless as the Chinese, from what I've observed. Just look at the number of legitimate charitable work and funding they do around the world.

The Chinese seem more concerned with how many large prawns they can stuff on their plates.

I wonder if this deal comes with strings attached. The Chinese are masters at that.

The Japanese are not as ruthless as the Chinese, from what I've observed. Just look at the number of legitimate charitable work and funding they do around the world.

The Chinese seem more concerned with how many large prawns they can stuff on their plates.

Well i have worked with both nationalites and the Japanese are far more "ruthless" and "cunning" than the Chinese, the Chinese are naive in a lot of respects and dont know how to play "the game" as well as the Japanese

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