Regional development plans approved at 14th Greater Tumen Initiative meeting

30 Oct 2013

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The 14th Meeting of the Greater Tumen Initiative (GTI) Consultative Commission was held on 30 October 2013. Vice Ministers of GTI member nations gathered in Ulaanbaatar to deliberate on regional cooperation and development strategy in the Northeast Asia region.

The meeting was co-chaired by Mr. Surenjav Purev, Chair of the GTI Consultative Commission and Mongolian Vice Minister of Finance, and Ms. Sezin Sinanoglu, UN Resident Coordinator and UNDP Resident Representative in Mongolia. Mongolian Deputy Prime Minister D. Terbishdagva gave a keynote address at the meeting, stressing Mongolia’s strong efforts in participating in regional economic integration under the GTI.

GTI member countries reaffirmed the significance of GTI in building regional partnership for common prosperity and laid down the strategic direction of the initiative’s transition into an independent entity, expected to be complete by 2016.

The meeting reviewed GTI’s notable progress in partnership development and cooperation in GTI’s priority sectors (transport, trade and investment, tourism, energy, and environment). A number of new transport projects were approved to advance regional connectivity.

GTI member countries acknowledged the strong support provided by international partners and the active engagement of Northeast Asian local governments as well as regional financing institutions for successful implementation of GTI activities:

-  Representatives from the United Nations Development Programme, the United Nations Economic and Social Commission for Asia and the Pacific, the German International Cooperation, the Asian Development Bank and the Eurasian Economic Commission made recommendations on strengthening partnerships and synergy for regional development.

-  The members of the GTI Northeast Asian Local Cooperation Committee expressed their views on the strategy to further promote local cooperation and the coordination with GTI central governments.

-  The four members of the GTI NEA EXIM Banks Association presented their views to utilize the Association as a regional financing platform to support large-scale cooperation projects.

On 31 October, the Northeast Asia Economic Forum was held back-to-back with the Consultative Commission meeting. The Forum aims to facilitate the dialogue on Northeast Asia economic cooperation as well as development needs and opportunities in the region. The forum brought together more than 100 delegates from GTI member governments, business sector, and financing associations.

The next GTI Consultative Commission meeting will be held in China in 2014.