Indonesia expected to enhance its role in ASEAN for national economic interests

Indonesia’s Foreign Minister Marty Natalegawa said the country should enhance its role in ASEAN for national economic benefits ahead of its chairmanship of the group in Y 2013, it was reported today.

Minister Marty said Jakarta must to translate political closeness with friendly partners into economic cooperation that would benefit people on both sides. “The global financial crisis teaches us a valuable lesson of not depending only on traditional markets,” he said.

He also said that the country should also secure its political interests in the East Asia and Pacific region through the new regional architecture initiatives floated by Japan and Australia.

The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. —Paul A. Ebeling, Jnr. www.livetradingnews.com

THE HOT LIST

Ebeling Heffernan Strong Buy on Molycorp Inc MCP