22-7-75

Asean Chambers of Commerce and Industry hold 2nd Conference

Delegates from Malaysia, Thailand, the Philippines, Singapore and Indonesia participated in the 2nd conference" of Asea Chambers of Commerce and Industry held in Kuala Lumpur on July 19 and 20.

The Malaysian Chamber of Commerce and Industry President Razaleigh Hamzah who is the chairman of the conference stressed that in their dealing with developed countries, the Asean countries have been getting the worst of it. While producers' prices have been going up and down, prices of manufactured goods from developed countries have risen inexorably. Therefore, he said, the Asean countries should be united and adopt a unanimous policy to control their natural resources to ensure reasonable prices. He pointed out that the immediate objective of the five nation Association of South-East Asian nations should be the formation of an Asean free trade area leading ultimately to the creation of an Asean common market.