Asia has become the global economic powerhouse: President at Nikkei Forum

25 May 2023 02:11 pm - 18 - {{hitsCtrl.values.hits}}

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In his address at the Nikkei Forum on the Future of Asia in Tokyo, President Ranil Wickremesinghe emphasized that Asia has become the global economic powerhouse and the most dynamic region, with its economy already comparable in size to those of Europe and North America.

President Wickremesinghe highlighted Asia's significance as the world's largest economy, home to 60% of the global population and a major contributor to global growth. He emphasized the region's potential for continued growth, supported by China's recovery, India's domestic demand, and the contributions of advanced economies like Japan and South Korea.

President Wickremesinghe also focused on trade integration, debt sustainability and the risks faced by Asian countries, emphasizing the importance of upholding the rules-based multilateral trading system with the World Trade Organization at its core, rejecting economic coercion and decoupling.

As such, the President underscored three major challenges faced by Asia as democratic values and human rights, climate change, and trade integration.

"It is regrettable that as many as eight of the fifteen countries affected by climate change are from Asia," he added.

Meanwhile, Wickremesinghe emphasized that Asian countries should not be forced to choose between big powers highlighting the economic interdependence between ASEAN countries and China.

President Wickremesinghe, addressing the Nikkei Forum also supported a cooperative approach by Japan and called for open-ended dialogues among Japan, China, India and ASEAN, adding that it is crucial for the emergence of a peaceful and prosperous Asian region.

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Comments - 18

Arthika Osthar Thursday, 25 May 2023 02:53 PM

Ranil giving a talk about economy and development - th biggest joke of the century. LOL!

N.M. Perera Thursday, 25 May 2023 02:57 PM

RW is by far Asia's most astute Leader. Likes of a Singaporean Leader.

Eper Thursday, 25 May 2023 03:11 PM

The 22 million want a better life free of economic hardships ,just society ,health and education security, which is not rocket science for the rulers of this country to supply. All they need is the will to succeed and the sense of honesty and if they object, no one will be able take us of this mess over the next 18 months and the brain drain will continue

Amaran Thursday, 25 May 2023 03:18 PM

And Sri Lanka ruled by Rajapaskas become most POOREST COUNTRY IN THE WORLD.

Laughing also coming Thursday, 25 May 2023 03:28 PM

Asia has become the Global Economic Powerhouse.However Sri Lanka which is in Asia is BANKRUPT and going round the globe with the begging bowl !

Sam Silva Thursday, 25 May 2023 06:10 PM

But not for the politicians and our leader.

Ceylonese Thursday, 25 May 2023 05:26 PM

What is Sri Lanka's contribution to Asia's so called economic powerhuse? Almost nil. Since gaining independence 75 years ago from British rule Sri Lanka has hardly changed. In fact is worse off and is still dependent on foreign loans and foreign aid to survive from countries like Australia USA Canada India Britain and China.

Bernard Jayatilake Thursday, 25 May 2023 05:41 PM

Asia has become a powerhouse due to some strong economies like China, India, South Korea and Japan only and Sri Lanka is at the bottom but after presentig a rosy picture after the IMF deal, the current ruler is on a failed mission abroad to bail out the country by including it as a member of the powerhouse in Asia.

Tissa Fernando Thursday, 25 May 2023 06:23 PM

Sri lanka is no longer part of Asia, it is a part of Africa.

Kasun Charitha Thursday, 25 May 2023 07:06 PM

The generator of the wold powerhouse (sL) has become the 11th miserable ccountry in the word.

ROSH Thursday, 25 May 2023 07:40 PM

Well I know he is very powerful of master debating activities in his double bedroom. If you ask Japanese prime minister will tell you. How powerful he is in his double bedroom

Giant China Thursday, 25 May 2023 08:04 PM

After China initiated a development project in ASIA is the undeniable truth.

roni Thursday, 25 May 2023 11:10 PM

Sri Lanka is the WONDER OF ASIA. No parrel one in which you can enter with a forged passport saying you are coming for investment. You can smuggle precious metals and get releases by a fine and continue as if nothing has happened. Hence jungle law applies.

Kishan Dissanayake Friday, 26 May 2023 04:43 AM

Sri Lanka is the prime example. :P

NAGA Friday, 26 May 2023 06:33 AM

IT IS EASY TO ADVISE.

Perera GLJ Friday, 26 May 2023 11:03 AM

His excellancy is also capable of delivering profound speeches like his uncle did in San Francisco. This country actually would have been a better place had he won the presidential election in 1999.

Punchi Friday, 26 May 2023 05:01 PM

Ranil is the president of the most developed and prosperous country in Asia. He is an authority on development and can educate other Asian countries on the Sri Lankan model of successful development

Jayalalitha Thummodara Friday, 26 May 2023 05:06 PM

First get rid of your thieves and thuds from the parliament!! Shamelessly talking to foreigners!!

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Asia has become the global economic powerhouse: President at Nikkei Forum

Comments - 18

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