The nation is ready for dialogue with the European Union to improve communication on aspects of global economic governance and macro policy coordination, its finance minister told key bloc officials in Bangkok.
Finance Minister Lan Foan made the remarks in a meeting yesterday with Valdis Dombrovskis, the EU economy and productivity commissioner, Christine Lagarde, the president of the European Central Bank and Kyriakos Pierrakakis, the Eurogroup president.
Global imbalance was a “complex economic structural issue” that was increasingly influenced by non-economic factors such as geopolitics and protectionism, Lan said, according to a statement from his ministry.
“All parties should view imbalances comprehensively, objectively,” Lan added, urging open cooperation and coordination of macroeconomic policies, it said.
Yesterday’s meeting comes a week after a deal struck by China and the EU to limit Chinese exports of hybrid cars to the bloc.
The EU seeks to shrink its trade deficit with China that ballooned to €360bil (RM1.6 trillion) in 2025. — Reuters
