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Peace in Asia 'key to its economic success'

US hopes economic interests can defuse tensions between N-E Asian powers

Published on Feb 6, 2014 8:12 AM
 

While national and security interest have raised tensions in East Asia in recent months, the United States is hoping that economic interests can keep tempers in check.

The State Department's point man for the region, Assistant Secretary of State for East Asia and Pacific Affairs Daniel Russel, yesterday sought to lay out the economic imperatives for a peaceful Asia.

Speaking to reporters in the US capital in his first press conference since last month's visit to Asia, he said the region's unprecedented economic growth was possible only because of the relatively stable geopolitical environment.

With Asia now a key economic power, he said, global markets needed the three North-east Asian economic engines to work together.

 
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Background story

COMPLIANCE WITH INTERNATIONAL LAW

"China should define its claims in a manner that is consistent with conventional international law, including and particularly the UN Law of the Sea. And fundamentally, this means claims derived from recognised land features."

- The US State Department's point man for the region, Assistant Secretary of State for East Asia and Pacific Affairs Daniel Russel