(MENAFN) Japan's foreign minister declared a USD7 billion initiative to promote development in Southeast Asia's Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows.
In accordance, the crucial initiative will significantly help promote and encourage connectivity within Southeast Asian nations and Japan through funding in infrastructure and development of human resources.
The minister also renewed his call for the establishment of a code of conduct in the South China Sea, where China, Vietnam and the Philippines have rival territorial claims, and that prosperity can only achieved if there is peace.
"Invigorating the flow of goods and people by connecting the region through roads, bridges and railways is indispensable for promoting economic development," stated Japan's foreign minister.
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