What I wish to emphasize today is that major changes have taken place in the international scene during the last one year which necessitates our taking a closer look at the record and relevance of the Asian Clearing Union in relation to fast changing global environment.
In the rapidly changing environment, in which regional grouping is becoming a vehicle for trade promotion and economic co-operation, the Asian Clearing Union should revisit its charter, examine its relevance and find ways to expand the intra-regional trade and economic co-operation in a multilateral context.