Southeast Asia to gain if India-China energy partnership succeeds

Oct 02, 2005 02:00 AM

Southeast Asia stands to gain if regional powerhouses India and China succeed in jointly securing long-term energy supplies to fuel their fast-growing economies, analysts said.
The two former rivals are now key trading partners of Southeast Asia and if they can work together to ensure their energy needs are met, it will mean a continuation of the sizzling growth that has benefited the region, they said.

"We in Southeast Asia would certainly like to see the continuous growth in China and India," said Rodolfo Severino, the former secretary-general of the 10-member Association of Southeast Asian Nations.
"If they are able to resolve their concerns over energy, then that means their rapid growth will continue, which is good for the region," he told.

China and India plan to sign pacts in November aimed at teaming up to bid for oil and gas projects, the latest signal yet that ties are improving after a history of hostility which saw the neighbours fight a brief border war in 1962.

Source: AFP
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