Asian -African Summit in Jakarta: next step toward economic globalization

Leaders from Asia and Africa say both continents need to push for mutually beneficial globalization. They say it can be done through closer economic ties and trade between the two continents. The leaders made the comments a day ahead of the opening of the Asian-African Summit in Jakarta.

Leaders from Asia and Africa stressed the need for both continents to fully partake of the benefits of &to=http:// ' target=_blank>globalization by pushing for closer economic ties and trade between the two continents. More than 40 heads of state from both continents have traveled to Jakarta to participate in the Asian-African Summit that begins Friday. Indonesian president &to=http:// ' target=_blank>Susilo Bambang Yudhoyono told heads of state at a business conference being held a day before the summit the countries of both continents need to band together for economic strength, publishes VOA News.

Leaders may call on the U.S. and Europe to end farm subsidies and ease labor restrictions before World Trade Organization talks in December to help foster a more balanced global system. Asian and African countries want a bigger share of the world's trade, which is dominated by the U.S. with a 12.4 percent share of the world's export market.

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