India, China, Two Reasons for Economic Integration
Tenth ASEAN Summit 
ASEAN Takes a Step Closer to Economic Integration 
Tenth ASEAN Summit Opens in Vientiane 
Eighth ASEAN+3 Summit
India, ASEAN to set up RTIA
Third India ASEAN Summit
Assembly of Asian Parliaments for Peace
China, Japan, S. Korea Adopt Strategy on Cooperation
Malaysian PM hails ASEAN Cooperation with Partners Outside Region
ASEAN-ROK Free Trade Area to be Established with in 10 Years 
ASEAN Meets in Laos
South Asian Commerce Ministers Meet for Expanding Regional Trade
Indian Prime Minister's Speech at the India-ASEAN Car Rally 
India ASEAN Car Rally Opens
Economic Integration, Thailand, Myanmar to Dominate ASEAN Summit
Tenth ASEAN Summit to Bolster International, Regional Cooperation
Enhanced Cultural Cooperation in Asia to Bring Social Harmony, Economic Development
BIMP-EAGA, Northern Territory Forge Cooperation in 7 Areas
Meet on Asian Economic Integration in Tokyo
Ha Noi Hosts Asian Bankers’ Conference
Asian Banks Want Better Regional Integration

 

 

 

 

 

 

 

 

 

 

 

 

 

India, China, Two Reasons for Economic Integration

Meidyatama Suryodiningrat
The Jakarta Post
November 29, 2004 

"A country where property rights are absent, trade policies are highly restrictive and corruption is rampant, is unlikely to enjoy rapid economic growth."

He cited two simple reasons for the need for greater economic integration: India and China. Calling China "a magnet for foreign investors" and "unbeatable as a manufacturing outlet," Susilo said he remained confident Southeast Asia could still stake a claim in the shrinking investment pie.

"Businesses seek to reduce risk, and investing too much in one location increases those risks. We have to take advantage of their strategy of diversification," he said.

Click here to read further:   http://www.thejakartapost.com (Archives) 

Please Note: Access to The Jakarta Post Archives is Registration based. Registration is currently free. 

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Tenth ASEAN Summit 

Chairman's Statement 
ASEAN Secretariat 
November 29-30, 2004 

ASEAN Leaders today held a very productive meeting under the Theme “Advancing a Secure and Dynamic ASEAN Family through Greater Solidarity, Economic Integration and Social Progress”.

We took note of the convening of this Summit at a time when our region is being confronted with fundamental changes in the regional and international scene such as the recent terrorist attacks, the hike in oil prices, the spread of avian flu, etc. In responding to those challenges, we stressed the importance of a higher degree of coherence of efforts to achieve the objectives of ASEAN Vision 2020.

Click here to read further: http://www.aseansec.org/16631.htm

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Eighth ASEAN+3 Summit 

Chairman's Statement
ASEAN Secratariat
November 29, 2004 

The ASEAN +3 Summit was held successfully on 29 November 2004 in Vientiane . The Meeting was chaired by H.E. Mr. Bounnhang Vorachith, Prime Minister of the Lao People’s Democratic Republic (Lao PDR), and was attended by Heads of State/Government of ASEAN , China , Japan and the Republic of Korea . It was the first time that the Lao PDR was privileged of hosting and chairing this important Summit.

Click here to read further: http://www.aseansec.org/16847.htm

 

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ASEAN Takes a Step Closer to Economic Integration 

Channel News Asia
November 29, 2004 

Southeast Asian countries at a summit here have signed an agreement that will move them a step closer to creating a European-style single market amid rising competition from neighbours China and India.
Association of Southeast Asian Nations (ASEAN) economic ministers inked the pact which calls for tariffs to be abolished by 2007 for the group's more developed members -- Brunei, Malaysia, Indonesia, the Philippines, Singapore and Thailand.

The leaders were to meet on Tuesday with their counterparts from China, Japan, South Korea and India for discussions on a web of bilateral free-trade agreements they hope could lead to a broader economic bloc.

The three Northeast Asian countries met separately here Monday, with Chinese Prime Minister Wen Jiabao calling for increased cooperation.

Click here to read further: http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/119635/1/.html

 

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Tenth ASEAN Summit Opens in Vientiane

People's Daily Online
November 29, 3004

The 10th ASEAN Summit opened Monday under the theme of "Advancing a Secure and Dynamic ASEAN Family through Greater Solidarity, Economic Integration and Social Progress."

Bounnhang Vorachith, chairman of the 10th ASEAN (the Association of Southeast Nations) Summit and Lao prime minister said at the opening ceremony that the summit will achieve great success and mark an important milestone toward its goal of a secure and dynamic family.

He said the finalization of the Plan of Action on the ASEAN Security Community and Plan of Action on the ASEAN Socio-Cultural Community, to be jointly signed by the leaders at the end of the on-going summit, constitutes a significant achievement.

Click here to read further: http://english.people.com.cn/200411/29/eng20041129_165489.html

 

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India, ASEAN to set up RTIA

The Economic Times
November 30, 2004 

In a significant move to strengthen economic ties, India and 10 ASEAN nations on Tuesday decided to set up a Regional Trade and Investment Area (RTIA) to facilitate flow of FDI in the region and enhance regional monetary and financial cooperation besides promoting an Asian bond market.

A plan of action to implement the ASEAN-India partnership for Peace, Progress and Shared Prosperity, signed in Vientiane by Prime Minister Manmohan Singh and heads of 10 ASEAN countries, laid special emphasis on infrastructure and transport development and cooperation in gas-related projects.

Click here to read further: http://economictimes.indiatimes.com/articleshow/941218.cms

 

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Third India ASEAN Summit 

Chairman's Statment
ASEAN Secratariat 
November 30, 2004 

The ASEAN Leaders had a productive meeting with H.E. Dr. Manmohan Singh, Prime Minister of the Republic of India .  They congratulated Prime Minister Singh for his assumption of the Prime Ministership, and welcomed him to the ASEAN -India Summit for the first time.

Click here to read further: http://www.aseansec.org/16745.htm

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Assembly of Asian Parliaments for Peace

The Manilla Bulletin Online
November 29, 2004 

House Speaker Jose de Venecia convened the executive council of the Association of Asian Parliaments for Peace (AAPP) Monday on the eve of the formal opening of the 5th AAPP General Assembly, where 30 of the region’s parliaments gather to address poverty and terrorism and take up a proposal for regional integration

De Venecia, the AAPP president and one of Asia’s most respected parliamentary leaders, will address the opening ceremony of the AAPP, where he is expected to win support for proposals to address Asian poverty through the creation of an Asia-wide anti- poverty fund and bring regional integration a step closer through what is envisioned as the Asian Parliamentary Assembly (APA).

Click here to read further: http://www.mb.com.ph/MAIN2004113023504.html

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China, Japan, S. Korea Adopt Strategy on Cooperation

Xinhua Online
November 29, 2004

Leaders of China, Japan and South Korea adopted an action strategy on trilateral cooperation following a meeting here Monday.

The meeting, which took place on the sidelines of the 10th Association of Southeast Asian Nations (ASEAN) summit, was attended by Chinese Premier Wen Jiabao, Japanese Prime Minister Koizumi Junichiro and South Korean President Roh Moo-hyun.

The Action Strategy on Trilateral Cooperation said economic interdependence among the three countries has risen to "an unprecedented level which provides a solid foundation for further cooperation among them."

Click here to read further: http://news.xinhuanet.com/english/2004-11/29/content_2274522.htm

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Malaysian PM hails ASEAN Cooperation with Partners Outside Region

Xinhua Online
November 28, 2004 

Malaysian Prime Minister Abdullah Ahamad Badawi on Sunday hailed economic cooperation between the Association of Southeast Asian Nations (ASEAN) and countries out of the grouping, expecting it to promote the region's growth and competitiveness.

"We should recognize that ASEAN cannot remain competitive merely by strengthening intra-regional cooperation," said the Malaysian leader at an ASEAN business investment summit held in the Lao capital of Vientiane. Noting that economic integration process has brought about positive impacts on ASEAN members, Badawi said the grouping now isfaced with challenge as how to maintain the momentum of growth. One of major measures to address the issue is to "extend our sphere of cooperation with our main trading partners through strategic alliances," he said.

Click here to read further: http://news.xinhuanet.com/english/2004-11/28/content_2270807.htm

 

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ASEAN-ROK Free Trade Area to be Established with in 10 Years 

Xinhua Online
November 27, 2004 

Foreign ministers of the Association of Southeast Asian Nations (ASEAN) and the Republic of Korea (ROK) here Saturday welcomed a document under which an ASEAN-ROK Free Trade Area will be established within 10 years, spokesman of the 10th ASEAN Summit Yong Changthalangsy told a press briefing.

The document, the Joint Declaration on Comprehensive Cooperation Partnership, will be adopted by the ASEAN+ROK Summit on Nov. 30.

Yong, who is also director of the Press Department of the Lao Foreign Ministry, said that during the ASEAN+ROK Ministerial Meeting, ASEAN welcomed the ROK's decision to accede to the Treatyof Amity and Cooperation in Southeast Asia on Saturday.

Click here to read further: http://news.xinhuanet.com/english/2004-11/27/content_2268126.htm

 

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ASEAN Meets in Laos

The Malaysian Star
November 25, 2004 

Laos on Thursday opened its first-ever major conference, drawing together Asian nations in their aspirations for economic integration while addressing terrorism and other regional threats.

Senior officials from Asean's 10 members gathered in Vientiane to prepare for leaders summits Monday and Tuesday, grouping the core countries with partners China, Japan, South Korea, India, Australia and New Zealand in the region's major annual meeting.

Click here to read further: http://thestar.com.my/news/story.asp?file=/2004/11/25/latest/19844Aseanmeet&sec=latest

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South Asian Commerce Ministers Meet for Expanding Regional Trade

Xinhua Online
November 22, 2004 

The South Asian region has a great potential of an engine of expansion of trade and commercial relations to affect the lives of 20 percent of the world population, Pakistani commerce minister said here on Monday.

Inaugurating the fourth South Asian Association for Regional Cooperation (SAARC) meeting of the Commerce Ministers in Islamabadon Monday, Commerce Minister Hamayun Akhtar Khan said under the South Asia Free Trade Agreement (SAFTA) expansion in trade would create opportunities and regional cooperation enabling each country to succeed in eliminating hunger and poverty in future

Click here to read further: http://news.xinhuanet.com/english/2004-11/22/content_2247933.htm

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Indian Prime Minister's Speech at the India-ASEAN Car Rally 

Press and Information Bureau of India (Press Release)
November 22, 2004

The Indian Prime Minister, Dr. Manmohan Singh, flagged off the first India-ASEAN Car Rally, 2004 at the Nehru Stadium, Guwahati today. Speaking on the occasion, the Prime Minister said:

“It gives me great pleasure to be present at the commencement of the First India-ASEAN Car Rally today. In flagging off this event, we are doing more than setting in motion a rally car that will go through nine countries traversing over 8,000 kilometres through some of the most picturesque regions of the world. The importance of this Rally is much more than that.

Historically, we belong to an integrated region with many complementarities. Our cultural and civilisational ties run deep in time. These have been further strengthened by economic and trade links. Until colonialism intervened, this region was an integrated whole. With the passage of time, we are rediscovering the essential oneness and unity that bond our countries together.

Our countries are endowed with tremendous human talent and natural resources. The challenge before us is to put in place, cooperative regional activities that will promote development and collective security for all our people.

Geographical contiguity is not merely the absence of physical distance. It enables a participative exercise for building a community of prosperity based on goodwill and enterprise. In an era of globalisation, inter-connectivity, whether within a region or between regions, has to be comprehensive, covering all dimensions – human, infrastructural, economic, technological and cultural. By building such bridges of understanding and interaction will we increase and widen the circles of prosperity and growth.

Our North-Eastern States are India’s gateway to ASEAN. This is true not just in terms of physical connectivity but also in terms of economic outreach and cultural affinities. The National Common Minimum Programme highlights the determination of our Government to give special assistance to upgrade and expand infrastructure in the North East. The North East Council will be strengthened and given adequate professional support. Being an MP from this region, I feel special affinity and responsibility to ensure the effective implementation of these commitments.

The development of the North-East and its integration with the larger regional processes is one of the prime determining factors of India’s engagement with regional cooperation as under ASEAN or sub-regional cooperation as under BIMSTEC. My first official visit abroad as Prime Minister was to attend the BIMSTEC Summit in Bangkok. India’s ‘Look East’ policy was initiated by the Congress Government in the early 1990s. We have made considerable progress with ASEAN since India was admitted as its Sectoral Dialogue Partner in 1992 and full Dialogue Partner in 1995. We have since held two Summit level meetings with ASEAN.

I look forward to representing India at the third India-ASEAN Summit next week, which will be held in Vientiane. I understand that this phase of the Car Rally will conclude in Vientiane, to coincide with the India-ASEAN Summit. I will have the pleasure of witnessing the flag-off of its last phase – upto Indonesia.

Our growing interaction with ASEAN is critical to fulfilling the promise of the 21st century being an Asian Century, with the main engines of the world economy emerging in the Asia-Pacific Region. We want our North Eastern States to be in the forefront of these interactions and to reap the benefits of enhanced peace and prosperity.

I am confident that this Car Rally will capture the imagination of our people, in demonstrating the essential oneness of our integrated region. I see this Car Rally as a journey into the future, demonstrating the possibilities that can come about in trade, tourism, and people-to-people contact by bringing our countries together.

I wish to express my appreciation for all those who have contributed to this Car Rally. We are pleased that the Secretary General of ASEAN is present here along with members of the diplomatic corps representing the ASEAN countries, the State Governments of Assam, Nagaland and Manipur, through which this Car Rally would pass, the Confederation of Indian Industry and the Federation of Motor Sports Club of India. I am confident that the success of this Rally will prompt a sense of adventure among our car enthusiasts and generate interest to make this a regular event.

I wish the participants of the First India-ASEAN Car Rally all success.”

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India ASEAN Car Rally Opens

The Malaysian Star
November 22, 2004 

Several dozen cars are scrambling from India to Indonesia in a road rally to promote trade and cultural ties and show that the region can be navigated by automobile.

The first India-ASEAN car rally launches 59 cars in a race over 8,000 kilometers (4,790 miles) and across nine countries. Prime Minister Manmohan Singh was opening the event Monday in the northeastern Indian city of Gauhati.

"We are bent on having strong economic links with our neighbors in the east,'' Singh said.

Click here to read further: http://thestar.com.my/news/story.asp?file=/2004/11/22/latest/19776IndiaAsea&sec=latest

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Economic Integration, Thailand, Myanmar to Dominate ASEAN Summit

Channel News Asia
November 22, 2004 



Accelerating regional economic integration, unrest in Thailand, terrorism and Myanmar's political problems are expected to dominate the annual summit of Southeast Asian leaders in Laos.
...The ASEAN leaders will be joined at their summit by their counterparts from China, Japan, South Korea, India, Australia and New Zealand, as the Southeast Asian bloc seeks to pursue closer economic ties throughout the Asia-Pacific.

Click here to read further: http://www.channelnewsasia.com/stories/afp_asiapacific/view/118359/1/.html

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Tenth ASEAN Summit to Bolster International, Regional Cooperation

Xinhua Online
November 18, 2004 

The upcoming 10th ASEAN Summit and relevant meetings will adopt documents that are to contribute to the establishment of the ASEAN community by 2020, and boost the block's ties with its partners, said a Vietnamese Foreign Ministry spokesman here Thursday.

At the summit slated for Nov. 29 to Nov. 30 in Laos, leaders ofthe 10 members of the Association of Southeast Asian Nations (ASEAN) are expected to approve and sign the Vientiane Action Program, a frame agreement on ASEAN's 11 priority industries, and action plans on realizing ASEAN security and socio-culture communities, spokesman Le Dung said at a press briefing.

Click here to read further: http://news.xinhuanet.com/english/2004-11/18/content_2234399.htm

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Enhanced Cultural Cooperation in Asia to Bring Social Harmony, Economic Development

Xinhua Online
Nov 17, 1004

The three-day Asia Cultural Cooperation Forum (ACCF wrapped up here Wednesday afternoon, with participants agreeing that enhanced cultural exchanges and cooperation among Asian countries and regions would bring about social harmony and economic development.

More than 60 cultural ministers and other senior government officials from Indonesia, Japan, South Korea, Malaysia, The Philippines, Singapore, Thailand and Vietnam joined renowned personalities in the cultural and creative fields at the ACCF.

Addressing the opening ceremony, Chinese Minister of Culture Sun Jiazheng said Asian countries and regions had a glorious history of cultural cooperation and they should further enhance exchange and cooperation in this regard.

Click here to read further: http://news.xinhuanet.com/english/2004-11/17/content_2230925.htm

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BIMP-EAGA, Northern Territory Forge Cooperation in 7 Areas

Minda News
November 14, 2004

The Brunei Darussalam-Indonesia-Malaysia-the Philippines East ASEAN Growth Area (BIMP-EAGA) and Northern Territory have agreed to "cooperate in the areas of tourism, agri-industries, transportation, human resource development, mineral resources, construction materials and information communication technology (ICT) development, a Philippine BIMP-EAGA official said in a statement Sunday.

Click here to read further: http://www.mindanews.com/2004/11/14nws-bimp.html

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Meet on Asian Economic Integration in Tokyo

The Hindu
November 10, 2004

Leading economic think-tank RIS is organising a two-day conference on Asian Economic Integration in Tokyo from November 18.

China, Thailand, Vietnam, Korea, Philippines, among Others, will take part in the conference.

"We will come out with recommendations on the idea which would be given to various Governments in Asia as also Prime Minister Manmohan Singh," Nagesh Kumar, Director General, Research and Information System for South Asia, told reporters.

Click here to read further: http://www.hinduonnet.com/thehindu/holnus/006200411100310.htm

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Ha Noi Hosts Asian Bankers’ Conference

Vietnam News Agency
November 8, 2004

The 21st annual meeting of the Asian Bankers Association opened in Ha Noi on Friday with Deputy Prime Minister Vu Khoan urging closer co-operation among Asian banks to share information and experiences.

"Regional co-operation is needed to formulate a uniform legal system to resolve bankruptcy issues and protect creditor rights," Khoan said.

"This meeting is a useful opportunity for the delegates to exchange ideas and initiatives aimed at strengthening co-operation among regional financial institutions in order to promote economic development in all Asia-Pacific countries," he said.

Click here to read further: http://vietnamnews.vnagency.com.vn/2004-11/06/Stories/02.htm

 

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Asian Banks Want Better Regional Integration

Xinhua Online
Nov 5, 2004

Asian governments should develop regional financial markets which are strong, stable and based on best international practices to effectively address challenges arising from the globalizing world, said the Asian Bankers' Association (ABA).

The ABA called for governments in the Asia-Pacific region to develop a regional arrangement for cross-border recognition of insolvency administrations, and APEC finance ministers to adopt principles to promote compatibility between insolvency and secured transactions laws and practices, the association's chairman Dong-Soo Choi said at a press conference held here Friday

Click her to read further: http://news.xinhuanet.com/english/2004-11/05/content_2182756.htm

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