Asian leaders trade ideas to build regional cooperation
Asian economies urged to strengthen regional financial integration
China, India 'Developing' Into Powerhouses: Ex-Singapore Leader
Korea needs FTAs for East Asian integration
Common East Asian market can wait: MM
Keep open mind on Asian regional financial integration: IMF chief
Tamim calls for Asian economic integration
More to it than free trade
Singapore to choose India to China
China to be Biggest Economy by 2050: Report
East Asia Summit Freezes Memebership for 2 Years
Asean, South Korea sign pact to liberalise trade
Drop in Asian currency markets offers relief to exporters
ASEAN Countries Brace for Single Economic Community by 2015
Asian nations to get help saving energy
Economic integration by 2015: ASEAN
Limits to Economic Growth
Japan Studying Creation of Asian version of OECD
ADB meeting urges financial integration
China, Japan and ROK ministers call for further regional co-op
ADB to Double Lending to India
Stabilise Oil Prices, urges ADB Chief
India-Gulf Cooperation Council CECA Meeting on May 24-25
Centre Seeks Inputs for CECA with GCC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Asian leaders trade ideas to build regional cooperation
Nikkei Net Interactive, May 29 2006

Participating Asian leaders at the 12th International Conference on "The Future of Asia" last week in Tokyo competed to propose ideas on how an Asian Community should be formed.

Since the first meeting of the East Asia Summit of 16 nations in December last year, the dream of such a community has come closer to reality, and participants discussed their own scenarios on how it should develop and which nations it should include.

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http://www.nni.nikkei.co.jp/FR/NIKKEI/inasia/future/2006/2006news11.html

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Asian economies urged to strengthen regional financial integration
People’s Daily Online, May 26, 2006

Asian economies need to make further progress in regional financial integration, participants at a high-level seminar agreed in Singapre Thursday.

A shift in the balance of demand towards Asia will take place in the global economy in a long term, which could mean increased Asian consumption and investment, while financial markets in the region have to foster this shift, according to Tharman Shanmugaratnam, deputy chairman of the Monetary Authority of Singapore (MAS).

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http://english.people.com.cn/200605/26/eng20060526_268668.html

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China, India 'Developing' Into Powerhouses: Ex-Singapore Leader

As China and India loom ever larger over the global landscape, these teeming countries are beginning to believe they will catch up with the United States and Europe, Singaporean Minister Mentor Lee Kuan Yew said Thursday at a symposium.

Speaking at a dialogue session during The Future of Asia conference, sponsored by Nihon Keizai Shimbun Inc., the former prime minister stressed that the time may be drawing near when the two are no longer referred to as developing nations.

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Korea needs FTAs for East Asian integration
Asia Times Online, May 26, 2006

SEOUL - Three bilateral free trade agreements (FTAs) involving South Korea, Japan and China are necessary to forge ahead with an East Asian community, Minister of Commerce, Industry and Energy Chung Sye-kyun said Thursday.

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http://www.atimes.com/atimes/Korea/HE26Dg03.html

 

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Common East Asian market can wait: MM
Todayonline.com, May 26, 2006

The time is not ripe for East Asia to follow the European Union's single currency system or borderless flow of people. Minister Mentor Lee Kuan Yew said that "Singapore would be uncomfortable" with the move.

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http://www.todayonline.com/articles/120684.asp

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Keep open mind on Asian regional financial integration: IMF chief
Mediacorp News, May 25, 2006

At a summit of finance ministers and central bank chiefs in Singapore, IMF Managing Director Rodrigo de Rato, on whether regional financial integration was feasible Mr Rato said, "I think we have to have an open mind, to accept that first of all, there is no common analysis and conclusion and maybe this is going to be an important debate in the future.

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http://www.channelnewsasia.com/stories/singaporebusinessnews/view/210319/1/.html

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Tamim calls for Asian economic integration
Gulf Times, May 24, 2006

HH THE Deputy Emir and Heir Apparent Sheikh Tamim bin Hamad al-Thani has called for an Asian economic integration that would ultimately make the continent a leading economic zone.

"It has all the geographic, human and civilisational capabilities for success," HH the Deputy Emir told the participants of the fifth ministerial meeting of Asia Co-operation Dialogue.

Click here to read further : http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=88154&version=1&template_id=57&parent_id=56

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More to it than free trade
Economic Times Online, May 23, 2006

The green signal that the Prime Minister’s Trade and Economic Relations Committee has given the FTA with Asean is a welcome recognition that India cannot afford to be left behind in the integration of Asian economies.

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http://economictimes.indiatimes.com/articleshow/1543061.cms

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Singapore to choose India to China
Financial Express Online, May 23, 2006

India will become the third major trading partner for Singapore after the US and the UAE and will become a preferred destination than China for potential investments in the years to come, said Ajit Simngh, Consul General Designate, Consulate General of the Republic of Singapore.

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http://www.financialexpress.com/fe_full_story.php?content_id=128045

 

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China to be Biggest Economy by 2050: Report
Shanghai Daily, May 22, 2006

As a major player on everyone's lips, China, the world's fastest-growing economy, is set to overtake the United States as the biggest economy globally by 2050, according to a PricewaterhouseCoopers report.

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http://news.xinhuanet.com/english/2006-05/22/content_4581876.htm

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East Asia Summit Freezes Memership for 2 Years
Times of India Online, May 20, 2006

The Association of Southeast Asian Nations will freeze the membership of the fledgling East Asia Summit (EAS) for the next two years so as to consolidate the forum, ASEAN Chief Ong Keng Yong announced.

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http://timesofindia.indiatimes.com/articleshow/1539589.cms


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Asean, South Korea sign pact to liberalise trade
May 17, 2006

The Association of Southeast Asian Nations (Asean) and South Korea signed an agreement on Tuesday to liberalise the flow of goods by 2016 as part of plans to create a free trade area that would also include services and investments.

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http://www.financialexpress.com/fe_full_story.php?content_id=127378

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Drop in Asian currency markets offers relief to exporters
Financial Times, May 16, 2006

Asian exporters must have breathed a sigh of relief after yesterday's drop in the local currency markets.

During the past few months, policymakers in countries such as Japan and South Korea have become concerned about the rise of their currencies against the dollar, which has threatened to undermine local export industries.

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http://news.ft.com/cms/s/a94481e8-e478-11da-8ced-0000779e2340.html

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ASEAN Countries Brace for Single Economic Community by 2015
People’s Daily Online, May 16, 2006

A single economic community with a regional market but without a single currency by 2015 has been endorsed by trade ministers of the ASEAN according to a press briefing.

The trade ministers have expressed their countries' resolve to speed up the creation of the ASEAN Economic Community (AEC) which is considered to be at par with the economies of the European Union by the year 2015, the briefing official said.

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http://english.peopledaily.com.cn/200605/16/eng20060516_266196.html

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Asian nations to get help saving energy
The Japan Times, May 15, 2006

The Natural Resources and Energy Agency will formulate a plan to offer Japan's energy saving technologies and methods to rapidly growing Asian economies, according to the agency, an arm of the Ministry of Economy, Trade and Industry, that wants to incorporate the project in its new energy strategy report to be compiled this month according to the officials.

The agency envisions dispatching experts to the countries to be selected, including China, India, Indonesia, Thailand and Vietnam, to help them implement energy saving methods that have proven successful in Japan.

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http://search.japantimes.co.jp/cgi-bin/nn20060515a2.html

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Economic integration by 2015: ASEAN
May 14, 2006

Southeast Asian trade ministers will gather this week in Manila to chart plans to accelerate their daunting ambition of creating a European-style economic community. In their meeting, ministers of the ASEAN will explore ways to push forward the integration of their economies into a single market and production base to 2015, instead of 2020. "The ministers will see how the process can be shortened, 2020 is too far away for any substantial economic benefit for ASEAN at this time," ASEAN secretary-general Ong Keng Yong said.

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http://www.ndtvprofit.com/homepage/storybusinessnew.asp?template=&whichstory=n&id=31220

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Limits to Economic Growth
Economic Times, May 11, 2006

The rapid growth of China’s and India’s economies is expected to change the global landscape completely by 2050. Both countries have populations exceeding one billion each — several times larger than the next largest countries. China’s GDP is growing at double digit rates already, and the India’s is accelerating towards 10% growth.

The problem is their pattern of growth is not sustainable. They cannot achieve their goals with the paradigm of development and growth they are presently following, even though it is the paradigm that brought the United States, Western Europe and Japan to their pre-eminent economic positions, and is the only one that they have to emulate and against which their progress is judged.

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http://economictimes.indiatimes.com/articleshow/1524754.cms

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Japan Studying Creation of Asian version of OECD

Mainichi Daily News, May 8, 2006

The Japanese government has launched a study on the establishment of an Asian version of the Organization for Economic Cooperation and Development to promote regional economic policy coordination and cooperation, it was learned.

Japan intends to work out a blueprint for the envisaged standing organization by the end of the year, including its membership and activities, and start discussions with other Asian nations in fiscal 2007, sources familiar with the plan said.

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http://mdn.mainichi-msn.co.jp/national/news/20060508p2a00m0na001000c.html

 

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ADB meeting urges financial integration
www.chinaview.cn, May 6, 2006

Financial integration would help facilitate the increasing transactional needs arising from more intra-regional economic and trade activities in Asia, said Peter ST Pang, head of the Hong Kong delegation at the 39th Annual Meeting of the Board of Governors of the ADB.

This would also enhance the region's resilience against volatile international capital flows, he further said. He suggested five areas of financial integration. To know about this ---

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http://news.xinhuanet.com/english/2006-05/06/content_4514608.htm

 

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China, Japan and ROK ministers call for further regional co-op

www.chinaview.cn, May 4, 2006

The Finance Ministers from China, Japan and South Korea said that they agreed to make continuous efforts to seek the possibility to further enhance regional financial cooperation.

They said the three countries have made considerable progress in cooperation and the regional financial cooperation within the ASEAN+3 is going toward a favorable direction.

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http://news.xinhuanet.com/english/2006-05/04/content_4508431.htm

 

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ADB to Double Lending to India
Economic Times, May 4, 2006

The Asian Development Bank (ADB) is looking at doubling its lending to India from $1.3bn in ’06 to over $2.5bn in ’08 in the areas of water, transport, energy and urban infrastructure.

The bank is also planning to finalise a new medium-term strategy, after its annual meeting, to step up focus on regional integration.

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http://economictimes.indiatimes.com/articleshow/1515069.cms

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Stabilise Oil Prices, urges ADB Chief
Business Standard, May 04, 2006

ADB President Haruhiko Kuroda, expressed concern that current oil prices were unsustainably high and urged oil producing countries to keep them at a sustainable level.

He said oil prices were crucial for regional economies and that, according to ADB projections, the Asia-Pacific region would achieve an overall economic expansion of 7.2 per cent in 2006. The growth forecast, however, was based on the assumption that oil prices will soften.

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http://www.business-standard.com/common/storypage.php?autono=89837&leftnm=2&subLeft=0&chkFlg


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India-Gulf Cooperation Council CECA Meeting on May 24-25

Press Trust of India, May 1, 2006

India is likely to take up with the Gulf Cooperation Council, the issue of few of its members reserving jobs in some sectors for locals during a meeting of the Trade Negotiating Committee of India-GCC Comprehensive Economic Cooperation Agreement from May 24.

Some countries in the GCC like Oman are gradually reserving sectors for employment of locals only and the issue is likely to crop up at the two-day meeting of TNC, Commerce Ministry Joint Secretary MVPC Shastry said at a FICCI meeting.

India and GCC has signed the Framework for Free Trade Agreement in 2004 and has now upgraded it to CECA by including trade in services and investment, besides goods.

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http://www.hindustantimes.com/news/181_1687929,00020008.htm

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Centre Seeks Inputs for CECA with GCC
Economy Bureau, May 1 2006

The government has asked industry to give its inputs for the CECA being worked out with the GCC countries. Detailed feedback on the type of market access industry would like to seek in the Gulf countries has been sought.

Cautioning that the negotiations on CECA with the GCC countries would be tough, commerce joint secretary MVPC Sastry said that the industry should also be prepared to open some sectors. The GCC countries include Saudi Arabia, UAE, Bahrain, Kuwait, Qatar and Oman.

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http://www.financialexpress.com/fearchive_frame.php


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