BIMP-EAGA Approves Economic Roadmap For 2006-2010
Good potential for intra-Asian trade'
Japanese agency recommends ways to boost Japan-ASEAN economic ties
Pan Asian organisation for exchange rate mooted

 

 


 

 

BIMP-EAGA Approves Economic Roadmap For 2006-2010
BERNAMA
October 10, 2005

KOTA KINABALU, Oct 10 (Bernama) -- A more cohesive and integrated Brunei Darussalam-Indonesia-Malaysia-the Philippines East ASEAN Growth Area (BIMP-EAGA) is hoped to emerge over the next five years as envisioned in the recently adopted BIMP-EAGA Roadmap to Development 2006-2010.

This, as BIMP-EAGA, after suffering a backlash from the 1997 financial crisis, is currently gearing towards broadening economic links not just within the sub-region but also to external markets in ASEAN.

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Good potential for intra-Asian trade'
October 9, 2005,

Chennai: Intra-Asian trade today accounts for $625 billion, comprising 42 per cent of all exports from Asian countries. This is not commensurate with the potential that exists for trade flows among the Asian economies, the Chairman and Managing Director of Exim Bank of India, Venkat Subramanian, has said.

Speaking at the 11th annual meeting of Asian Exim Banks, organised at Goa by The Forum of Asian Exim Banks, Subramanian said intra-Asian trade was much lower than intra - EU and intra - NAFTA trade.

He also noted the sharp rise in India-China trade in the last few years, making China India's largest source of imports and third largest export destination.

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Japanese agency recommends ways to boost Japan-ASEAN economic ties
Vietnam news Agency
October 7, 2005

The Japan External Trade Organisation (JETRO), a governmental organisation under the Ministry of Economy, Trade and Investment of Japan, released ten recommendations to promote Japan-ASEAN comprehensive economic cooperation.

JETRO made these recommendations to help realise an integrated Association of Southeast Asian Nations (ASEAN), a prerequisite for building a stronger economic partnership between the region and Japan, working towards the realisation of an integrated economic area encompassing ASEAN and Japan, and contributing to the realisation of East Asian-wide economic integration.

Click here to read further : <http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=33&NEWS_ID=169675>

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Pan Asian organisation for exchange rate mooted
Friday, 07 October , 2005

Panaji: Dr Ashok Lahiri, Chief Economic Advisor, Union Ministry of Finance, suggested the idea of a Pan-Asian Organisation to shoulder the task of exchange rate co-ordination between Asian countries in order to take care of the fluctuations in their currencies.

Delivering the keynote address at the inaugural of the seminar on `Regional economic and financial co-operation in Asia' on Wednesday, Lahiri recalled the South East Asian economic crisis and also referred to the mounting pressures on many of the Asian economies to move to floating rates in view of current account surpluses and consequent macro-economic imbalances they have to encounter. In that context, he emphasised the exchange rate coordination becomes an important issue to take care of fluctuating currencies.

Dr Nagesh Kumar, Director General, Research and Information Systems, New Delhi, said that if Asian countries can create possibilities of major infrastructure, they can enhance a lot of their under-utilised capacity.

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