Economic Community — Potential to unleash regional growth
The Hindu Business Line
November 25, 2005
While bilateral FTAs tap mutual advantages, greater gains can be
had from pan-Asian RTAs. But best of all, as Dr Manmohan Singh suggests,
is the creation of an Asian Economic Community, which would unleash
the region's full growth potential.
AFTER India refashioned its famous Look-East Policy, attention is
now being increasingly focused on translating this into the early
launch of a pan-Asian regional co-operation group. Considering that
New Delhi is not part of the principal regional trading arrangements
(RTAs), other than the inconsequential South Asian Association for
Regional Cooperation (SAARC), where its position is often viewed
with suspicion by the junior members, it is time for India to pursue
seriously the broader Asian integration plan.
Click here to read further : http://www.thehindubusinessline.com/2005/11/25/stories/2005112501401000.htm
A two-pronged strategy for boosting
Jayanta Roy, principal advisor, CII.
16, November 2005
current state of play in the Doha Round negotiations underlines
the importance of stronger bilateral and regional trading agreements
for India. As of now, India has concluded trading agreements with
Sri Lanka, Thailand and Singapore. In the regional context, Safta
and Bimstec are yet to really takeoff.
first component of the strategy is to benefit from our recent experience
with trading agreements and to chart a plan to extend the coverage
of countries. The long-term goal for India should be to lead the
efforts towards formation of a strong Asian Economic Community that
includes Asean, Japan, China, India and Korea. A prerequisite of
that is to sign agreements with all the countries constituting it.
here to read further : http://www.bilaterals.org/article.php3?id_article=3118
Asian identity is coming into being
Wu Jianmin, vice president of the Committee for Foreign Affairs,
the National Committee of the Chinese People's Political Consultative
Conference, and president of China Foreign Affairs
People’s Daily Online
November 15, 2005
the economic integration of the European Union (EU) with that of
the East Asia, some believe that there are common values and identity
among the 25 EU members while there is no common identity for the
East Asia since there are great differences in the Asian culture
with different development stages and various economic levels. I
don't think the argument holds water.
here to read further :
sees shared role with China in Asia
By Kathleen Hwang
Asia Pacific Features
November 4, 2005
challenge is for Japan to find and assert its own identity in a
region where it was once a feared military power, then a respected
economic giant, but increasingly appears to be eclipsed by China.
China sees itself as the rising power in Asia, headed for economic,
political and eventually military dominance in the region, Japan
sees itself as a harmonizing and cooperative force in the region,
Kitamura says, ready to contribute its economic power and technical
expertise to a rising Asian community.
vision for Asia would see the emergence of an East Asian Community
that would rival the European Union in terms of economic and political
power. Kitamura sees the first East Asia Summit set to take place
in Malaysia next month as a test case to discover if China and the
other nations in the East Asia Forum grouping are really ready to
work together. The group includes the 10 ASEAN nations plus China,
Japan, South Korea, India, Australia and New Zealand.
here to read further : <http://news.monstersandcritics.com/asiapacific/article_1059904.php/Japan_sees_shared_role_with_China_in_Asia>
leads in advocating free trade
Baisong, Researcher, Foreign Trade Research Section of the Research
Institute affiliated to the Ministry of Commerce
Daily, November 2, 2005
that East Asian economies' "V formation" - with Japan
as the lead goose - has been disrupted, an era of real competition
has been ushered in, as pointed out by Joseph Stiglitz, former chief
economist of the World Bank.
Competition is one thing and co-operation is another. Total trade
volume in East Asia increased by a factor of 7.8 from 1985 to 2003.
Mutual investment between different economies in the region has
maintained energetic momentum. Bundled together, China, the Republic
of Korea (ROK), Japan and the 10-country Association of Southeast
Asian Nations (ASEAN) have a population of 2 billion and a GDP of
US$7.44 trillion - a match for North America or the European Union.
The time is right for establishing free trade zones.
economic grouping follows two paths. One is advocated by China and
promoted by Beijing and ASEAN countries, characterized by the establishment
of bilateral free trade zones. The other is led by Japan, which
also focuses on setting up free trade zones with ASEAN.
here to read further : <http://www.chinadaily.com.cn/english/doc/2005-11/02/content_489854.htm>