Experts Discuss Regional Cooperation at China Development Forum

Xinhua
March 21, 2005

China should play an important role to promote East Asian economic co-operation along with the rapid development of foreign trade and foriegn direct investment (FDI) in China, said economists attending the China Development Forum.

East Asian countries have a common responsibility to institutionalize regional integration, and China should be at the centre of this movement, said Lee Kyung-tae, president of the South Korean Institute for International Economic Policy.

Compared with the European Union and the North American Free Trade Area (NAFTA), East Asia lags far behind in the development of a regional co-operation system, said Lee.

Click here to read further: http://news.xinhuanet.com/english/2005-03/21/content_2722535.htm

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China to set up Fund for Regional Cooperation: ADB

Xinhua Online
March 14, 2005

The Asian Development Bank (ADB) said China is contributing 20 million US dollars to set up a technical assistance fund approved by the bank to promote regional cooperation and poverty reduction among the countries of developing Asia.

The bank described the Regional Cooperation and Poverty Reduction Fund as the first such fund to be set up by a developing member country of the bank and the first financed by China at any international institution.

The fund aims to promote faster economic and social developmentin Asia by financing regional cooperation and poverty reduction initiatives, said the bank

Click here to read further: http://news.xinhuanet.com/english/2005-03/14/content_2696027.htm

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ASEAN Must Widen Trade Net

The Scotsman, UK
MArch 14, 2005

Southeast Asian nations should discard any “misguided notions” of being a self-contained trade bloc and improve business cooperation with India, Australia and other crucial trading partners, Malaysia’s deputy leader said today.

The 10-member Association of Southeast Asian Nations has boosted trade with nearby countries such as China, Japan and South Korea, but should strive to be more “open and outward looking,” Deputy Prime Minister Najib Razak said in a speech at an ASEAN business forum.

Click here to read further: http://news.scotsman.com/latest.cfm?id=4269811

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ASEAN Japan to Start Negotiations in April

Japan Today
March 13, 2005

Formal negotiations to further strengthen economic integration between Japan and the 10-member Association of Southeast Asian Nations will kick off next month in Tokyo, a senior Philippine trade official said Saturday.

Click here to read further: http://www.japantoday.com/e/?content=news&cat=9&id=330600

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