India
showed extreme flexibility in ASEAN FTA
Zeenews.com, 13 November 2007
Minister
of State for Commerce Jairam Ramesh said at a conference on Asian
Economic Integration organised by Research and Information System
for Developing Countries, that India has gone to "extraordinary
lengths" to accommodate concerns of ASEAN in negotiating a
FTA as it considers the south east Asian bloc not only an economic
but also an important strategic partner. He also said that about
the FTA with ASEAN, India went to extraordinary lengths to accommodate
interests of its members and demonstrated extreme flexibility.
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With
Asean pact in limbo, India now looks at E Asia
Economic Times, 9 November 2007
India’s
problems with the FTA being worked out with the ASEAN notwithstanding,
the country is eagerly exploring the possibility of entering into
a CEPA with the sixteen East Asia Summit (EAS) members, including
the 10 ASEAN countries, China, Japan, Korea, Australia and New Zealand.
The
third EAS in Singapore later this month will give directions to
the study group which has been formulated to do a feasibility study
on CEPA. According to RIS Director General Nagesh Kumar, who represents
India in the study group preparing the feasibility study, all members
are positive about an agreement covering goods, services and investments.
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http://economictimes.indiatimes.com/News/Economy/Foreign_Trade/
With_Asean_pact_in_limbo_India_now_looks_at_E_Asia/articleshow/2529632.cms
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Regional
economic integration essential for East Asia/ - Summary
Singapore Prime Minister Lee Hsien Loong, said at a symposium organized
by the Economic Research Institute for ASEAN and East Asia (ERIA)
held in Singapore, that regional economic integration is essential
for East Asian countries to build on each other's strengths and
enjoy greater stability. He also added that with integration, business
people can operate more easily with lower physical and technical
barriers to trade.
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http://www.earthtimes.org/articles/show/137221.html
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East
Asia risks falling behind without deeper cooperation: minister
Earthtimes.com, 6 November 2007
Singapore's
Minister of Trade and Industry, S Iwaran said that East Asia risks
falling behind competitors without deeper economic cooperation and
greater integration. He also said that we need bold visions and
concerted efforts to sustain our economic initiative and raise the
standard of living of our people.
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http://www.earthtimes.org/articles/show/137113.html
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ADB
Releases New Study on Benefits of ASEAN+6
The surge in free trade agreements (FTAs) in East Asia since the
Asian financial crisis has prompted a lively debate on the pros
and cons of bilateral trade agreements versus multilateralism, their
impact, and future path of FTAs in the region.
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http://www.mediaforfreedom.com/ReadArticle.asp?ArticleID=5690
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Asian
local currency bonds good investments in current scenario - ADB
conference
Forbes.com, 2 November 2007
The
ADB said government officials and investors believe it is a good
time for regional players to invest in local currency bond markets
in developing Asian economies as they have come a long way since
the 1997-98 financial crisis.
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http://www.forbes.com/afxnewslimited/feeds/afx/2007/11/02/afx4293018.html
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Soaring
oil prices a long-term threat to Asia -- ADB
Inquirer.net, 2 November 2007
Rising inflation in emerging countries in Asia is still manageable
but further rises in oil prices would pose a long-term threat to
the region’s economies, a senior Asian Development Bank official
warned.
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http://business.inquirer.net/money/topstories/view_article.php?article_id=98311
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PM
Lee calls on ASEAN countries to fully liberalise air travel
01
November, 2007
Prime Minister Lee Hsien Loong has called on ASEAN countries to
be flexible and to step up the process for fully liberalised air
travel in the region.
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http://sg.news.yahoo.com/cna/20071101/tap-309002-231650b.html
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