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ADB
plans to release ACU average |
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GCC-India
FTA Talks Give Fillip to ‘Asian Community’ Dr. N. Janardhan, Arab News, January 5, 2005 |
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U.S.-China
ideological rivalry heats up |
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Birth
of a forum for dialogue on Asia The EAS summit at Kuala Lumpur last month did not receive the media comment it deserved Nagesh Kumar, DG, RIS Financial Express, January 3, 2006 |
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Divisions,
rivalries threaten new Cold War in East Asia KANG SANG JUNG, Professor, University of Tokyo The Japan Times, January 3, 2006 |
ADB
plans to release ACU average The Asian Development Bank plans to begin publicizing the Asian currency unit (ACU), a notional unit of exchange based on a "basket," or the weighted average of the values of currencies used in 13 Asian countries--including Japan-- bank sources said Thursday. Click here to read further : <http://www.yomiuri.co.jp/dy/business/20060113TDY01004.htm>
THE regional economic diversification plan gets a boost with the Gulf Cooperation Council (GCC) and India — which signed a framework agreement for economic cooperation in August 2004 — announcing final negotiations for a free trade agreement (FTA) starting January 2006 to thrash out niggling issues like rules of origin and differential tariffs. The push for GCC-India FTA talks come amid Indian Prime Minister Manmohan Singh’s statement that “...our neighbors should have a greater stake in our economic growth and should benefit from it... The Gulf region is a part of our natural economic hinterland...” With India’s economy forecasted to expand about seven percent during the current fiscal year, India’s proposal for an ‘Asian Community’ implies creating an arc of advantage to rival the EU. While FTAs appear to reduce the efficacy of the World Trade Organization (WTO), it may actually help remove impediments to movement of goods and services and make the WTO more beneficial. Click here to read further : http://www.arabnews.com/?page=7§ion=0&article=75773&d=5&m=1&y=2006 U.S.-China
ideological rivalry heats up WASHINGTON -- Two recent events in Asia have again directly underscored the "ideological" tussle between Washington and Beijing, which is increasingly seen as a benevolent power and even as offering a model for socioeconomic development. As Asian leaders gathered last month in Kuala Lumpur for the East Asian Summit, antiglobalization protests against the sixth World Trade Organization ministerial meeting gathered steam in Hong Kong. Click here to read further : http://www.japantimes.co.jp/cgi-bin/geted.pl5?eo20060105a1.htm Birth
of a forum for dialogue on Asia With the emergence of strong regional trade blocs in Europe, North America, South America, and parts of Africa over the past decade, the relevance of evolving a broader pan-Asian grouping has been attracting a lot of attention. However, Asia lacked a forum for dialogue for such cooperation. The first East Asia Summit (EAS) at Kuala Lumpur, on December 14, 2005, provided the appropriate forum. Ironically, the historic event did not receive the comment and analysis it deserved in the media in the glare of a more colourful event—WTO’s Hong Kong Ministerial in the same week. Click here to read further : http://www.financialexpress.com/fe_full_story.php?content_id=113325
Divisions,
rivalries threaten new Cold War in East Asia What we have feared is threatening to become a reality. The open rivalry and discord between Japan and China is becoming the most destabilizing factor to the peace and prosperity of East Asia. The United States is so concerned by the mounting tensions between the two leading nations in the region that it has called on them to settle their differences. Divisions not unity It has become clear, however, that the U.S. fear that an East Asian Community concept, centered on ASEAN Plus Three (Japan, China and South Korea), may lead East Asia to coagulate into a regional Pan-Asianism bloc has turned out to be groundless. Far from embracing Pan-Asianism, East Asia is deeply divided. Click here to read further : http://www.japantimes.co.jp/cgi-bin/geted.pl5?eo20060103a1.htm
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