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AseanAffairs Magazine July - August 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • ASEAN TALK
ASEAN AVIATION • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • INDIA IN SPOTLIGHT

New Philippines President Benigno “Noynoy” Aquino wins in a landslide election and promises to end poverty and fight corruption.

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TREND OF JAPAN’S FDI TO ASEAN AND CHINA, 1996-2008

 

 TREND OF JAPAN AND ASEAN’ S MAJOR TRADING PARTNERS

   

   To close the gap among various members of Asean, the AJC has put in place focused programs to upgrade the institutional and human capacity and capability of member countries not only in CLMV but also in the Brunei Darussalam-Indonesia-Malaysia- Philippines East Asean Growth Area. This will support the economic integration of Asean to work towards the establishment of the Asean Community by 2015. Take tourism promotion for example, the centre undertook field studies to identify new tourism destinations in CLMV and the findings and proposals have been presented to the tourism trade sector in Asean and Japan.

The free trade agreements of China and Japan with Asean can be complementary and mutually reinforcing. While Japan can offer the market for high value-added and customer-oriented products, China can offer the market for low value-added and mass consumption goods. It is hoped that the three Asean Centres established in Japan, Korea and China can form a threeparty alliance for engagement with Asean on trade, investment and tourism.

It should be noted that bilateral free trade agreements are one thing and the multilateral AJCEP is another. They have different missions and purposes. For example, bilateral agreements with Indonesia and the Philippines help move nurses and care workers from these countries to Japan, and that with Vietnam allows better access of agro-based

and fisheries product to Japan. On the other hand, the multilateral agreement promotes integration of the regional economy and facilitates the companies to consider optimal production sites for their operations in the region. In short, the imperfection of the World Trade Organization can be compensated through various trade agreements.......


 

 

 

 

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