When I started following the China-ASEAN free trade agreement few years ago, I knew they were on an accelerated pace, and I knew this day would come. This is such an awesome start for 2010! I have no doubt ASEAN+China will eventually extend to ASEAN+China+Japan+Korea. Here is Xinhua’s report, “China-ASEAN free trade area starts operation
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According to a Xinhua report, the 6th China-ASEAN Expo
is being held in Nanning, Guangxi province, Oct 20 – Oct 24th.
I have mentioned in the past, that Asia is underway to form its own free trade zone like the E.U.. (For material goods,) the article says China-ASEAN Free Trade will commence in 2010 – which is on schedule. More details: China-ASEAN FTA to be completed in 2010, ASEAN envoy.
The E.U. took many treaties between member states to culminate in the union that exists today and then the single currency, Euro. See, E.U. Timeline for details. I see what is happening in Asia mirroring what happened in Europe.
In my Sept 1st post, “Yukio Hatoyama, Japan’s new Prime Minister: “A New Path for Japan””, I brought to your attention Hatoyama’s support of an Asian Union. In this Xinhua article, we hear Asian leaders continue the push towards this direction. It’s all slowly adding up.
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In my prior post about Japan’s new Prime Minister, Yukio Hatoyama’s opinion piece on the NYT
, I was encouraged by Hatoyama’s view of an Asian Union. This is an interesting trend I encourage our readers to follow. Xinhua reported Chinese Foreign Minister Yang Jiechi, Japanese Foreign Minister Katsuya Okada and ROK Foreign Affairs and Trade Minister Yu Myung Hwan has met in Shanghai on September 28, 2009 to “deepen their all-round cooperative partnership
.” This is in preparation for the three countries top leaders to meet in October in Beijing. It will be interesting to see what new trilateral agreements they reach by then, at which time the top leaders will endorse and announce.