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Friday, December 09, 2005

The Australian: Asian juggernaut [December 10, 2005]

The Australian: Asian juggernaut [December 10, 2005]: "The dream of a genuine East Asian Community would embrace nearly half the world's population and about 25 per cent of global gross domestic product. The ASEAN vision would see steady progress towards closer economic integration along the lines of the post-war evolution of the European Union.

Already intra-regional trade in East Asia accounts for around 54 per cent of the region's total trade. China's trade with the 10-nation ASEAN grouping has been growing at 20 per cent annually."

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