Wednesday, August 3, 2011

Trade: ASEAN

  1. What is the goal of this ASEAN meeting?
    ASEAN countries are drawing plans to help countries identify commitments that will deliver the best results toward integration. They also want to create reforms on trade, transport services and investment facilitation.
  2. What is ERIA? What do they intend to do?
    Economic Research Institute for Asean intends to draw up a scorecard to review all plans for the AEC to help deliver the best results to integration
  3. What is AEC? What do they intend to do?
    Asean Economic Community intends to help identify commitments that will deliver the best results toward integration. They also want to help ASEAN countries to help integrate with each other when it comes to economic matters
  4. What are the three key areas of focus?
    Transport, trade and investment
  5. How often does this group plan to meet?
    Once a year
  6. What do they intend to keep in their "knowledge bank"?
    The knowledge bank is intending to keep information on possible tools members can use to pursue effective reforms and also a data bank of all regulatory reforms ASEAN members have made."
  7. Who was the chairman of the meeting? What is his title? What is the population and GDP of his country? How does it compare to Australia?
    Dato Lim Jock Hoi, Brunei Ministry of Foreign Affairs permanent secretary. The population of Brunei (country) is almost 400,000 people and the GDP is $48 dollars. They have a much smaller population to ours and therefore had a larger GDP compared to Australia. This means the average person is richer in Brunei compared to Australia
  8. What do you think that economic integration means?
    Economic integration is different countries know how to control and create different reforms
  9. Do you think that this is good or bad for Australia?
    This is neither for Australia as the country has perfectly good reforms already