Trade- ASEAN

Trade- ASEAN Questions

1. The goal of the ASEAN meeting was to embark on annual meetings to improve and harmonize trade and investment policies as the bloc pursues an integrated regional economy by 2015.
2. ERIA is the Economic Research Institute for ASEAN and East Asia and there plans are to draw up plans to review the scorecard for the 2015 ASEAN Economic Community to help countries identify commitments that will deliver the best results toward integration.
3. The AEC is the ASEAN Economic Community and they intend to help countried identify commitments that will deliver the best results towards intergration.
4. The three key areas of focus are on trade and transport, services, investment facilitation.
5. The group plans to meet at least once a year; that is when they are going to hold the dialogue.
6. They intend to keep possible tools members can use to pursue the effective reforms and also a data bank of all regulatory reforms ASEAN has made.
7. The chairman of the meeting last week was Date Lim Jock Hoi, and his title is Brunei Ministry of Foreign Affairs permanent secretary. The population of Brunei is 400, 000 and the GDP is $US 11.47 billion. This compares to Australia because Brunei is way smaller compared to Australia, with Australia having 22, 000, 000 (population) and having $US 924.84 billion.
8. I think economic integration is where trade is fair between the different states of the country such as between Queensland and NSW. This would allow all tarrifs and taxes which are placed upon trade between the states to be removed and make it easier to trade within the country.
9. I think that it is good that trade goes all around the countries and that we all swap trade and everything; that way we can all get something that's different from the country.