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Integrity Legal

Posts Tagged ‘ASEAN-China free trade agreement’

2nd May 2011

It recently came to this blogger’s attention that the Premier of China has expressed interest in expanded trade relations with the economies comprising the Association of Southeast Asian Nations (ASEAN). To quote directly from the official website of the China Post, ChinaPost.com.tw:

JAKARTA — Chinese Premier Wen Jiabao said Saturday Beijing wants to boost cooperation in trade and security with the 10-member Association of Southeast Asian Nations (ASEAN).

In a policy speech on the last day of a three-day visit to Indonesia, the current chair of ASEAN and its biggest member, Wen extolled the virtues of an ASEAN-China free trade agreement (FTA) that came into effect in January.

It should be noted that the trade between the jurisdictions comprising the Association of Southeast Asian Nations (ASEAN) and China is not negligible. As the economy of China has shown tremendous growth in recent years, so too have many of the ASEAN nations. It is interesting that as both regions grow, they seem to create a mutually beneficial feedback loop in terms of trade and business. To quote further from the aforementioned article in the China Post:

“Last year, China became ASEAN’s biggest trading partner. We launched the largest FTA among developing countries and we have set the target of US$500 billion in two-way trade by 2015,” he said.

The administration of this web log highly recommends that readers click upon the above hyperlinks to learn more on this story and the issues associated therewith. It would appear as though the current trading relationship between ASEAN and China is highly beneficial to many of the economies concerned.

Meanwhile, of possibly more pressing interest to some, it would appear as though the United States Embassy in India is taking some precautionary measures in the aftermath of the recent announcement that notorious terrorist Osama bin Laden is deceased. To quote directly from the official website of the Times of India:

NEW DELHI: Immediately after the United States informed India on Monday about the killing of al-Qaida chief Osama bin Laden by American forces in Pakistan, security was tightened around the US Embassy in New Delhi and consulates in Mumbai, Kolkata, Chennai, Hyderabad and Bangalore.

“Besides asking Delhi Police to enhance its deployment around the US embassy here, the home ministry issued advisories asking states having US consulates to strengthen the security of these places”, said a senior home ministry official.

The administration of this blog again strongly recommends that readers click upon the hyperlinks above to read the above story in detail. Frequent readers of this web log may take note of the fact that the United States maintains the American Corner Bangalore.

Clearly authorities are taking precautions in reaction to recently announced events. It is likely that further information will come to light regarding all of these subjects in the coming weeks, months, and years. Hopefully, all of these precautions will prove unnecessary, but this remains, as of yet, to be seen.

For related information please see: business in China or US Visa India.

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