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Posts Tagged ‘ASEAN news’
6th May 2014
Is The US Waxing or Waning Compared To China? The ASEAN Connection
Posted by : admin
In recent articles in the Financial Times the argument has be made that the Peoples’ Republic of China will economically overtake the United States of America in the year 2014. It should be noted that Chinese economic outpacing of the United States is only measured in terms of statistical purchasing power and little more. In any event, this revealation is significant as it shows the increasing dominance of China in the world economy. The authors of the two articles (which can be found on the Financial Times official website here and here) appear to disagree as to the importance of these developments. The author of the first article seems rather alarmist about the fact that China will overtake the USA in statistical purchasing power while the second author notes that this should not be viewed as China overtaking the USA in all facets of comparative economics. Furthermore, the second article notes that the United States still remains politically the most powerful nation in the world despite the fact that the world is evolving from a state of unipolarity with the United States as the lone Superpower able to effectively and virtually unilaterally project its power throughout the world, to a state of multipolarity in which many nations have increasing regional (or even global) dominance in certain spheres of economics as well as politics.
The notion that the world is moving toward a state of multipolarity leads this blogger to posit: how will the Association of Southeast Asian Nations (ASEAN) fit into the framework of a multipolar world? It seems reasonable to infer that ASEAN will become an increasingly important economic bloc following the integration of the various member states’ economies under the framework of the ASEAN Economic Community (AEC) which is set to take effect on January 1, 2015. The creation of a single economic platform which will include approximately 400-500 million people, some of the fastest growing economies in the world, and some of the most strategically important geographical locations will likely lead to greater economies of scale for businesses in the region, a larger market for goods and services for the member states, and greater leverage to trade with countries outside of the bloc. However, these issues are not entirely pertinent to the question posited above. The differences between China and an integrated ASEAN economic platform will be substantial. First, some members of ASEAN rank amongst some of the largest economies in the world, in their own right. Meanwhile other economies within the region are still developing. This could lead to a “best of both worlds” scenario for ASEAN, China, and the USA. Case in point, Thailand has seen difficulties in recent years competing with cheaper Chinese labor, but the movements of labor and capital which will come hand-in-hand with ASEAN economic integration could lead to a situation where Thai companies could utilize labor pools in developing ASEAN member countries to offset the low cost of Chinese labor and thereby mitigate previous competitive disadvantages. Furthermore, the United States may find new markets for US goods in an integrated ASEAN and new venues for the manufacture of low cost goods in developing ASEAN nations that would allow for some economic de-coupling from China by the USA, thereby allowing the United States a freer hand in making foreign policy decisions vis-a-vis China. Finally, China stands to gain due to the increase in trade between China and the ASEAN nations which has recently been evidenced by the evolving nature of the geography of the Chinese economy. In recent years, increasing economic activity has been noted in Southern China across the border from Laos, which acts as a kind of entrepot for trade between China and Thailand as well as the Greater ASEAN community. Recent discussions of a high speed rail link connecting China, Laos and Thailand have also been cause for optimism that one day this region could play host to a booming economy which will bring large numbers of people out of poverty and create wealth for the peoples of all nations concerned.
Following ASEAN economic integration, there are likely to be myriad legal challenges for those businesses in ASEAN nations and abroad wishing to gain a foothold in this burgeoning market. The legal challenges posed will likely require the assistance of legal professionals in the region familiar with new ASEAN regulations as well as the internal regulatory frameworks of the various member states.
7th August 2011
It recently came to this blogger’s attention that financial and economic analysts in China are rather pessimistic regarding the prospects of the American financial system in its present form. In order to provide further insight into these developments it is necessary to quote directly from the CNBC website, CNBC.com:
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.” Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from “A+” to “A” after policymakers in Washington failed to act in a timely manner to lift its debt celing…[sic]
The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this article in detail.
It is this blogger’s opinion that although the American economy is in a rather precarious position as of the time of this writing, the one attribute most notable about said economy is her ability to recover and thrive even after a significant downturn. How the American economy and the United States dollar will fare moving forward remains to be seen, but it is clear that many in Asia monitor such developments closely as economic conditions in the United States can have implications for the Asia-Pacific region, the so-called BRICS countries, and the Association of Southeast Asian Nations (ASEAN).
In news directly pertaining to the Kingdom of Thailand and the Association of Southeast Asian Nations (ASEAN), it recently came to this blogger’s attention that officials in Thailand are attempting to provide ASEAN exposure to Thai small and medium sized businesses. To provide further information it is necessary to quote directly from the official website of the Bangkok Post, BangkokPost.com
The Thailand Plaza programme to help local small businesses gain exposure abroad needs a fresh focus with more showrooms in Asean countries, according to the Office of Small and Medium Enterprises Promotion (Osmep). The programme that originated during the Thaksin Shinawatra government focused on developed Western countries but the results were poor. The first plaza in the United States folded as the cost of maintaining the office was too high. Thailand Plazas, with a budget of 100 billion baht, are seen as having potential to become a key marketing channel for Thai small and medium enterprises (SMEs) to gain access to Asean countries. Yuthasak Supasorn, the Osmep director-general, said partners of Thai SMEs could also order products via Thailand Plaza outlets in each country.
This blogger asks readers to click upon the relevant hyperlinks noted above to read this article in detail.
As the jurisdictions which comprise the ASEAN community continue to expand economically it stands to reason that intra-ASEAN trade will be facilitated by programs like the aforementioned one noted in the quotation above. How the scheme above will ultimately be implemented remains to be seen, but clearly there is reason to believe that a program such as this could be beneficial for both ASEAN jurisdictions outside of Thailand and the overall Thai business community.
For information related to legal services in Southeast Asia please see: Legal.
30th July 2011
It recently came to this blogger’s attention that representatives from the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are set to meet in September. Further, the Philippine DFA has apparently commented upon these developments. To provide further insight it is necessary to quote directly from the website ABS-CBNNews.com:
MANILA, Philippines – A team of maritime legal experts from the Association of Southeast Asian Nations (ASEAN) is scheduled to meet in Manila in September to begin talks on maritime territorial issues, the Department of Foreign Affairs (DFA) said Friday. This is part of the preventive diplomacy approach wherein ASEAN experts will determine disputed from non-disputed waters, DFA spokesman Raul Hernandez said. “The experts will give a concept paper to determine the zone of peace and cooperation and let them discuss it, assess and hopefully support it. We will present it to the ASEAN and hopefully China will hear it,” he added…
The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to learn more from this insightful article.
There are many who have speculated that the ASEAN region could one day see a single visa system similar to the Schengen system utilized in certain countries of Europe. However, this development remains to be seen. Meanwhile, discussions regarding the tensions which have recently arisen with respect to the South China Sea area have sort of been “tabled” until the upcoming meeting in Manila. Hopefully, this situation evolves into something that is beneficial for all of the ASEAN countries and the Greater Asian region as a whole.
In news pertaining to the continuing struggle for LGBT Equality it recently came to this blogger’s attention that a venerated publication has noted recent shifts in American attitude regarding same sex marriage. To quote directly from the official website of The Economist magazine, Economist.com
[W]hen National Journal polled political “insiders” this month, it found a majority of Democratic politicos, lobbyists and strategists in favour of making gay marriage legal. No less telling, a majority of their Republican counterparts, while continuing to oppose gay marriage, thought their party should just ignore the issue. That might make electoral sense. Since it is the young who are most relaxed about gay marriage, standing in its path might cost the Republicans dear in the future. The notion of denying gays the spousal rights available to others makes little sense to a generation that sees marriage at least as much as a union of soul-mates as a formal structure for child-rearing…That may be why Rudy Giuliani, the former mayor of New York who ran for the presidency in 2008 and may yet do so again, has warned fellow Republicans to “get the heck out of people’s bedrooms”…
This blogger asks readers to click upon the hyperlinks noted above to read further from this insightful article by Lexington.
Frequent readers of this blog may have noted that the Respect for Marriage Act (RFMA) noted above was introduced in the United States House of Representatives by Representative Jerrold Nadler. Representative Nadler is also the sponsor of the Uniting American Families Act (UAFA) which, if enacted, would remedy the current discrimination faced by same sex bi-national couples who cannot receive visa benefits such as the CR-1 visa, the IR-1 visa, or the K-1 visa in the same manner as their different-sex counterparts notwithstanding that they may have a valid State licensed same sex marriage.
For information pertaining to legal services in Southeast Asia please see: Legal.
3rd July 2011
It recently came to this blogger’s attention that the Kingdom of Thailand may see a female Prime Minister for the first time in that country’s history. In order to provide further insight into these developments it may be best to quote directly from the official website of Reuters, Reuters.com:
Yingluck Shinawatra, a 44-year-old businesswoman who wasn’t even in politics two months ago, is poised to get the top job after the stunning election victory of Puea Thai (For Thais), whose de facto leader is her brother, fugitive ex-premier Thaksin Shinawatra. Yingluck, known as Pou (Crab), the nickname her parents gave her, has never run for office or held a government post, so she has a lot to prove to show she can run the country. But some Thais, especially females, want to give her the benefit of the doubt and see this as a big step for women in a country where they have struggled for equal representation in government…
The administration of this web log encourages readers to click upon the relevant hyperlinks noted above to read further about the details of this story.
The Kingdom of Thailand is a member of the Association of Southeast Asian Nations (ASEAN) and political events occurring in this jurisdiction can have ramifications for the business community in Thailand and Greater Asia. Concurrently, the prospect of a first time election of a female leader in any nation is significant news by any estimate. It should be interesting to see how these events unfold.
In American news, the government of the sovereign State of Minnesota recently shut down and has remained so for a few days. To provide further insight into these events it may be best to quote directly from the official website of CNN, CNN.com:
The government shutdown in Minnesota could drag on for days as a spokeswoman for Gov. Mark Dayton said talks probably won’t happen until after the July 4 holiday. ”I do not expect formal meetings to resume before Tuesday,” Katharine Tinucci said in an e-mail Saturday night. The Minnesota government was forced to shut down Friday for the second time in six years after lawmakers failed to reach a budget agreement before a midnight Thursday deadline…
The administration of this web log encourages readers to click upon the hyperlinks above to learn more.
In a previous posting on this web log the possibility of an American federal government shutdown was discussed, but did not actually occur as American legislators came to a consensus regarding some of the issues associated with the United States budget and this consensus resulted in the American government remaining open. As the United States has a separate sovereignty system the various American States maintain separate governments from that of the federal government. The shutdown of any government can have implications for a State’s economy and therefore it is likely hoped by many around the USA (and the world) that Minnesota’s government can resolve their issues and get back to the business of governing that State.
For related information please see: Legal or US Company Registration.
2nd July 2011
Thailand’s Vote Comes On Heels Of Chinese CCP Anniversary Celebration
Posted by : admin
It recently came to this blogger’s attention that media outlets around the globe are discussing the pending elections in the Kingdom of Thailand. In order to provide more insight into these developments it may be best to quote directly from the official website of Channel News Asia, ChannelNewsAsia.com
BANGKOK – Thailand votes on Sunday in a closely fought election seen as pivotal to the future of the deeply divided kingdom, after years of political deadlock and often bloody street protests. The poll is the first major electoral test for the government since mass opposition rallies paralysed Bangkok last year, scaring away foreign tourists and sparking a military crackdown that left about 90 people dead. Now the tense vote could herald a comeback for fugitive former premier Thaksin Shinawatra and his political allies…
This blogger encourages readers to click upon the hyperlinks noted above to learn more on this story.
Politics in Thailand can have ramifications for the economy and the business community. Meanwhile, developments in Thailand can have reverberations throughout the Association of Southeast Asian Nations (ASEAN). This regional grouping is currently having a substantial regional and global impact upon geopolitics. Also, this organization’s ascendancy comes at the same time as international commentators discuss the increasing significance of the so-called BRICS nations (Brazil, Russia, India, China, South Africa). China has also received a great deal of international coverage recently as that nation’s Communist Party celebrated the 90 year anniversary of the Party’s founding. To quote directly from the official website of the Hindustan Times, HindustanTimes.com:
The world’s largest political party, in charge of the world’s fastest-growing economy, marked its 90th anniversary with a prolonged campaign of revolutionary Mao-era lyrics sung in schools, universities and parks. Television stations pulled out soaps and crime shows to air red propaganda. Employees of state-owned companies were told to troop into cinema halls to ensure that the film Founding of the Party, made with 108 actors, could claim blockbuster status…
This blogger asks readers to click upon the hyperlinks noted above to read this insightful article written by Reshma Patil.
As noted previously on this web log, China is becoming an ever more important player in the international economic arena as that nation’s Premier was recently noted for making a trip to Europe and the United Kingdom. In related news it was noted that China has previously announced plans to construct a high speed rail system to connect Southern China with the Thai city of Bangkok. It would appear that a plan is also in place to construct a large Chinese Trading Complex in the Bangkok metropolitan area. How such developments will play out in the future remains to be seen.
For related information please see: Thailand Company.
28th June 2011
It recently came to this blogger’s attention that a United States Senator introduced legislation designed to engage the Association of Southeast Asian Nations (ASEAN) in a Free Trade Agreement (FTA). In order to provide further information regarding these developments it may be best to quote directly from the official website of The Nation, NationMultimedia.com:
United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement (FTA) negotiations between the U.S. and the Association of Southeast Asian Nations (ASEAN), which presently accounts for the fourth largest export market of the United States. ”I am continuing my efforts to encourage the Obama Administration to announce a comprehensive and long-term strategy toward engaging ASEAN in FTA discussions,” Lugar said…
This blogger strongly encourages readers to click upon the relevant hyperlinks noted above to learn more on this story.
It is becoming increasingly apparent that the ASEAN community is likely to become more economically important in an international context as time passes. Clearly, Senator Richard Lugar’s proposed legislation will have a significant impact upon the trade relations between the United States of America and the countries which make up ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam). Assuming appropriate circumstances, it could be surmised that the United States and the ASEAN community could share a strong trade relationship notwithstanding the growing trade between the United States and countries of the so-called BRICS grouping which includes nations such as India and China. Hopefully the business relationship between the US and ASEAN continues to thrive as these issues are discussed among relevant legislators.
In other matters pertaining to the United States Senate, it recently came to this blogger’s attention that this legislative body was also the forum in which a new UAFA-inclusive piece of immigration legislation was introduced. To provide further insight into these events it may be prudent to quote directly from the website Care2.com:
U.S. Senators introduced Wednesday the Comprehensive Immigration Reform Act of 2011 which includes the Uniting American Families Act (UAFA), legislation allowing U.S. nationals to sponsor their foreign-born same-sex partners for citizenship. The bill, introduced by Senator Robert Menendez (D-NJ) alongside Senators Harry Reid (D-NV), Patrick Leahy (D-VT), John Kerry (D-MA), Dick Durbin (D-IL) and Chuck Schumer (D-NY), has a UAFA-inclusive counterpart measure in the House as introduced by Representative Mike Honda (D-CA). LGBT groups including the Immigration Equality Action Fund praised the reintroduction of the legislation…
The administration of this web log encourages readers to click upon the hyperlinks note above to read more.
As the struggle for LGBT equality continues, legislation such as that noted above could have a significant positive impact upon the LGBT community. Importantly, the inclusion of language similar to the Uniting American Families Act (UAFA), a stand alone piece of legislation originally introduced by Representative Jerrold Nadler in the House of Representatives, would permit same sex bi-national couples to petition for American family immigration benefits similar to those routinely granted to different sex bi-national couples. Currently, the provisions of the so-called “Defense of Marriage Act” (DOMA) preclude such benefits from same sex couples even if a couple has entered into a same sex marriage in one of the sovereign American States that legalize and/or solemnize such unions. Hopefully this proposed legislation can gain traction and thereby end the current discrimination imposed upon same sex couples.
For related information please see: US Company Registration or Legal.
26th June 2011
The Hawaii Consultations Transpire While Chinese Premier Travels Europe
Posted by : admin
It would appear as though the United States and China have wound down their recent bi-lateral discussions concerning the Asia-Pacific region. To provide further insight it may be best to quote directly from the official website of Xinhua, Xinhuanet.com:
China and the United States rounded off their round of consultations on Asian-Pacific affairs in the U.S. state of Hawaii on Saturday, thus opening a new channel of bilateral communications on issues concerning the world’s most populous and economically dynamic region. The Hawaii consultations, part of their efforts the materialize consensus reached by the two sides upon in their latest round of strategic and economic talks this May, were initiated to promote cooperation and understanding between the world’s top two economies in the Asia-Pacific region where they both have vital interests in maintaining peace, stability and prosperity... [sic]
The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this story in detail as it is rather insightful. In the previous posting on this web log it was noted that high ranking American diplomats had been engaged in discussions with Chinese officials. It would seem as though these discussion have been positive. It is also noteworthy that the aforementioned article also noted American engagement with the Association of Southeast Asian Nations (ASEAN), to quote further:
Meanwhile, Washington is trying to reinforce its engagement with many organizations in the region, for instance, the Association of Southeast Asian Nations (ASEAN). U.S. President Barack Obama also declared he would attend the East Asia summit in Jakarta, capital of Indonesia late this year.
These events are certainly hopeful for the Asia-Pacific region and they appear to be transpiring virtually in tandem with a recent visit by the Chinese Premier to the United Kingdom which has apparently been followed by a trip to Europe. While on this trip, the Chinese Premier appears to have made some statements regarding China’s investments in Europe. To provide further insight into these developments it may be wise to quote directly from an article written by Malcolm Moore and posted to the official website of The Telegraph, Telegraph.co.uk:
Yesterday, at the start of his European visit in Hungary, Mr Wen gave a strong pledge of China’s support for the embattled euro, saying that China will buy Hungarian government bonds and “consistently” support the euro as Europe attempts to fight its way out of a sovereign debt crisis. “China is a long term investor in Europe’s sovereign debt market,” he said at a press conference with the Hungarian Prime Minister, Viktor Orban. “In recent years we have increased by quite a big margin our holdings of government bonds. We will consistently continue to support Europe and the euro.”
This blogger asks readers to click upon the relevant hyperlinks noted above to find out further details.
As has been noted previously on this blog, the ascension of the Chinese economy relative to the other economies of the world is having a global impact as Chinese polices can have ramifications in both Asia and Europe, virtually simultaneously. China’s future policies and decisions remain to be seen, but one thing is clear: when China moves, the world watches.
For information regarding legal services in Southeast Asia please see: Legal.
22nd June 2011
It recently came to this blogger’s attention that the Association of Southeast Asian Nations (ASEAN) has seen the launch of a dedicated television channel. To provide more insight upon these developments it may be best to quote directly from the website MyThaiPhotos.com:
Tonight saw the official launch of ASEAN TV which is a new channel that serves 10 member countries in the English language. It’s actually been around for nearly two years as a project by MCOT. However they have now joined with the Nation group who run Thailand’s first 24 hour news channel. This co-operation between MCOT and the Nation means we will now get another 24 hour English language news channel in Thailand.
This blogger encourages readers to use the hyperlinks noted above to read the full details of this recent announcement.
There are many positive benefits that could be accrued to the people of the various ASEAN jurisdictions as a result of the launching of a television channel dedicated to ASEAN affairs. As ASEAN becomes increasingly important in an economic context it stands to reason that those in the ASEAN region and around the globe will be seeking information regarding the various economies which comprise this important organization. Meanwhile, ASEAN seems to be becoming increasingly important geopolitically (along with the so-called BRICS nations) so a news channel dedicated to providing insight into the political events occurring in the ASEAN jurisdictions (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) would appear to be something of a necessity for those who wish to remain informed regarding current events therein.
In rather unrelated news (but likely pertinent for readers of this web log) it recently came to this blogger’s attention that the sovereign State of Michigan may see TSA-related legislation similar to that proposed in the sovereign State of Texas. In order to provide some insight into these developments it may be best to quote directly from the website of the Daily Tribune, DailyTribune.com:
An Oakland County lawmaker is taking aim at the Transportation Security Administration and how its agents perform airport passenger security checks. State Rep. Tom McMillin, R-Rochester Hills, wants to make it a misdemeanor for any TSA employee to “conduct an intrusive, personal search on citizens without reasonable cause.” McMillin referenced a recent incident at Detroit Metropolitan Airport “where a 29-year-old special needs passenger was subject to an allegedly intrusive search.” “The federal government is not God,” McMillin said Friday. “It doesn’t get to decide what it can do to our citizens. This is one law that needs to be in place…”
The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read more on this story.
Readers may recall that a recent posting on this blog discussed the so-called Transportation Security Administration‘s (TSA) recent harassment of a mentally challenged man in Michigan. It would appear as though that story has caused concern among Michigan legislators. This concern would seem to have manifest itself in the form of possible legislation. That stated, as of the time of this writing, there has yet to be any actual passage of such legislation on the State level. Hopefully, the developments noted above will result in benefits for all concerned.
For related information please see: States’ Rights.
For information pertaining to legal services please see: Legal.
20th June 2011
It recently came to this blogger’s attention that it appears Malaysia (a member nation of the Association of Southeast Asian Nations, ASEAN) will not be hosting other ASEAN nations at the Langkawi International Dialogue (LID). To provide further insight it may be best to quote directly from an article written by M. Saraswathi and posted on the website Bernama.com:
KUALA LUMPUR, June 19 (Bernama) — There are no plans to include Asean nations in the Langkawi International Dialogue (LID) as it will be too big to manage, Prime Minister Datuk Seri Najib Tun Razak said today. Malaysia would maintain the present dialogue format between the African and Caribbean countries, he said. “No. We don’t want too many countries to be involved. We will maintain the present format of African and Caribbean countries,” he said when asked if Malaysia intends to include Asean countries in LID at a press conference here today. This year’s dialogue is being attended by African leaders such as Zimbabwe’s President Robert Mugabe, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Swaziland Prime Minister Barnabas Sibusiso, Ugandan Vice-President Edward Sekandi and Kenyan Vice-President Stephen Kalonzo…
The administration of this web log strongly encourages readers to click upon the appropriate hyperlinks noted above to learn more from this insightful article.
In this blogger’s opinion, one of the positive aspects of the ASEAN community, for the membership, is a sort of general flexibility. It could be inferred from the quotation above that Malaysia has a strong trade relationship with certain countries in Africa and the Caribbean. Such relationships make the Malaysian economy rather unique compared to her other counterparts in the ASEAN community. This uniqueness would seem to create various levels of comparative advantage for the Malaysian economy. Concurrently, the other jurisdictions of ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam) are able to receive a kind of refractive benefit from Malaysia’s strong trade relations in Africa and the Caribbean since ASEAN nations are able to streamline their direct trading with Malaysia herself. How ASEAN will evolve in the future remains to be seen, but it is clear that ASEAN is quite unique amongst the various regional organizations around the globe. Hopefully, this uniqueness will result in tangible benefits for the citizenry of the various ASEAN countries and for ASEAN’s trading partners as well.
On a related note, China was in the news recently as it is being reported that China is expanding her foreign reserves into non-dollar denominated assets. To shed further light upon these developments it may be best to quote directly from an article written by Jamil Anderlini and Tracy Alloway and posted to the Financial Times website, FT.com:
China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank. China’s foreign exchange reserves expanded by around $200bn in the first four months of the year, with three-quarters of the new inflow invested abroad in non-US dollar assets, the bank estimated. “It certainly appears that China’s finally following through on its policy to diversify its foreign reserve holdings away from the US dollar,” said Stephen Green, the bank’s chief China economist.
This blogger asks readers to click upon the relevant hyperlinks above to find out further details. Frequent readers of this web log may recall that the United States and China are apparently cooperating with regard to ASEAN engagement, but this news came amidst announcements that China had divested rather sizable holdings in US Treasuries. As China continues to show further economic dominance on the global stage it will likely prove interesting to see how this nation invests her financial resources. Hopefully as China and ASEAN continue their economic growth it will accrue to the benefit of all concerned.
For information related to immigration from Asia please see: K1 Visa Thailand or Legal.
19th June 2011
It recently came to this blogger’s attention that the nations of China and India have made arrangements to resume military exchanges. In order to provide further insight to the reader it may be best to quote directly from the Associated Press on the official website of Yahoo, Yahoo.com:
BEIJING – An Indian general led a delegation to Beijing on Sunday as the two countries moved to resume exchanges between their militaries after a yearlong freeze. Maj. Gen. Gurmeet Singh and seven accompanying officers arrived in Beijing on Sunday for a weeklong visit that will also include meetings with Chinese counterparts and stops in the business and shipping hub of Shanghai and the far-northwestern territory of Xinjiang. Such exchanges were suspended by India last year in protest over China’s decision to issue visas to Indians from disputed Kashmir in the form of a document stapled into their passports rather than a stamp. The decision appeared to question the legitimacy of Indian rule in Kashmir and was considered a concession to Pakistan, India’s arch rival with which China maintains close ties…
Readers are encouraged to click upon the hyperlinks noted above to read this story in full.
It is not difficult to infer that a resumption of military exchanges between China and India could have ramifications for virtually all countries around the world, at least to some degree. This is certainly important information for those who live in either India or China. The same could also be said for those living in Greater Asia as the resumption of military exchanges could have an impact upon the geopolitics of the whole continent. Meanwhile, those living in one of the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are prudent to note these developments as both of these countries are likely to be increasingly important trading partners with that organization in the future. Furthermore, it should be noted that China and India are currently associated with the so-called BRICS (Brazil, Russia, India, China, and South Africa) grouping of countries which many consider to be of increasing importance on the world stage.
With ASEAN in mind, the reader should note that China and India are not the only jurisdictions that are engaging in military exchanges as it recently came to this blogger’s attention that the United States Navy is conducting a naval exercise in conjunction with some of the ASEAN member states. To quote directly from an article written by Gilbert P. Felongco and posted on the official website of GulfNews.com:
Manila: The US Navy is conducting a naval exercise with its forces from the five member states of the Association of Southeast Asian Nations (Asean) amid rising tensions in the troubled South China Sea. Dubbed the Southeast Asia Cooperation and Training (Seacat) 2011, the drills were launched last Tuesday in the Malacca Strait, Sulu Sea and Celebes Sea and will run until Friday…The drills will focus on real-time information exchange, coordinated surveillance operations, tracking, and eventual conduct of visit, board, search and seizure operation, he said…
Those reading this web log are strongly encouraged to click upon the relevant hyperlinks noted above to learn more on this developing story.
The United States Armed Forces have been known to conduct exercises in many places and it would appear that the exercise noted above is designed to coordinate efforts between ASEAN members and the United States. Readers in the Kingdom of Thailand may note that the United States routinely works with the Thai military in undertaking exercises such as Operation Cobra Gold. Hopefully all such endeavors will accrue to the benefit of all concerned in the USA, Thailand, ASEAN, China, India, and Greater Asia.
For information related to doing business in Thailand please see: Legal.
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