Towards Pan Towards Pan-Asian Economic Community: Asian Economic - PowerPoint PPT Presentation

Towards Pan Towards Pan-Asian Economic Community: Asian Economic Community: Rationale, Present Status and Way Forward Rationale, Present Status and Way Forward Dr. Ram Upendra Das Dr. Ram Upendra Das Senior Fellow Senior Fellow upendra900@gmail.com upendra900@gmail.com Presented at the ICRIER International Conference Presented at the ICRIER International Conference India India-Japan Japan-China Dialogue on East Asia Summit Process: The Leadership Conundrum China Dialogue on East Asia Summit Process: The Leadership Conundrum 6-7 April 2010 7 April 2010 New Delhi New Delhi

Introduction Introduction The Context The Context Rationale Rationale Present Status Present Status Present Status Present Status Way Forward Way Forward

The Context The Context Growth in Number of RTAs Growth in Number of RTAs � Economics of their own Economics of their own Asian Context Asian Context � Debate on Frameworks Debate on Frameworks � Lack of a Pan Lack of a Pan-Asian Formal Lack of a Pan Lack of a Pan-Asian Formal Asian Formal Asian Formal Regional Economic Integration Regional Economic Integration Agreements Agreements

Rationale Rationale Development Gaps and Growth Asymmetries in EAS Development Gaps and Growth Asymmetries in EAS � Dimensions of Development Gaps in EAS Dimensions of Development Gaps in EAS P.C.Y. P.C.Y. Social infrastructure: health, education, human development Social infrastructure: health, education, human development Poverty levels Poverty levels Physical Infrastructure Physical Infrastructure Structure of economies Structure of economies Structure of economies Structure of economies � Growth rates Growth rates � Growth Asymmetries and Implications for Complementarities Growth Asymmetries and Implications for Complementarities Growth Convergence and Regional Integration: Conceptual Growth Convergence and Regional Integration: Conceptual Basis and Empirical Results ( β – convergence Panel Data Basis and Empirical Results ( convergence Panel Data Estimation) Estimation) Rationale for Development Cooperation: Narrowing Rationale for Development Cooperation: Narrowing Development Gaps in Asia Development Gaps in Asia

Rationale for Development Cooperation Rationale for Development Cooperation Replicability Replicability Partnership approach in sharing development Partnership approach in sharing development experiences than donor experiences than donor-recipient relationship recipient relationship Appropriate skills Appropriate skills Appropriate technology Appropriate technology Appropriate technology Appropriate technology Appropriate scale Appropriate scale Geo Geo-climatic conditions climatic conditions Cost Cost-effectiveness effectiveness Capacity Capacity-building building Successful examples of Japan, China and India, Successful examples of Japan, China and India, among others, in development and business among others, in development and business assistance assistance

Present Status Present Status AEM+6 Meeting 15 August 2009 Bangkok AEM+6 Meeting 15 August 2009 Bangkok Joint Statement Joint Statement � Referred to Leaders and SEOM Referred to Leaders and SEOM � discuss the EAFTA and CEPEA recommendations together discuss the EAFTA and CEPEA recommendations together � undertake a step � undertake a step undertake a step-by undertake a step-by by-step approach by commencing by-step approach by commencing step approach by commencing step approach by commencing discussions on rules of origin, tariff nomenclature, discussions on rules of origin, tariff nomenclature, customs customs-related issues and economic cooperation related issues and economic cooperation EAS Senior Economic Officials Meeting 15 EAS Senior Economic Officials Meeting 15-16 16 September 2009, ASEAN Secretariat, Jakarta September 2009, ASEAN Secretariat, Jakarta EAS ROO Workshop 5 February 2010 Tokyo EAS ROO Workshop 5 February 2010 Tokyo Stocktaking of Stocktaking of AEM+6 Meeting AEM+6 Meeting EAS SEOM WL 25 EAS SEOM WL 25 March 2010 Bali March 2010 Bali

Way Forward Way Forward S&DT in Trade Liberalisation S&DT in Trade Liberalisation Asian Development Funds Asian Development Funds � ARDF ARDF � � ARIF ARIF � � ATDF ATDF � EAS Mechanism for Mobilizing Foreign Exchange EAS Mechanism for Mobilizing Foreign Exchange EAS Mechanism for Mobilizing Foreign Exchange EAS Mechanism for Mobilizing Foreign Exchange Reserves for Infrastructure Development Reserves for Infrastructure Development De facto to de jure De facto to de jure Japan Japan-India India-China China � ASEAN Centrality ASEAN Centrality � � Trade Trade-off between no. of countries and pace of progress off between no. of countries and pace of progress � � Trilateral FTA / CECA Trilateral FTA / CECA �

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