Officials hailing from the land of the rising sun have come up with a proposal to configure a 16-nation free-trade bloc comprising of China, South Korea, Australia, India, New Zealand and the 10-nation Southeast Asian bloc. Last year, the same 16 had created the East Asia Summit, which was perceived as a forerunner to the formation of a giant free-trade alliance, engulfing almost half of the world’s populace. Japan entered its first ever FTA with Singapore in 2002 and also coordinated well worked deals with Mexico, Malaysia, Thailand and Philippines. Meanwhile, Australia and New Zealand have also expressed their willingness to be a part of such a bloc. The advocates of the plan, however, admit that turning it into reality will take a long time.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
