December 02, 2004

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The Chinese are coming

Ex-editor of the (almost gone) FEER, Michael Vatikiotis, sees the potential China-ASEAN FTA as a double-edged sword for the ASEAN countries. Already Thai farmers are feeling the pointy end of the competition stick while having trouble getting their goods into China. At the moment ASEAN nations run a massive US$100 billion trade surplus with China as they shovel their raw materials into the Chinese workshop. Mr. Vatikiotis notes a free trade area with China is good given ASEAN exists within the "yuan block", but at the same time the ASEAN nations need to develop themselves as viable competitors with China in attracting foreign investment and trade.

Globalisation - it's catching on because it works.

posted by Simon on 12.02.04 at 11:02 AM in the




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Comments:

The JP sucks for archiving and basic linking. I can never find an article on a click.

posted by: Infidel on 12.04.04 at 03:41 PM [permalink]




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