Wednesday, August 3, 2011

Trade

1. What is the goal of this ASEAN meeting?
To improve and harmonize trade and investment polices as the blox pursues an intergrated regional economy by 201

2. What is ERIA? What do they intend to do?
ERIA (Economic Research Institute for ASEAN and East Asia) are intended to keep tack of this area.

3. What is AEC? What do they intend to do?
AEC (ASEAN Economic Community) are intended to help countries identify commitments that will deliver the best results toward integration.

4. What are the three key areas of focus?
The three key areas are trade, transport, services and investment facilitation

5. How often does this group plan to meet?
Once a year 

6. What do they intend to keep in their "knowledge bank"?
possible tools members can use to pursue effective reforms and also a data bank of all regulatory reforms ASEAN members have made.

7.Who was the chairman of the meeting? What is his title? What is the population and GDP of his country? How does it compare to Australia?
Chairmen: Dato Lim Jock Ho, is the permanent secretary of Brunei Ministry of Foreign Affairs 
GDP - $49711 (Brunei) GDP - $36642 (Australia) 
Population - Around 400 000 (Brunei) Population - Around 22 000 000 (Australia) 

8. What do you think that economic integration means? 
Economic integration refers to trade unification between different states by the partial or full abolishing of customs tariffs on trade taking place within the borders of each state

9. Do you think that this is good or bad for Australia?
No I do not think that economic integration is a good this for Australia.