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 Asian Formal

Lack of a Pan

Lack of a Pan-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 ( Basis and Empirical Results (β – convergence Panel Data 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-by by-step approach by commencing step approach by commencing

undertake a step

undertake a step-by by-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

• ff between no. of countries and pace of progress
• Trilateral FTA / CECA

Trilateral FTA / CECA

Thank You Thank You Thank You Thank You