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t o t h e G re a t e r I n t e g ra t i o n
o f t h e A s i a n Re g i o n
ALFARAS . ALOJADO. BUENAFE . DAWA . DE LA CRUZ . SARROZA
What is Greater
Integration?
I n t e g ra t i o n
-the act of bringing together smaller components into a single
system that functions as one.
-the ‘convergence of life chances without convergence of
lifestyles
In short:
Greater integration with other Asian economies would lead to
substantial investment inflows this year, as well as rapid tourism
growth and robust exports that would benefit not only big
businesses but micro and small enterprises as well.
What is an Asian region?
ASIA:
the world’s largest and most diverse continent. It occupies
the eastern four-fifths of the giant Eurasian landmass.
vast area always carries the potential of obscuring the
enormous diversity among the regions it encompasses
bounded by the Arctic Ocean to the north, the Pacific Ocean to the
east, the Indian Ocean to the south, the Red Sea (as well as the inland
seas of the Atlantic Ocean—the Mediterranean and the Black) to the
southwest, and Europe to the west.
REGIONS OF ASIA:
Central Asia (Tajikistan, Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan)
East Asia (China, Mongolia, North Korea, South Korea, Japan, Hong Kong,
Taiwan, Macau)
South Asia (Sri Lanka, Bangladesh, India, Afghanistan, Pakistan, Bhutan, Nepal,
the Maldives)
Southeast Asia (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar,
Philippines, Singapore, Thailand, Timor Lester, Vietnam, Christmas Island, Cocos
Islands)
Western Asia (Georgia, Armenia, Azerbaijan, Turkey, Cyprus, Syria, Lebanon,
Israel, Palestine, Jordan, Iraq, Iran, Kuwait, Bahrain, Qatar, Saudi Arabia)
REGIONS OF ASIA:
CENTRAL ASIA East Asia is the eastern sub region of Asia,
defined in both geographical and ethno-
located in a strategic region, with strong ties to cultural terms
neighboring regions. Its development depends,
firstly, on the access to the rest of the world. SOUTH ASIA
Central Asia is an important part of the political
and economic world system, being referred to as Southern Asia. Eight nations
"surrounded by some of the most dynamic around the Indian subcontinent, including the
economies in the world, including three of the island nations of Sri Lanka and the Maldives
so-called BRIC countries (Russia, India and that are situated south of India.
China)"
EAST ASIA
SOUTHEAST ASIA
It consists of two dissimilar portions: a continental projection (commonly called
mainland Southeast Asia) and a string of archipelagoes to the south and east of
the mainland (insular Southeast Asia)
WEST ASIA
It significantly overlaps with the Middle East (or the Near East), the main
difference usually being the exclusion of the majority of Egypt, which would be
counted as part of North Africa (that is, Egypt without the Sinai Peninsula), and
of European Turkey and the inclusion of the Caucasus. The term is sometimes
used for the purposes of grouping countries in statistics, in which case Egypt
might be excluded and Turkey included entirely
Factors Leading
to a Greater
Integration
Factors Leading
to a Greater Integration
1) MUTUAL BENEFIT - when it comes to trade, these nations can readily supply each other’s
needs.
2) TRADE - The world economy is intertwined with each other whether we like it or not. We
all want or need something from another part of the world, and global trade facilitates that.
3) SIMILAR CULTURE - The cultures of Asia is diverse but they do share many things. This
makes it an easier fit during times of negotiations.Tthe people of this region are generally
alike in appearance, temperament which is seemingly peaceful. They tend to get along quite
well even on an individual level.
Fa c t o r s L e a d i n g
to a Greater Integration
4) COMMON GOALS - The Asian region recognizes the mutual benefit of a slow
integration. The territories involved are not far from each other and the
industriousness of its population can work as a powerful negotiating block
against those from other parts of the world.
5) SIMILAR SECURITY NEEDS - aside from small localized rebels, this association
needs only to contend with foreign-supported terrorist groups which are usually
handled well.
6) TRADE AGREEMENTS
What are Regional
Trading Agreements?
Regional trading agreements refer to a treaty that is signed by two or more countries
to encourage free movement of goods and services across the borders of its members.
The agreement comes with internal rules that member countries follow among
themselves.
When dealing with non-member countries, there are external rules in place that the
members adhere to. Quotas, tariffs, and other forms of trade barriers restrict the
transport of manufactured goods and services.
Regional trading agreements help reduce or remove the barriers on trade. Types of
Regional Trading Agreements Regional trading agreements vary depending on the level
of commitment and arrangement among the member countries.
O B JECT IVES
• BILATERAL AGREEMENT
Bilateral trade agreements are between two nations at a time, giving them favored trading status with each
other. The goal is to give them expanded access to each other's markets, and increase each country's
economic growth.
• MULTILATERAL AGREEMENT
Multilateral trade agreements are commerce treaties between three or more nations. The agreements
reduce tariffs and make it easier for businesses to import and export. Since they are among many
countries, they are difficult to negotiate.
• “Multilateralism” refers to the GATT/WTO system as well as the trade negotiations that take
place among all GATT/WTO members as a group
• Recall that one of the founding principles of this system is nondiscrimination
• Involves the most favored nation (MFN) and national treatment (NT) sub-principles
• Each WTO member must grant to each other member treatment as favorable as they extend to any
other member country
In Asia there are several Trade Agreements (Free Trade
Agreements, Economic Partnership...), both regional and extra-
regional:
Intra-regional: Extra-regional: Bilateral extra-regional:
ASEAN, Trans-Pacific Agreement, China-Chile,
South Asian Association for APEC, Mexico-Japan
Regional Cooperation (SAARC),
agreements with the European
Bay of Bengal Initiative Union (EU)
(BIMSTEC),
South Asian Free-Trade Area
(SAFTA), Bilateral intra-regional:
As set out in the ASEAN Declaration, the aims and purposes of ASEAN are:
• To accelerate economic growth, social progress, and cultural development in the region.
• To promote regional peace.
• To promote collaboration and mutual assistance on matters of common interest.
• To provide assistance to each other in the form of training and research facilities.
• To collaborate for the better utilization of agriculture and industry to raise the living standards of
the people.
• To promote Southeast Asian studies.
• To maintain close, beneficial co-operation with existing international organizations with similar
aims and purposes.
This regional power block appears to work fine, the member states
fit very well together because of the following factors: