GOOD DAY FRIENDS OF BLOGGER,FOLLOWERS AND WRITERS,
TODAY WE DISCUSS THE NEWEST F.T.A. CREATED BETWEEN ASEAN AND CHINA.
ASEAN IS THE SOUTH EAST ASIAN ASSOCIATION, INCLUDING MY HOMELAND THE PHILIPPINES.
THE SIX FOUNDING FATHERS OF ASEAN ARE:BRUNEI, INDONESIA, MALAYSIA, PHILIPPINES, SINGAPORE, THAILAND.VIETNAM AND CAMBODIA JOINED ASEAN.
UNDER THE AGREEMENT CHINA AND ASEAN ARE TO ELIMINATE BARRIERS TO INVESTMENT AND TARIFFS ON 90% OF THE PRODUCTS.
NO DOUBT THE PARTICIPANTS SPEAK ABOUT THE BIGGEST FREE TRADE AREA IN THE WORLD.
lIBERALIZING BILLIONS OF DOLLARS IN GOODS AND INVESTMENTS COVERING A MARKET OF 1,7 BILLION CONSUMERS!!!!!
THEY SAY WE ARE ABLE TO BE A REAL RIVAL OF OF THE EUROPEAN UNION AND THE NORTH AMERICAN FREE TRADE AREA.(N.A.F.T.A.)( IN TERMS OF VALUE AND SURPASS THOSE MARKETS IN TERMS OF POPULATION.
ANYWAY THE SIGNAL IS VERY CLEAR:THE ASEAN IS OPEN !!!!
IT WILL BOOST THE TRADE IN THE INTRA-REGION.
CHINA IS GETTING STRONGER IN THE WORLD.YESTERDAY IT WAS ANNOUNCED THAT THEY SURPASSED GERMANY, BEING NOW THE FIRST EXPORTING COUNTRY!!
CHINA HAS OVERTAKEN USA AND IS NOW THE THIRD TRADING PARTNER OF ASEAN.
IT WILL SOON SURPASS E.U. AND JAPAN TO BE NUMBER ONE.
(SAYS MR.PUSHPANATHAN OF ASEAN).
WE SHOULD HOWEVER NOT FORGET THAT THESE DEVELOPMENTS NEED A LONG TIME BEFORE BEING IMPLEMENTED.
AND THE PARLIAMENTS AND THE PRESIDENT AND CONGRESS HAVE TO APPROVE ALL THESE IDEALS.
WE HAVE SEEN SIMILAR DEVELOPMENTS IN THE E.U. AND IT GOES UP AND DOWN EVERYTIME, GOOD PERIODS AND BAD PERIODS WITH BARRIERS AGAIN.THE PHILIPPINES HAVE TO BE VERY ALERT,YOU CAN GAIN IF YOU ARE PREPARED FOR THE BATTLE, IF NOT YOU CAN LOOSE THE COMPETITION ON THE WORLD MARKETS.
ANY WAY CONGRATULATIONS TRADE PARTNERS,A BIG STEP FORWARD.
GOD BLESS THE PHILIPPINES.
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