110 likes | 265 Views
High-Level Seminar on China-ASEAN Relations 23-24 September 2006 Beijing, China organized by East Asian Studies Center China Foreign Affairs University. Panel II: Issues in Furthering China-ASEAN Partnership Presentation by. Pang Eng Fong Singapore Management University. Context.
E N D
High-Level Seminar on China-ASEAN Relations23-24 September 2006 Beijing, Chinaorganized byEast Asian Studies CenterChina Foreign Affairs University
Panel II: Issues in Furthering China-ASEAN Partnership Presentation by Pang Eng Fong Singapore Management University
Context Global Issues, Regional Integration and National Imperatives
China-ASEAN Relations • Long history of interaction • Concentrated in original ASEAN-5 • Rapid two-way trade growth – est. $100 billion in 2006; ASEAN accounts for 7% of China’s exports and 11% for imports • Since 2002, substantive cooperation in many areas
China’s Transformation: Impact on Asia/ASEAN • Growth engine for East Asia and ASEAN • Export and investment opportunities for Northeast Asia • Competitive pressures on ASEAN; competition in third-country markets, price competition in home markets
China’s Growth and ASEAN • Spurs market-driven integration • Benefits all but unequally • Creates adjustment issues for all • Helps foster stronger sense of regional interdependence and community
China’s Transformation and ASEAN • New geo-political and geo-economic environment • ASEAN must adapt but cannot choose sides (bet US and China, bet China and Japan) • China needs excellent ties with ASEAN as example
China-ASEAN FTA • China-ASEAN market-sharing FTA a historic move • FTA changes regional production patterns, makes China-ASEAN economies complementary • More China FDI in ASEAN • More ASEAN commodities/agricultural products for China • ASEAN’s “early harvests”
Moving Forward (1) • Strengthen economic partnership (ACFTA as benchmark, going beyond goods) • Expand high-level exchanges and people-to-people contacts • Address image/reputational matters (China/ASEAN centers?) • Build confidence on security issues
Moving Forward (2) • Use multilateral processes for regional issues • Work together on transnational issues • Promote an East Asian Community • Reform to compete and cooperate better