A kick in the Asean; The Philippines bids for trade leadership

Article Abstract:

The Philippine government has proposed that the Association of South East Asian Nations (ASEAN) adopt an economic policy that will eliminate all preferential tariffs without regard to reciprocity by 2000. This policy would benefit all ASEAN countries by increasing efficiency and national wealth through open trade. A single group policy like the Philippine proposal is more efficient that seven separate agreements. Only Brunei and Singapore currently have nondiscriminatory tariffs in place among ASEAN members.

Editorial, International trade, Economic policy, Philippines, International trade regulation, Association of Southeast Asian Nations

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India & Australia building closer ties

Article Abstract:

The new political environment in India has resulted in better relations with Australia. The coalition government headed by I.K. Gujral is continuing its efforts for more economic reforms. The economic crisis in Asian countries has not affected the Indian economy, but its exports have decreased. Australian companies are looking to invest in power generation, software systems, and manufacturing components for light systems.

Australia, Indian foreign relations, India, Australian foreign relations

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