Co-opting Japan: EC seeks Tokyo's cooperation on aid to Asia

Article Abstract:

The EC is courting Japanese and Asian trade with conciliatory overtures. Measures include a commitment to provide more fair and realistic aid policies to Southeast Asian nations particularly developing ones, the replacement of troubled EC-Japan relations with a friendly and intimate economic relationship and increasing its aid budget to Asia by 55% during 1992 to 1995. EC policymakers admit to have been indifferent to Asian nations' trade interests. Observers say that allowing the European Investment Bank to provide long-term financing to Asia's developing nations will be a first step in rectifying thesemistakes.

Europe, International economic relations, Association of Southeast Asian Nations

---

Gatt on a knife-edge

Article Abstract:

The increasing trade hostility between the US and the European Community (EC) has resulted in the delay of the Uruguay round of world trade talks supported by the General Agreement on Tariffs and Trade (Gatt). EC's move to increase oilseeds production might harm the US soybeans exports. Meanwhile, the US plans to retaliate Brussels' move to increase tariff on US agricultural goods with a 200% tariff on EC products worth $300 million. Meanwhile, failure to hasten the talks might leave Asia's plans to expand exports of textiles and tropical goods unfulfilled.

United States, Political aspects, International trade, United States foreign relations

---

Being practical: EU seeks cooperation with Tokyo, Seoul

Article Abstract:

European leaders are forging closer economic and political ties with Japan and South Korea as they prepare for the first Euro-Asian summit, set for early 1996. European Union Trade Commissioner Leon Brittan is leading the way, trying to improve overall ties to Seoul and supporting Japan's effort to gain a permanent seat on the UN Security Council. Japan has responded to the soft European approach on trade differences by accepting certain European certification standards and easing procurement restrictions.

South Korea, East Asia

Similar abstracts:

• Abstracts: Chips with everything: Japan may lose in debate over managed trade. Yen on top: dollar and Deutschemark retreat from Japan
• Abstracts: Loss of patience. Breathing space: Clinton delays on conditions to China's MFN renewal. Lukewarm welcome: Dalai Lama gets cautious reception in Washington
• Abstracts: Chinese lessons. And now for China. Courting the dragon
• Abstracts: Distant thunder. The wages of peace. The fire next time
• Abstracts: Prize fighters: Democrats scramble for the spoils of victory. Traveller's tales

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.