Opportunities in ASEAN catch Washington's eye

Article Abstract:

Thirty-two billion dollars worth of US exports were marketed to Assn. of South East Asian Nations (ASEAN) members in 1994. Cognizant of the region's potential as a major importer of US products, the Dept. of Commerce is conducting an in-depth study on the ASEAN market. The ASEAN region is expected to become a bigger importer of US products than China and India combined. However, the US has yet to adopt a strategy to surpass Japan's success in penetrating ASEAN. Japan remains a dominant player in automobile and electronics exports.

International trade, Southeast Asia, Association of Southeast Asian Nations

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South Korea's OECD bid is complicated by questions about economy's openness

Article Abstract:

South Korea is finding it difficult to gain acceptance into the Organization for Economic Cooperation and Development (OECD), despite its continued economic growth. The OECD wants South Korea to reform its economy to promote greater 'openness.' Particularly, the OECD wants South Korea to liberalize controls on foreign-exchange, direct investment and international trade. Moreover, the organization wants South Korea to revise its tax laws and customs regulations to promote free-flowing trade.

South Korea, Economic policy, Membership, Trade policy, Organization for Economic Cooperation and Development, Commercial policy

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U.S. backs Sri Lanka's reform plan as starting point for peace negotiations

Article Abstract:

The US government has expressed its support for a new set of reforms proposed by Sri Lankan Pres. Chandrika Kumaratunga as starting point for peace negotiations. US officials have urged the warring parties in the 12-year civil war to end the bloodshed and instead seek out a peaceful solution to their problems.

Political aspects, Sri Lanka, Peace, Sri Lankan foreign relations

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