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The following article was published in our article directory on November 17, 2010.
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Asia Pacific Deepen Cooperation Should Simplified Trade Program

Article Category: Business

Author Name: Amanda xzh

Asia-Pacific region every year due to cumbersome trade procedures and potential costs resulting from up to 300 billion U.S. dollars. This is held in Kuala Lumpur recently, a United Nations forum to disclose information. Alarming data, reflecting the integration of the Asia-Pacific region is lagging behind the reality shows from another perspective, deepen cooperation in the Asia-Pacific region, increase regional connectivity aspects of promising.

Asia-Pacific region has become an important growth pole of world economy, the status of the rise. The international financial crisis, the U.S. and Europe have a negative economic growth in emerging economies in Asia has maintained a relatively fast economic growth, with China as the representative of emerging economies into the world to promote an important engine of economic recovery.

Asia-Pacific region to create economic miracles accompanied the 20th century, since the mid-80s, the Asia Pacific region, particularly the rapid development of trade within East Asia, the growth rate of nearly twice the average growth rate of world trade, far more than the North American Free Trade Area and the EU the growth rate of intra-regional trade. Among them, China's trade growth with the most significant. Asia-Pacific region gradually formed a kind of division of labor model with regional characteristics, that is, Japan, Korea, ASEAN exports to China more and more intermediate products assembled in China, the export market after the U.S. and Europe. China has become the base for final assembly of many multinational companies, many Asian countries and regions of Europe and America market, part of the original export into the Chinese market exports, trade surplus with Europe and the United States into China's trade surplus, China has emerged on neighboring countries and regions of the trade deficit and trade surplus of U.S. and European markets.

Increasingly close trade ties with the stark contrast in the region is lagging behind the regional economic cooperation process, in order to China, Japan, South Korea in Northeast Asia as the main performance is particularly prominent. Although the process of East Asian cooperation in recent years considerable progress has been made, but in Japan and South Korea Free Trade Area of the building is still no real breakthrough. Northeast Asia regional economic cooperation, one of the main drag, there has long been the region's history and political disputes, has led to distrust, so that regional economic cooperation can not achieve fundamental progress. Which in turn exacerbated the distrust. Slow progress in regional economic cooperation, trade in the Asia Pacific region led directly to higher costs and impact on national economic development.

High trade costs the Asia Pacific region countries in the region is also the economic environment and economic structure. Over the years, most countries and regions in Asia and the Pacific gradually formed characterized by export-oriented economic structure, economic growth in over-reliance on investment and export-led. This led to the Asia-Pacific region is relatively weak sense of regional economic cooperation. In view of regional economic cooperation stagnated, some countries and regions outside the Asia-Pacific region will turn its attention to countries or regional organizations, various forms of economic cooperation. It appears the Asia-Pacific countries and trade between North America and Europe than the cost of trade between Asia-Pacific countries is even lower the cost of the strange phenomenon.

Currently, the world economy is still in the recovery process. The transformation of economic growth mode, adjust the economic structure, expanding domestic demand, Asia-Pacific region economies facing major tasks. In view of this, the Asia-Pacific region should accelerate intra-regional trade liberalization and facilitation, elimination of all tariff and non-tariff barriers within the region, the simplification of trade procedures, reduce transaction costs, thus freeing the region's development potential.

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