EAST ASIA

Sumary
We saw a presentation about the Asean and analized each of their integrants, also we learn about Vietnam, looking all the aspects of it. And we saw some of the principal countries and their general aspects.
We made an emphasis on Japan, learning everything about this country and all the important thing they have to offer to the world. We analyze important aspects as the tecnology, culture, language among other important issues.

Question
¿Is a trade pact between ASEAN and japan a good thing for the economy of both parties?
In recent months is known that the Association of South East Asian Nations (Asean) has agreed a preliminary free trade pact with Japan. The outline, signed during an annual meeting between Asean and Japan taking place in Manila, could be sealed as early as November officials said.
This deal cut tariffs on 90% of Asean products is set to further boost trade between the two parties, which hit $160bn (£79bn) in 2006. The most important issue and a positive aspect to te economy is that the Asean members aim to turn the whole region into a free trade zone.
Is obviously that Japan is a key Asean partner, accounting for 12% of the bloc's world trade in 2006. Also a free trade deal with South Korea is expected in 2008, and further deals are tipped to be signed with Australia and New Zealand in 2010.
All the members discussed the issue of product safety at the event following a series of recalled toys that had been made in China. A series of product recalls of Chinese toys has pushed the issue into the spotlight.
But we can say that this pact just lead opportunities of development and rise in economy for both paries as soon as the pact conclude, and begin to take place.

Bibliography
WK Kwan, PM Goh, Koizumi. Call for Japan-Asean pact. The Straits Times, 2002
M BARRY. ASEAN Free-Trade Area Discussions on Including China, Japan, and South Korea. International Economic Review, 2001 - ciaonet.org