The BOAO Forum for Asia and the World Bank organized a day-long
seminar in Beijing Monday, at which they stated their intention to
collaborate on a three-year program of economic studies and the
promotion of international networks of expertise on Asian economic
cooperation and integration.
The seminar was organized in two parts, the first marked by a
discussion on the findings of a recent World Bank publication, East
Asia Integrates. The session was opened by Mr. Long Yongtu,
Secretary General of the Boao Forum and Mr. Yukon Huang, Country
Director for China at the World Bank. It was attended by
representatives of regional organizations, ambassadors from Asian
countries and others involved in the Boao Forum's activities, and
Chinese government officials, together with participants from think
tanks, academic institutions and the media.
"Economic integration has become a necessity for all regions to
cope with the challenges of the world economy today", said Mr.
Long, "and we would like to ensure its success in Asia." Messrs.
Long and Huang mentioned that the reason for the two institutions
to come together is to support the cause of regional cooperation by
providing robust intellectual underpinnings for decisions regarding
economic integration, regional policies and institutions. In this
connection, the Boao Forum and the World Bank intend to foster a
more intense network of expertise within both the developed and
developing countries, working towards strengthening Asian regional
integration. Mr. Long stressed that the Boao Forum is poised to
become a leading and respected voice on Asian economic cooperation.
"A sound program of analytical and policy studies, combined with
active interchanges among experts is required to support the
various debates that are currently taking place on Asian economic
integration. The Boao Forum, with its extensive involvement in such
issues and ability to reach the highest level of policymakers, and
the World Bank, with its tradition of development research,
international experience, and reputation for capacity-building, are
uniquely placed to support such efforts."
"Specifically," according to Mr. Huang, "the development agenda for
the region - with its focus on growth, jobs, and social stability -
and the trade policy agenda - with its focus on market access and
competitiveness - are closely linked." He went on to add that the
proposed collaboration on economic studies would allow regional
initiatives to be examined by the best analysts in the world,
drawing on the vast international experience that has been
accumulated already in other parts of the world.
In
presenting the East Asia Integrates volume, Mr. Homi Kharas, Chief
Economist for East Asia at the World Bank and co-editor said: "In
the context of the Doha development agenda, and from the likely
outcome of the Cancun meetings, it is clear that pursuit of a
'trade for development' strategy is vital for East Asia." He
presented the highlights of the new book, stressing that it urged
policymakers to broaden their approach beyond narrower, but
important, technical considerations of trade policy to emphasizing
development outcomes and links to social stability.
Countries must operate on three levels, the research suggests:
internationally, they can influence multilateral negotiations, and
should pay particular attention to standards and to liberalization
in agro-industries and services. Regionally, they can achieve
deeper integration to promote regional production networks, and
broader integration with scope for gains in agriculture and other
sensitive sectors. Nationally, they need to take a more
comprehensive approach to policy by adopting a consistent
development strategy addressing logistics, environment and labor
standards and poverty reduction as well as trade
liberalization.
Mr. Fu Ziying, Assistant Minister of Commerce, Mr. Narendra Raj
Pandey, Ambassador of Nepal and representative of SAARC, and Mr.
Andriana Supandy, Counsellor of the Indonesian Embassy and
representative of ASEAN provided their unique perspectives on
progress towards economic integration and the challenge that lie
ahead. Comments from the audience suggested broad endorsement of
the book's findings, with several participants stressing the
importance of linking trade and development more closely. They
stressed the importance of bringing more empirical evidence to bear
on questions of appropriate forms of regional cooperation, and
welcomed the initiative taken by the Boao Forum and the World Bank
to cooperate in this endeavor.
The second part of the day-long seminar was a technical workshop on
Rules of Origin. Mr. Homi Kharas, who presided over the workshop,
stressed that Rules of Origin are a key element of the integration
process. They determine the eligibility of products to receive
preferential access. "Therefore," as described by Mr. Paul Brenton,
a leading expert on the subject and World Bank staff member, "they
are integral parts of preferential trade arrangements such as
bilateral and regional trade agreements and the non-reciprocal
preferences that industrial countries offer to developing
countries." In view of upcoming discussion on various East and
Southeast Asian regional trade and investment arrangements, a
serious consideration of this issue is required in the light of
experiences gained in Asia so far and in other parts of the world.
The intention of the workshop, attended chiefly by technical
experts from various Chinese agencies, think tanks and academic
institutions, was to disseminate the latest knowledge on the
subject, setting it in the context of evolving issues in East and
Southeast Asian trade arrangements.
(China.org.cn September 8, 2003)
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