Posts tagged ‘Association of Southeast Asian Nations’

05/09/2016

Britain, India to look at ways to retain strong trade ties after Brexit | Reuters

British Prime Minister Theresa May and Indian Prime Minister Narendra Modi agreed on Monday to look at ways to retain strong trading links after Britain leaves the European Union, a British official said.

“The Indians said they wanted to look at how we could continue to have a strong trading relationship and there was agreement that as we prepare to leave the EU, we should be exploring what that looks like,” the official said.

Prime Minister Modi said that we had always been an important partner for India and nothing about leaving the European Union would change that.”

The two leaders were meeting on the sidelines of the G20 summit in the Chinese city of Hangzhou.

Source: Britain, India to look at ways to retain strong trade ties after Brexit | Reuters

25/07/2016

ASEAN breaks deadlock on South China Sea, Beijing thanks Cambodia for support | Reuters

Southeast Asian nations overcame days of deadlock on Monday when the Philippines dropped a request for their joint statement to mention a landmark legal ruling on the South China Sea, officials said, after objections from Cambodia.

China publicly thanked Cambodia for supporting its stance on maritime disputes, a position which threw the regional block’s weekend meeting in the Laos capital of Vientiane into disarray.

Competing claims with China in the vital shipping lane are among the most contentious issues for the Association of Southeast Asian Nations, with its 10 members pulled between their desire to assert their sovereignty while finding common ground and fostering ties with Beijing.

In a ruling by the U.N.-backed Permanent Court of Arbitration on July 12, the Philippines won an emphatic legal victory over China on the dispute.

The Philippines and Vietnam both wanted the ruling, which denied China’s sweeping claims in the strategic seaway that channels more than $5 trillion in global trade each year, and a call to respect international maritime law to feature in the communique.

Backing China’s call for bilateral discussions, Cambodia opposed the wording on the ruling, diplomats said.

Manila agreed to drop the reference to the ruling in the communique, one ASEAN diplomat said on Monday, in an effort to prevent the disagreement leading to the group failing to issue a statement.

The communique referred instead to the need to find peaceful resolutions to disputes in the South China Sea in accordance with international law, including the United Nations’ law of the sea, to which the court ruling referred.

Source: ASEAN breaks deadlock on South China Sea, Beijing thanks Cambodia for support | Reuters

02/04/2015

India says will shake up trade tariffs to compete globally | Reuters

India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said on Wednesday.

A man walks past steel rims and parked cars at a dock yard at Mumbai Port Trust in Mumbai November 17, 2014.  REUTERS/Shailesh Andrade/Files

India has not been invited to join pacts such as the U.S.-led 12 country Trans-Pacific Partnership (TPP) and is “not in a position to join,” partly because its tariffs are not competitive, a top official said at the unveiling of a new five year trade policy.

“If the country is to stand up to these agreements, it’s important that we start to address these issues,” Trade Secretary Rajeev Kher said, adding that India’s access to markets was likely to erode when such pacts take effect.

Kher said India needed lower tariffs for intermediate goods to help it further integrate with global supply chains, and that these industries would have to come more competitive. He did not give more details.

Regional trade pacts are being promoted by advanced economies after years of failure to negotiate a global agreement under the World Trade Organisation.

via India says will shake up trade tariffs to compete globally | Reuters.

16/12/2014

China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ

When a unit of North Carolina’s Curtiss-Wright Corp. won a roughly $300 million deal in 2007 to supply components for new reactors in China, industry officials trumpeted China’s nuclear boom as good for U.S. business.

Today, Chinese companies are competing for that business—and foreign companies risk getting left out. Meanwhile, Curtiss-Wright’s contract is caught up in a legal dispute, while Chinese authorities blame the company in part for the delay of a landmark nuclear project. As the WSJ’s Brian Spegele reports:

U.S. and other foreign companies are now struggling to keep their hold in China, the industry’s biggest growth market and a rare bright spot more than three years after the Fukushima disaster in Japan put many of the world’s nuclear projects on hold. Yet China is increasingly turning to local companies to build crucial parts for multibillion-dollar nuclear projects, a result of Chinese industrial nationalism and frustration over U.S. supplier problems.

With the global nuclear industry focused on China, the Chinese government has used the heft of its huge market to secure transfers of key technology and gradually localize production. In the process, China is achieving a political aim to source sensitive manufacturing at home and satisfying a practical need to avoid complications posed by faraway suppliers.

One of those supplier issues has surfaced in eastern China’s Zhejiang province, where Pennsylvania’s Westinghouse Electric Co. is building the first of four of its most advanced, commercially available reactor, the AP1000, in China. Local authorities blame two-year delays in part on quality problems related to Curtiss-Wright. In a written statement, Curtiss-Wright said it has “refined and improved our design processes” as a result.

Still, despite the challenges, opportunities remain for international providers, said Rosemary Yeremian, president of Strategic Insights Inc., a Toronto-based consultancy. China is new to the global nuclear stage, and partnerships bring quality and other assurances, she said.

via China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ.

25/11/2014

Mrs. Modi, This Is What You’re Entitled to as Wife of India’s PM – India Real Time – WSJ

Narendra Modi’s wife wants to know what privileges she is entitled to as the spouse of India’s prime minister.

Six months into the role, Jashodaben Chiman Modi has asked police why she must use the bus when her security detail travels in a government car and what perks she should be getting as the wife of the country’s most-powerful man.

“I am the wife of the prime minister and as per formal procedure, I want to know what other services am I supposed to get,” Mrs. Modi wrote in a submission under India’s right to information law, according to a spokeswoman at the police station where the document was received.

An odd request for such a person to make you might think but here’s the thing.

Until he filed election nomination papers in April ahead of national polls, Mr. Modi had never mentioned his wife publicly.

The pair had an arranged marriage in their teens and Mr. Modi left her soon after the ceremony. The couple have lived apart since though they are not divorced.

But, after Mr. Modi swept to power in May, his wife, a retired school teacher, was allotted 24-hour protection from five security commandos by the Gujarat police.

In the RTI application submitted Monday, Mrs. Modi stated that “I want to know under which legal clauses/provisions and acts of [Indian] Constitution have I been given the security cover,” according to the police spokeswoman. Mrs. Modi could not be reached for comment. A spokesman for the prime minister was not immediately available for comment.

Referring to the assassination of former prime minister of Indira Gandhi by her security guards in 1984, Mrs. Modi said she “is frightened by the presence” of the commandos and “asked for all the details of her personal bodyguards,” the spokeswoman said.

Besides, she also asked for information about the “other honors and benefits” she is authorized to receive as the prime minister’s wife.

via Mrs. Modi, This Is What You’re Entitled to as Wife of India’s PM – India Real Time – WSJ.

19/11/2014

China’s Aging Migrant Workers – Businessweek

China’s migrant worker population is getting bigger and older and includes more families living together, a government report released today shows.

A Chinese migrant worker labors at the construction site of a real estate project in Jiujiang city, east Chinas Jiangxi province on March 3, 2014.

With 245 million migrant workers as of the end of 2013, China’s liudong renkou, or floating population, now amounts to one-sixth of all Chinese. That’s up from 236 million  a year earlier, says the study, released on Nov. 18 by the National Health and Family Planning Commission.

With China’s entire population aging, it’s no surprise that its migrants are getting older, too. The report says that the average age of migrant workers has gone from 33.1 years old in 2011 to 33.7 at the end of last year. And they are more likely to move with their families: The number of migrant worker parents bringing their children with them (6- to 15-year-olds) has risen to 62.5 percent, up 5.2 percentage points from 2011.

That’s good news. China has 61 million “left-behind children”, the offspring of migrant workers who are separated from their parents and still living in the countryside, according to some estimates. They make up more than one in five of all youth in China and often suffer from psychological problems, including juvenile delinquency, and are prone to high rates of dropping out of school.

The jump in children accompanying their worker parents may suggest that life for migrant families may be slowly starting to improve. China’s leaders have made urbanization a top goal and aim to lift the proportion of people living in cities from just over 53.7 percent now to 60 percent by 2020.

To encourage that, China’s economic planners announced last November that they will start to allow migrants to get more access to urban benefits including pensions, health care, and crucially education for their children. Progress on the complicated and expensive reforms, however, has been limited.

via China’s Aging Migrant Workers – Businessweek.

13/11/2014

China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters

China’s Prime Minister Li Keqiang proposed a “friendship” treaty with Southeast Asian countries on Thursday but reiterated that territorial disputes in the South China Sea should be settled directly between the countries involved.

(L-R) Australian Prime Minister Tony Abbott, Cambodian Prime Minister Hun Sen, Indian Prime Minister Narendra Modi, Brunei's Sultan Hassanal Bolkiah, China's Premier Li Keqiang, Myanmar's President Thein Sein, U.S. President Barack Obama, Malaysia's Prime Minister Najib Razak and Russia's Prime Minister Dmitry Medvedev pose for a photo before the East Asia Summit (EAS) plenary session during the ASEAN Summit in Naypyitaw November 13, 2014. REUTERS/Soe Zeya Tun

China, Taiwan and four Association of Southeast Asian Nations (ASEAN) have competing claims in the sea where concern is growing of an escalation in disputes even as the claimants work to establish agreements to resolve them.

“China … stands ready to become the first dialogue partner to sign with ASEAN a treaty of friendship and cooperation,” Li told leaders at a summit of East Asian countries in Myanmar.

The treaty is seen as an attempt by Beijing to dispel any notion it is a threat.

Li added China was willing to sign legal documents with more countries in the region on good-neighborliness and friendship.

Still, the Chinese premier reiterated Beijing’s resolve to safeguard its territorial sovereignty and its position that disputes concerning the South China Sea should be settled directly rather than collectively or through arbitration.

The competing maritime claims have formed an undercurrent of tension at the East Asian and ASEAN summits in Myanmar this week.

The Philippines, one of the ASEAN claimants, has previously irked Beijing by seeking international arbitration over China’s claims to about 90 percent of the South China Sea.

Diplomatic sources from the Philippines reacted coolly to China’s treaty proposal, saying that it lacked substance and was similar to a 2012 proposal made by Manila and ignored by Beijing.

Li will meet the heads of ASEAN countries behind closed doors later on Thursday, with Southeast Asian leaders hoping to persuade their giant neighbor to take a less bellicose approach to overlapping claims in the South China Sea.

The Philippines and Vietnam have sought closer U.S. ties to counter what they see as China’s aggression in the region.

via China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters.

07/11/2014

Foreign policy: Showing off to the world | The Economist

THE factories have closed down for a few days, and millions of cars have been ordered off the roads. Clear blue skies appearing over a usually smog-choked Beijing always mean one thing: a big event is about to get under way.

From November 10th President Xi Jinping will welcome world leaders to this year’s Asia-Pacific Economic Co-operation (APEC) summit. Not since the Olympics in 2008 have so many leaders gathered in the capital, and they will include the heads of the United States, Russia and Japan. It is a defining moment for Mr Xi’s foreign policy. Having established himself at home as China’s most powerful leader since Deng Xiaoping, he now seems to want to demand a bigger, more dominant and more respected role for China than his predecessors, Deng included, ever dared ask for.

Respect begins by putting on a good face to guests. Chinese bullying over disputed maritime claims has done much to raise tensions in the region. But now Mr Xi appears to be lowering them. In particular, China’s relations with Japan have been abysmal. The government has treated Japan’s prime minister, Shinzo Abe, with both venom and pettiness, implying he is a closet militarist. The relationship had sunk to such a low that it will count as notable progress if Mr Xi shakes Mr Abe’s hand—even if he does little more—at the summit.

On November 11th and 12th, Mr Xi will host a state visit in Beijing for Barack Obama. It is the second summit with the American president, following one at Sunnylands in California in 2013. It will be a good show, with a scenic walk and all that. But the substance appears less clear. At the time of Sunnylands, there was much Chinese talk of a “new type of great-power relationship” with America. Yet since it implies a diminished role for America, at least in Asia, Mr Obama does not seem inclined to go along. The two men appear likely to co-operate in a few areas, including climate change, trade and investment. They will agree to a bit more communication over respective military movements in and over the seas near China. But hopes that cordiality at Sunnylands might lead the relationship to blossom may come to little.

In truth, Mr Xi does not have much respect left for Mr Obama; the Chinese dismiss him as weak-willed in foreign policy. And so much of Mr Xi’s ambition lies elsewhere. Above all, the dream is to return China to its rightful place in a world in which, according to Bonnie Glaser of the Centre for Strategic and International Studies, a Washington think-tank, “China will be at the centre, and every other nation will have to consider China’s interests.”

This attitude is most familiar to China’s neighbours in the South China Sea and East China Sea. China has upset the Philippines by grabbing a disputed reef; Vietnam, by moving an oil rig into contested waters; Japan, by challenging its control over uninhabited islets; and even South Korea which, though on good terms, was concerned along with others when China declared an “Air Defence Identification Zone” over the East China Sea, demanding that planes inform it when entering it.

Yet Mr Xi has also courted friends under the catchphrase of “peaceful development”. He has pushed multilateral initiatives, including a new Asian Infrastructure Investment Bank, which many of China’s neighbours, including India, have signed up to. A New Development Bank has also been set up with fellow “BRICs”—Brazil, Russia, India and South Africa.

One of Mr Xi’s playmates is President Vladimir Putin. China and Russia have a history of mutual distrust, but Mr Xi’s first trip abroad as president, in March 2013, was to Moscow. Since then the two countries have struck a long-stalled gas deal and, according to Kommersant, a Russian newspaper, a pact on cyber-security. China backs Russia’s pro-Syrian stand in the UN Security Council and has refused to condemn Russia’s territorial incursions in Crimea and eastern Ukraine—though it loves to preach non-interference.

A strong thread that binds the two countries is American dominance in international affairs. “No country”, said Mr Xi at a security summit earlier this year to which Mr Putin was invited, “should attempt to dominate regional security affairs or infringe upon the legitimate rights…of other countries.” Mr Xi did not name America, but a month earlier Mr Obama had in Tokyo emphasised that America’s security pact with Japan extended to the Japan-controlled Senkaku islands, which China claims and calls the Diaoyu.

Is Mr Xi’s foreign policy succeeding? Only in parts. China’s maritime assertiveness has pushed some neighbours closer to Japan and America. But for long China will remain Asian nations’ biggest trading partner. It is busy pursuing regional and bilateral trade agreements while an American-led trade initiative, the Trans-Pacific Partnership, is bogged down. At APEC Mr Xi will seek to build on those economic relationships. And, given China’s heft, by and large he will succeed.

via Foreign policy: Showing off to the world | The Economist.

17/09/2014

Is China Ready to Step Up and Invest in India? – India Real Time – WSJ

While Chinese companies have been great at peddling their products in India, they have been surprisingly reluctant to invest here. China has invested less in India than even Poland, Malaysia or Canada have.

President Xi Jinping’s three-day visit to India starting Wednesday is likely to include some massive pledges to try to remedy this imbalance.

When Prime Minister Narendra Modi visited Japan recently, Japan pledged to invest $35 billion in India. President Xi is expected to try to eclipse Japan’s promises, possibly pledging $100 billion in investment according to some local reports. His meetings with Mr. Modi are predicted to lay the groundwork for a wave of Chinese money to build industrial parks and bullet trains.

Annual trade between India and China has galloped to $66 billion from $3 billion 14 years ago, something that underscores the rise of Beijing as the global manufacturing hub and India’s growing appetite for everything from phones to machinery from China.

While the trade relationship between the two countries has bloomed, foreign direct investment from China has not. According to Indian government statistics, the country has received a total of around $400 million from China in investment in the last 14 years. Even if you add the $1.2 billion of direct investment India received from Hong Kong, China is still well behind the $22 billion in foreign direct investment from the United Kingdom, $17 billion from Japan, $13 billion from the Netherlands and $1.9 billion from Spain.

It’s not that China doesn’t invest abroad. According to data from United Nations Conference on Trade and Development, China was the third biggest source of foreign direct investment last year, having invested more than $100 billion in other countries. In the seven years to 2012, it invested more than $25 billion in the 10 members of the Association of Southeast Asian Nations alone.

Chinese investment has tended to focus on the resources sector to power its economy. Much of it has gone into getting control of oil, natural gas and coal in Africa, Australia, Indonesia and elsewhere. India has not attracted much of this investment as it is a net importer of resources and has a heavily regulated energy sector, said Rajiv Biswas, economist for IHS.

“China wants to increase investment in India and wants Chinese companies on the ground there,” Mr. Biswas said. “Most of it will be in manufacturing and infrastructure space.”

Chinese companies may also be looking to move some of their manufacturing to India as they struggle with rising wages at home, said Ajay Sahai, director general and chief executive at Federation of India Export Organization.

If India can’t find better ways to fix its trade imbalance with China, New Delhi may want to increase taxes on some imports such as auto-components and pharmaceuticals to encourage Chinese companies to set up factories in India, he said.

“This will not only raise Chinese investment in India but also help in fixing the trade imbalance,” said Mr. Sahai.

via Is China Ready to Step Up and Invest in India? – India Real Time – WSJ.

19/06/2014

China, ASEAN to have South China Sea talks – Xinhua | English.news.cn

China is willing to work with the Association of Southeast Asian Nations (ASEAN) to promote a code of conduct (CoC) in the South China Sea, Foreign Ministry spokeswoman Hua Chunying said on Thursday.

Map of the South China Sea

Map of the South China Sea (Photo credit: Wikipedia)

Hua’s comment came ahead of the 11th joint working group meeting between China and ASEAN on the implementation of the Declaration on the Conduct (DoC) of Parties in the South China Sea. The meeting will be held from next Tuesday to Wednesday in Bali, Indonesia. “China is ready to work with the ASEAN for comprehensive and effective implementation of the declaration and steadily push forward consultations on a CoC,” Hua said. Maritime cooperation on navigation security and joint search and rescue will be discussed during the meeting, Hua said. She called for favorable conditions for the implementation of the DoC and formulation of a CoC to maintain peace and stability in the South China Sea. China and ASEAN officials met in March in Singapore for the 10th joint working group meeting on the implementation of the DoC. via China, ASEAN to have South China Sea talks – Xinhua | English.news.cn.

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