Pacific ring of fire ASEAN Geopolitical and economic organization Started in

Pacific ring of fire asean geopolitical and economic

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Pacific ring of fire ASEAN: Geopolitical and economic organization Started in 1967 Started by Indonesia, Malaysia, Philippines, Singapore, Thailand Created for the basis on economics and building the nations up Now includes Brunei, Burma, Cambodia, Laos, Vietnam Indonesia is the biggest economy by twice as much Purpose accelerate economic growth, social progress, peace and stability Striving to be like the EU Striving towards regional political integration, regional share airspace, common environmental policy, energy security policy, regional electric grid, regional human rights standards 10% of the world’s population 1.5 trillion GDP Next door neighbor to the soon to be biggest economy, China Associate members, China, Japan, S.Korea, ASEAN + 3 India, Australia, New Zealand Future of Asia, trade block of epic proportion TPP: Trans-Pacific Partnership Negotiation with 12 nations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, Vietnam Looks like a political and economic union Moving fast “The TPP intends to enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development and support the creation and retention of jobs” Free trade block It expanse across many continents and regions Eliminate tariffs on all service Proposing a common law on all intellectual property
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Desire to facilitate development of production and supply chains Could replace APEC because of same member P4 – Bruna, Chile, New Zealand, Singapore wanted to start it 2008 the US started to talk, September US wanted to join, NOV. Australia, so on and so forth 2013 Japan wanted to join and japan is currently not in any regional trade blocks 2013 South Korea wanted in Pacific Ring of Fire China has not been included in the talks because it is a foreign policy move against china and make sure china doesn’t become too powerful and so forth with Russia US is searching for Power Every time there has been a meeting there have been protestors and the meeting a secretive US laws being put on to the other states Intellectual Property clause is causing problems, business will be given the right to sue the government Japan has protected their rice, no rice comes into the country Business will be able to move their companies around
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