The Comprehensive Economic Partnership for East Asia (CEPEA) is a Japanese led proposal for trade co-operation, free trade agreement, among the 16 present member countries of the East Asia Summit. All those movements and efforts were taken over by the following Regional Comprehensive Economic Partnership.rajit
The 16 countries are:
The CEPEA proposal was advanced by Japan in conjunction with the establishment of the Economic Research Institute for ASEAN and East Asia (ERIA). The two mechanisms are designed to be mutually supporting liberalisation and co-operation.
The details of the concept and its relationship with other proposals for the region, such as the East Asian Community, remain unclear. An alternative proposal based on the 13 members of the ASEAN Plus Three is called the East Asia Free Trade Agreement (EAFTA).
19.We noted the final Phase II Report of the Track Two Study Group on Comprehensive Economic Partnership in East Asia (CEPEA) and welcomed the decision of our Economic Ministers who met in Bangkok on 15 August 2009 to task the Senior Economic Officials to discuss and consider the recommendations in the Phase I and II reports. CEPEA and East Asia Free Trade Area (EAFTA) could be examined and considered in parallel.
13.We noted the final report of the Phase II feasibility study of the East Asia Free Trade Area (EAFTA) and welcomed the decision of 12th AEM Plus Three Consultations in Bangkok on 15 August 2009 to task the Senior Economic Officials to discuss and consider the recommendations in the Phase I and II reports. EAFTA and Comprehensive Economic Partnership in East Asia (CEPEA) could be examined and considered in parallel.
30. We noted the initiatives being undertaken to take forward broader regional integration by considering the recommendations of both East Asia Free Trade Agreement (EAFTA) and the Comprehensive Economic Partnership for East Asia (CEPEA) studies together. We looked forward to receiving the progress report at the 17th ASEAN Summit in October 2010 and to discussing with our Dialogue Partners the future direction of regional architecture with ASEAN at its core.
By August 2010 working groups involving the 16 nations to study Economic Cooperation, Rules of Origin, Customs Procedures and Tariff Nomenclature had been formed.
13 of the 16 nations (excluding India, Australia and New Zealand) are also simultaneously negotiating an East Asia Free Trade Area.
The two processes are not alternatives and both are being pursued simultaneously
The 16 members are presently involved in a series of separate arrangements among the members of the grouping. The 10 members ASEAN have established the ASEAN Free Trade Area. Australia and New Zealand have the long established Closer Economic Relations.
Between the 16 members bilateral and multilateral arrangements are in place or under negotiation.
ASEAN has the following arrangements in place:
plus China, Japan and South Korea are researching (as at October 2009) a joint arrangement between the three countries (China–Japan–South Korea Free Trade Agreement) with talks hoped to commence in 2012;
China has the following additional arrangements in place:
Japan has the following additional arrangements in place:
South Korea has the following additional arrangements in place:
Australia has the following additional arrangements in place:
India has the following additional arrangements in place:
multiple additional bilateral arrangements between one or more ASEAN members separately.
In addition individual members of ASEAN may also have other arrangements in place beyond the arrangements negotiated by ASEAN as a bloc i.e., Singapore by itself outside of ASEAN has a series of FTAs.
The current status is summarised below.
|ASEAN||China||Japan||South Korea||Australia||New Zealand||India|
ASEAN-India Car Rally is a rally car that took place in 2012. To mark the occasion of the 20th commemorative year of India-ASEAN relations, the 2nd edition of the ASEAN-India Car Rally took place from 26 November - 21 December 2012. The rally began in Yogyakarta Indonesia, with a ceremonial flag-off in Singapore and wind its way through 8 of the 10 ASEAN countries before finally ending in New Delhi, India. 31 Mahindra XUV 500 took part in this rally covering about 8000 km through 8 Asian countries.ASEAN–China Free Trade Area
The ASEAN–China Free Trade Area (ACFTA), also known as China–ASEAN Free Trade Area is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China.Closer Economic Relations
The Australia–New Zealand Closer Economic Relations Trade Agreement, commonly known as Closer Economic Relations (CER), is a free trade agreement between the governments of New Zealand and Australia. It came into force on 1 January 1983, but the actual treaty was not signed until 28 March 1983 by the Deputy Prime Minister of Australia and Minister for Trade, Lionel Bowen and the New Zealand High Commissioner to Australia, Laurie Francis in Canberra, Australia.Comprehensive Economic Partnership Agreement between India and South Korea
The Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreement between India and South Korea.
The agreement was signed on August 7, 2009. The signing ceremony took place in Seoul and the agreement was signed by the Indian Commerce Minister, Anand Sharma and South Korean Commerce Minister, Kim Jong-Hoon. The negotiations took three-and-a-half years, with the first session being held in February 2006. The agreement was passed in the South Korean parliament on 6 November 2009. It was passed in the Indian parliament the next week. Once passed, the agreement came into effect sixty days later, on January 1, 2010. It is equivalent to a free trade agreement. The agreement will provide better access for the Indian service industry in South Korea. Services include Information technology, engineering, finance, and the legal field. South Korean car manufactures will see large tariffs cuts to below 1%. All the while, Korean corporations have flooded India with cheaper imports of raw metal, steel and finished products.
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A comprehensive economic partnership agreement (CEPA) is a free trade agreement between two countriesEast Asia Summit
The East Asia Summit (EAS) is a regional forum held annually by leaders of, initially, 16 countries in the East Asian, Southeast Asian, and South Asian regions, based on the ASEAN Plus Six mechanism. Membership expanded to 18 countries including Russia and the United States at the Sixth EAS in 2011. Since its establishment, ASEAN has held the central role and leadership in the forum. EAS meetings are held after the annual ASEAN leaders' meetings, and plays an important role in the regional architecture of Asia-Pacific. The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.East Asian Bureau of Economic Research
The East Asian Bureau of Economic Research (EABER) is a forum for economic research and analysis of the major issues facing the economies of East Asia.
Based at the Crawford School of Public Policy at the Australian National University, it coordinates a network of think tanks and research institutions throughout the region including representatives from Japan, China, South Korea, Vietnam, Cambodia, Laos, Thailand, Malaysia, the Philippines, Indonesia and Australia.
EABER's primary role is the coordination of collaborative research projects on topics relating to the Asian economy. Recent projects have focused on the Asian Century, the impact of Chinese ODI and the role of the G20 in Asia. Bringing together expertise from across the region, EABER also hosts a series of academic conferences and public policy events to share and disseminate ideas on the Asian economy. The East Asia Forum - an EABER-run online publication - provides a platform for the latest research, accessible to policymakers, the wider academic community, and members of the public.East Asian Community
East Asian Community (EAC) is a proposed trade bloc for the East Asian and Southeast Asian countries that may arise out of either ASEAN Plus Three or the East Asia Summit (EAS).East Asian people
East Asian people (East Asians, Northeast Asians, or Orientals) is a racial classification specifier used for ethnic groups and subgroups that are indigenous to East Asia, which consists of China, Hong Kong, Macau, Japan, Mongolia, North Korea, South Korea, and Taiwan. The major ethnic groups that form the core of East Asia are the Han, Korean, and Yamato. Other ethnic groups of East Asia include the Bai, Hui, Tibetans, Manchus, Ryukyuan, Ainu, Zhuang, and Mongols.East Asian religions
In the study of comparative religion, the East Asian religions or Taoic religions form a subset of the Eastern religions. This group includes Chinese religion overall, which further includes Ancestral Worship, Chinese folk religion, Confucianism, Taoism and so-called popular salvationist organisations (such as Yiguandao and Weixinism), as well as elements drawn from Mahayana Buddhism that form the core of Chinese Buddhism and East Asian Buddhism at large. The group also includes Japanese Shintoism and Korean Sindoism (both meaning "Ways of Gods" and identifying the indigenous shamanic religion and ancestor worship of such peoples), which have received influences from Chinese religions throughout the centuries. Chinese salvationist religions have influenced the rise of Korean and Japanese new religions—for instance, respectively, Jeungsanism, and Tenriism; these movements draw upon indigenous traditions but are heavily influenced by Chinese philosophy and theology.
All these religious traditions, more or less, share core Chinese concepts of spirituality, divinity and world order, including Tao 道 ("Way"; pinyin dào, Japanese tō or dō, and Korean do) and Tian 天 ("Heaven"; Japanese ten, and Korean cheon).
Early Chinese philosophies defined the Tao and advocated cultivating the de, "virtue", which arises from the knowledge of such Tao. Some ancient schools merged into traditions with different names or became extinct, such as Mohism (and many others of the Hundred Schools of Thought), which was largely absorbed into Taoism. East Asian religions include many theological stances, including polytheism, nontheism, henotheism, monotheism, pantheism, panentheism and agnosticism. East Asian religions have many Western adherents, though their interpretations may differ significantly from traditional East Asian religious thought and culture.
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The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia. ERIA works very closely with both the ASEAN Secretariat and 16 Research Institutes to undertake and disseminate policy research under the three pillars, namely “Deepening Economic Integration”, ”Narrowing Development Gaps”, and “Sustainable Development” and provide analytical policy recommendations to Leaders and Ministers at their regional meetings. ERIA provides intellectual contributions to East Asian Community building and serves as a Sherpa international organization. ERIA ranks 32nd among the world's "Top 85 International Economics Think Tanks" according to the 2016 Global Go To Think Tanks Index Report conducted by University of Pennsylvania.Economic integration
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The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and its six FTA partners (China, Japan, India, South Korea, Australia and New Zealand).
RCEP negotiations were formally launched in November 2012 at the ASEAN Summit in Cambodia.In 2017, prospective RCEP member states accounted for a population of 3.4 billion people with a total Gross Domestic Product (GDP, PPP) of $49.5 trillion, approximately 39 percent of the world's GDP, with the combined GDPs of China and India making up more than half that amount.
RCEP is the world's largest economic bloc, covering nearly half of the global economy. According to estimates by PwC, the Gross Domestic Product (GDP, PPP) of RCEP member states is likely to amount to nearly $250 trillion by 2050, or a quarter of a quadrillion dollars, with the combined GDPs of China and India making up more than 75% of the amount. RCEP's share of the global economy could account for half of the estimated $0.5 quadrillion global (GDP, PPP) by 2050.Second East Asia Summit
The East Asia Summit (EAS) is a pan-Asia forum held annually by the leaders of 16 countries in the East Asian region. EAS meetings are held after annual ASEAN leaders’ meetings.