Trade in ASEAN

1. To create regular reforms in the region to boost economic growth and increase trade for the countries involved
2. Economic Research Institute for ASEAN and East Asia is an institute desdicated to look at economic reform and integration in the region
3. ASEAN Economic Community is a comunity within ASEAN of countries that have economic ties with eachother
4. Transport, services, investment facilitation are the three key areas looked at at the conference
5. The group plans to meet once a year to discuss the plans
6. They wish to put all the regulatory reforms made by the members into a knowledge bank
7. I think the chairman is Adrian S. Cristobal who is the Trade Undersecretery from the Phillipines. The Phillipines GDP is now $161.2 billion US which is small compared to Australias $924.84 billion US
8. I think economic integration is where different countries regulate their laws so that trade can pass between them easier
9. This should be good for Australia as it means Australian buisnesses would find it easier to set up overseas as well as other countries setting up here. This should help stabilise all our economies and make more money in the region.