However, building an integrated economy ecosystem doesn’t only require geographical proximity, but also an adequate infrastructure (Donghyun et al., 2008).Įven though Southeast Asia is rich in resources and manufacturing, some areas still suffer from infrastructure lack and slow industrial development. Through AEC, ASEAN also commits to a freer flow of goods and services, and eases the distribution of skilled labor and the flow of capital in the region (Asian Development Bank Institute, 2015).ĪSEAN’s ambition to build an integrated regional economy sounds promising. AEC aims to promote a single market and product base, a highly competitive region, with equitable economic development (ASEAN, 2020a). As a close neighbor and strategic partner, ASEAN become the one whom China wants to share the future with.įor ASEAN, BRI and RCEP itself have an aligned purpose with the establishment of the ASEAN Economic Community (AEC). Rather than building an image as an economic great power, China focuses more on a friendly approach by promoting “a community with a shared future” to its neighbors (Wei, 2022). In pushing its foreign policy agenda, China has made visits to various neighboring countries in recent years. Then, how can China and ASEAN achieve their common goals? Are there any obstacles and challenges that they will face in implementing this CSP?Ĭhina-ASEAN: Sharing The Same Economic Vision The common vision between China and ASEAN certainly smoothes the process of this cooperation. On the other hand, ASEAN also has a similar agenda in the region, which is to build an economic community that regulates trade as well as delivers economic benefit to its members. Both projects are grand plans that have been prepared for economic integration and encouraging a more inclusive trade between two parties. In the economic aspect, the implementation of the CSP is carried out in line with the Belt Road Initiative (BRI) and the Regional Comprehensive Economic Partnership (RCEP) project. This mutual relationship between China and ASEAN is getting stronger after the agreement of the Comprehensive Strategic Partnership (CSP). China has also grown to become an economic giant in the Asian region and is predicted to surpass the US as the world’s strongest economy by 2030 (Jennings, 2022). China has become the largest ASEAN trading partner for 13 consecutive years since 2009 (Global Times, 2022).Ī survey conducted by the ISEAS-Yusof Ishak Institute to more than 1,600 ASEAN citizens said that 76.7% of them chose China as the most influential economic power in ASEAN (Heijmans, 2022). For ASEAN, China is a neighboring country as well as a strategic partner in various fields, especially in the economic field.
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