Iranian President Ahmadinejad urges Central Asian nations to create a New World Order

Front row from left, Iranian President Ahmadinejad, Kazakhstan’s President Nazarbayev and Russian President Medvedev walk after a meeting of the Shanghai Cooperation Organization in Kazakhstan’s capital Astana, June 15, 2011. Photo: AP

voanews.com | Jun 15, 2011

Iranian President Mahmoud Ahmadinejad has urged Central Asian nations to create a new world order that ends the domination of what he called the “enslavers and colonizers of the past” – a reference to Western powers.

Ahmadinejad was speaking Wednesday at the opening of a regional summit of the Shanghai Cooperation Organization (SCO) in the Kazakh capital, Astana. Addressing the summit as an observer, he said all of the participating nations have a history of avoiding conflicts and together can bring peace to the world.

The SCO is a regional security and economic forum whose members include China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.  Several nations participate as observers, including Iran, India, Pakistan and Mongolia.

The Iranian president used much of his summit speech to blame unnamed Western countries for global instability. After the summit, Russia says President Dmitry Medvedev urged Mr. Ahmadinejad to take a “more constructive approach” in resolving a dispute with six world powers about the Iranian nuclear program.

Russian Foreign Minister Sergei Lavrov says Mr. Medvedev also called on the Iranian president to improve the transparency of his contacts with the United Nations nuclear agency. The Russian president made the appeals in a three-way meeting with  Ahmadinejad and Kazakh President Nursultan Nazarbayev.

Six major powers, Russia, China, the United States, Britain, France and Germany, have been trying to persuade Iran to stop sensitive nuclear work in return for diplomatic incentives, but the talks have been stalled for months.

In private talks ahead of the summit Tuesday, Chinese President Hu Jintao also urged  Ahmadinejad to resume the six-nation talks, saying Iranian steps to establish trust and promote dialogue would be in the interest not only of Iran but of the Middle East as a whole.

Western powers accuse Iran of trying to develop nuclear weapons under the cover of a civilian energy program. Lavrov says Ahmadinejad told his Russian counterpart that Iran has no intention of becoming nuclear-armed.

During Wednesday’s summit, Russia appeared to win support from other SCO members for its criticism of U.S. plans for a missile defense shield in Europe. In a declaration, the bloc said the “unilateral and unlimited” build-up of missile defense systems by one state or narrow group of states could “damage” global security.

The declaration did not mention any nation specifically. The United States has said its proposed European missile defense shield is meant to protect the region from potential attack by Iranian missiles. But Russia fears the system will weaken its nuclear deterrent.

Economists foretell of U.S. decline, China’s ascension

Reuters | Jan 9, 2011

By Mark Felsenthal

DENVER (Reuters) – To hear a number of prominent economists tell it, it doesn’t look good for the U.S. economy, not this year, not in 10 years.

Leading thinkers in the dismal science speaking at an annual convention offered varying visions of U.S. economic decline, in the short, medium and long term. This year, the recovery may bog down as government stimulus measures dry up.

In the long run, the United States must face up to inevitably being overtaken by China as the world’s largest economy. And it may have missed a chance to rein in its largest financial institutions, many of whom remain too big to fail and are getting bigger.

On the one hand, Harvard’s Martin Feldstein said he believes the outlook for U.S. economic growth in 2011 is less sanguine than many believe.

First, the boost to growth from government spending will be drying up this year, he said. Renewal of expiring tax cuts is no more than a decision not to raise taxes, and the impact of one-year payroll tax cut is likely modest, he said.

“There’s really not much help coming from fiscal policy in the year ahead,” he said. Woes from the dire situations of state and local governments may actually be a drag on growth, he said.

Growth got a lift from a lower saving rate in 2010, but that probably will not last this year as households worried about an uncertain future return to paring back debt and socking more away, Feldstein added. Discouraging declines in home values mean there is less to save from, he said.

“People are worried, so there’s a strong reason for precautionary saving,” he said.

THE RACE IS ON

On the other hand, there is the race with China and the dynamic Asian economies, including India. Most estimates put the size of the Chinese economy on par with the United States by the early 2020s, said Dale Jorgenson, also of Harvard.

Jorgenson sees Asian emerging markets as the most dynamic in the world, eclipsing other emerging market contenders such as Brazil and Russia with steady growth over the next decade.

“The rise of developing Asia is going to accompany slower world economic growth,” he said.

The United States will need to come to terms with the fact that its prevalence in the world is fated to come to an end, Jorgenson said. This will be difficult for many Americans to swallow and the United States should brace for social unrest amid blame over who was responsible for squandering global primacy, he said.

MIT’s Simon Johnson put it more bluntly, saying the damage from the financial crisis and its aftermath have dealt U.S. prominence a permanent blow.

“The age of American predominance is over,” he told a panel. “The (Chinese) Yuan will be the world’s reserve currency within two decades.”

Johnson said he believes the United States has failed to learn its lesson from the financial crisis and continues to implicitly back its largest financial institutions.

“I’m concerned about the excessive power of the largest global banks,” he said. “Who are the government-sponsored enterprises now? It’s the six biggest bank holding companies.”

To be sure, Raghuram Rajan, a former IMF chief economist now with the University of Chicago’s Booth School of Business, could still envision an ongoing U.S. leadership role.

Nothing proceeds in a straight line, he said, and there are many pitfalls along the way even for dynamic Asian economies.

“I would say the age of American dominance may be nearing an end. But America as the biggest mover will be in place for a long time,” he said.

(Reporting by Mark Felsenthal; Editing by Maureen Bavdek)

2010 Bilderberg Meeting Location Exposed

Bilderberg Found!

wearechange.org | Apr 9, 2010

By James P. Tucker, Jr.

The Bilderberg GroupThe Bilderberg group will conduct its annual meeting June 3-6 in Sitges, Spain (a small, exclusive resort town about 20 miles from Barcelona) behind a wall of armed guards who will seal off the resort in a futile attempt to keep the event secret.

Bilderberg’s meeting will follow that of its brother group, the Trilateral Commission, which will gather at the Four Seasons Resort in Dublin, Ireland May 6-10. Leaders of Bilderberg also attend the Trilateralists’ meeting to map their common agenda. About 300 attend Trilateral Commission meetings, which are conducted behind sealed-off, guarded floors of their hotel. About 100 will attend Bilderberg, which seals off the entire resort behind platoons of uniformed police and private security.

Bilderberg hopes to keep the global recession going for at least a year, according to an international financial consultant who deals personally with many of them. This is because, among several reasons, Bilderberg still hopes to create a global “treasury department” under the United Nations. Bilderberg first undertook this mission at its meeting last spring in Greece, but the effort was blocked by nationalists in Europe and the United States. “Nationalists” (a dirty word in Bilderberg) objected to surrendering sovereignty to the UN.

AFP’s source pointed to the words of French President Nicolas Sarkozy in a March 29 speech at notoriously left-wing Columbia University, where he said, “We should invent a new global monetary order.”

He was clearly referring to the recently proposed world “treasury department.”

Bilderberg’s ultimate goal remains unchanged: Turn the UN into a world government with “nation-states” becoming merely geographic references. The European Union is to become a single political entity, followed by the “American Union” and, finally, the “Asian-Pacific Union.” The “American Union” is to include the entire Western Hemisphere, including Cuba and other offshore islands.

Like the EU, the “AU” will have a legislature, executive commission and head of state which can impose laws on member nations. There is to be an EU-like common currency, removing each member state’s symbol of sovereignty. The “Asian-Pacific Union,” or “APU,” is to follow a similar path.

But growing public awareness of the evil agenda of Bilderberg and the Trilateralists has emerged as a significant barrier. For decades, until 1975 when The Spotlight emerged, the blackout was 100 percent complete worldwide. (The Spotlight is AFP’s lineal ancestor.)

Today, in Europe, major metropolitan newspapers and broadcast outlets give both groups heavy, front-page attention. In the United States, independent newspapers and broadcast stations give Bilderberg extensive coverage.

But the major newspapers and network broadcasters maintain a complete blackout in the United States. That’s because their executives have attended these meetings on lifetime promises of secrecy. The hypocritical owners of The Washington Post have attended since 1954. The Post’s chairman, Donald Graham, and associate editor, Jimmy Lee Hoagland, have attended each meeting for years.

But as public awareness grows, so does patriotic resistance. There is strong resistance throughout Europe to increasing the powers of the EU at the cost of national sovereignty. In the United States, there is growing resistance to the proposed North American Free Trade Agreement, which would eliminate borders between the United States, Mexico and Canada. NAFTA is to expand, under Bilderberg-Trilateral plans, to include the entire hemisphere and evolve into the “American Union.”

In the 1990s, Bilderberg was confident that the “American Union” would be established by the year 2000. A decade later, they are still fighting—and losing— the battle.

AFP correspondent James P. Tucker Jr. is a veteran journalist who spent many years as a member of the “elite” media in Washington. Since 1975 he has won widespread recognition, here and abroad, for his pursuit of on-the-scene stories reporting the intrigues of global power blocs such as the Bilderberg Group.

Building Blocks Towards an Asia-Pacific Union

NAU Resistance | Nov 30, 2009

By Dana Gabriel

Although some may have viewed President Barack Obama’s recent Asian trip as uneventful and perhaps unsuccessful, he appears to have recommitted to the principles of globalization as the answer to the world’s economic woes. Obama declared his intentions for the U.S. to be fully engaged in Asia economically, politically, and in areas of security. He announced that America would join negotiations for a Trans-Pacific deal. This could be used as an opportunity for the U.S. to reassert its leadership in regards to trade initiatives and might also serve as a stepping stone for a larger free trade agreement.

The recent Asia-Pacific Economic Cooperation (APEC) Summit was held in Singapore and marked its 20th anniversary. It brought together world leaders, foreign, finance and trade ministers, along with other delegates from its 21 member nations. APEC was founded to promote greater trade and integration in the region, but its scope has expanded to include environmental, climate change, energy, as well as other issues. In a Statement by APEC Leaders, they agreed to a new growth paradigm for the Asia-Pacific region, endorsed the goals of the G20 Framework and rejected protectionism. The Leaders, “launched a pathfinder initiative led by Australia, Canada, Japan, Korea, New Zealand, Singapore, and the United States to practice self-certification of origin so that businesses can better take advantage of free trade agreements in the region.” This is in an effort to cut costs for exporters and further boost trade. APEC Leaders also agreed to, “continue to explore building blocks towards a possible Free Trade Area of the Asia-Pacific in the future.”

While on his eight-day Asian tour, which included stops in Japan, Singapore, China, as well as South Korea, President Obama recommitted to the Trans-Pacific Partnership (TPP). It was President George W. Bush who first pledged U.S. participation in the TPP. The trade deal was put on hold pending a review of U.S. trade policy. A government fact sheet describes the TPP as a, “potential platform for economic integration across the Asia Pacific region. The United States will engage with an initial group of seven like-minded countries, Singapore, Chile, New Zealand, Brunei, Australia, Peru, and Vietnam, to craft a platform for a high-standard, comprehensive agreement – one that reflects U.S. priorities and values – with these and additional Asia-Pacific partners.” Australia will host TPP negotiation sessions in March of next year and a trade treaty could be in place by 2011. Many nations in the region are already bound by various regional and bilateral trade agreements. Expanding the TPP would further distinguish it as the only regional free trade agreement that spans both sides of the Pacific, linking Asia with the Americas. It could also gradually evolve into an Asia-Pacific free trade zone and include APEC members, as well as other nations. Such an undertaking is seen as years away, but U.S. participation in the TPP could speed up such plans.

The United States Trade Representative website reported that after the APEC Summit, “USTR staff and their TPP country counterparts met to discuss work that would need to be done to develop proposals to fill gaps in previous trade agreements and to shape a 21st century trade agreement. These discussions will inform consultations with Congress and with stakeholders about how best to move forward on TPP.” In his article above referenced, Jim Capo noted that, “For the US to undertake negotiations for a trade agreement Congress has first to grant approval to start specific negotiations, and has also to grant Trade Promotion Authority to enable the Executive to conclude the negotiations and put an agreement to Congress with a yes or no vote, without amendments.” He goes on to say that, “There has been no formal Congress approval of TPPA negotiation, President Bush’s Trade Promotion Authority has also expired in March 2007. This means the current US administration has no approval to start negotiation and no authority to conclude them.”

Ahead of the APEC Summit, Australian Prime Minister Kevin Rudd proposed an Asia-Pacific Community by 2020. The regional group would be based on the European Union-style model. It would go beyond APEC and encompass not only economic, but political and security issues. In October of this year, Republican Senator Richard Lugar announced his intentions to introduce legislation aimed at negotiating a free trade agreement with the Association of South East Asian Nations (ASEAN). The first ASEAN-U.S. Leaders meeting was held in Singapore on November 15. In a Joint Statement the U.S., “welcomed ASEAN’s plans to achieve an ASEAN Community by 2015 based on the ASEAN Charter, and reaffirmed its commitment to support those plans.” ASEAN and the U.S. also agreed to hold a second Leaders meeting in 2010.

On his Asian trip, Obama emphasized the need to strengthen old alliances as well as build new partnerships in the region. He said, “the growth of multilateral organizations can advance the security and prosperity of the region.” He also added, “As an Asia-Pacific nation the United States expects to be involved in the discussions that shape the future of this region and to participate fully in appropriate organizations as they are established and evolve.” In his article above referenced, Jim Capo noted that, “The Trans-Pacific Partnership Agreement is the sister agreement to the Trans-Atlantic Agenda. Together with NAFTA and the North American Leaders Summit (new name for the discredited SPP), these deals are building blocks for an integrated system of global governance managed by Western financial interests and their collaborators around the world.”

Dana Gabriel is an activist and independent researcher. He writes about trade, globalization, sovereignty, as well as other issues.

Contact:beyourownleader@hotmail.com
Visit his blog site at: beyourownleader.blogspot.com

Obama hails China’s expanded role in world affairs

AP | Nov 13, 2009

By JENNIFER LOVEN

TOKYO — President Barack Obama said Saturday that he welcomes a robust China on the world scene, but he cautioned that all nations must respect human rights, including religious freedoms. In a speech to prominent Japanese, Obama called himself “America’s first Pacific president” and urged greater cooperation between the United States and Japan and other Asian countries.

He played down some Westerners’ fears of an ascending China, especially in economic affairs.

“We welcome China’s efforts to play a greater role on the world stage, a role in which their growing economy is joined by growing responsibility,” Obama said.

“The United States does not seek to contain China,” he said. “On the contrary, the rise of a strong, prosperous China can be a source of strength for the community of nations.”

But Obama diplomatically reminded China and other non-democratic nations in Asia that the United States wants them to allow more freedoms to their citizens.

“Supporting human rights provides lasting security that cannot be purchased in any other way,” he said. “That is the story that can be seen in Japan’s democracy, just as it can be seen in America’s.”

Obama said all people want to speak their minds, choose their leaders, access information and worship as they please.

He did not mention particular sore spots such as Tibet, a region of China where authorities have suppressed religious freedom and nation aspirations. He did, however, criticize Burma for suppressing human rights and North Korea for pursuing nuclear weapons.

In a weeklong visit to Asia, Obama is emphasizing cooperation, warning North Korea that there will be tough, unified action by the U.S. and its Asian partners if the Koreans fail to abandon their nuclear weapons programs.

CNBC – Dollar Will be Utterly Destroyed, Global Currency, New World Order

Youtube | Nov 6, 2009

Posted by: SignificantImagery

The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

“If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.

For those who have claimed this is a fake clip I suggest you visit CNBC’s website:

http://www.cnbc.com/id/33709379

Note the inverted pyramid/illuminati triangle with the hypnotic spinning lights of Nine Points Capital Partners in the background. – PJ

‘India, China will create New World Order’

Former governor of Reserve Bank YV Reddy delivering the Justice Konda Madhava Reddy memorial lecture on `Global Financial Crisis & Asia’ in Hyderabad.

Express News Service | Oct 31, 2009

HYDERABAD: Indicating that the US will no longer be the leader of world economy, former Rerve Bank of India governor Y Venugopal Reddy has predicted that India and China will dominate the scene. Delivering the Justice Konda Madhava Reddy Memorial Lecture on `Global Financial Crisis and Asia’ at AV College here today, he said return to normalcy at the end of the recession need not mean return of the old world economic order.

“Asian economy suffered less and is recovering faster than the rest of the world as both India and China managed to strike macro-economic balance.

India scored over other countries with efficient balancing between savings and investments due to its conservative nature,’’ he said and accused developed countries like the US for consuming more than they could save while other countries starved. “India can take measures to manage the crisis by defining the parameters of a new order through a process of rebalancing and withdrawl of certain extraordinary measures that can strike a financial balance. It is in a better position to wrest significant gains from globalisation than many other developing countries.’’ He suggested that India voice its concerns along with other developing countries to modify the international trading arrangements for the benefit of developing countries apart from identifying and strengthening itself.

Former Supreme Court judge Justice P Venkatrami Reddi, AP High Court Chief Justice Anil R Dave and AP State Human Rights Commission Chairman P Subhashan Reddy were among the dignitaries who attended the annual event organised by the Justice Konda Madhava Reddy Foundation.

Japan pushes for East Asia bloc, US role uncertain

Reuters | Oct 24, 2009

By Jason Szep and Yoko Nishikawa

HUA HIN, Thailand, Oct 24 (Reuters) – Japan’s prime minister backed a U.S. role for a proposed EU-style Asian community on Saturday, telling Southeast Asian leaders Tokyo’s alliance with Washington was at the heart of its diplomacy.

Making a case for an East Asian Community at a summit of Asian leaders in Thailand, Prime Minister Yukio Hatoyama said there should be some U.S. involvement in the bloc, which faces stiff obstacles including Japan’s historic rivalry with China.

It was unclear how a U.S. role would work. But the comment may help allay concern in some countries that such a body would ultimately fail by shutting out the world’s biggest economy.

Hatoyama may also be trying to defuse U.S.-Japan tension over the long-planned reorganisation of the American military presence in Japan, the first big test of ties between Washington and the new Japanese government.

“Japan places the U.S.-Japan alliance at the foundation of its diplomacy,” Hatoyama said at the meeting, according to a Japanese government spokesman.

“I would like to firmly promote regional cooperation in East Asia with a long-term vision of forming an East Asian Community.” Several Southeast Asian leaders expressed support for the bloc, but none spoke of a U.S. role at the meetings.

The talks are part of a three-day leaders’ summit which got off to a rancorous start on Friday, marred by a diplomatic spat between Thailand and neighbour Cambodia, a trade feud over Filipino rice and a few no-shows in the 10-member Association of South-East Asian Nations (ASEAN).

China had a very different message at the meetings, signalling possible trouble ahead for Hatoyama. While he promoted a new community, Chinese Premier Wen Jiabao focused on the current one, delivering what Chinese state media described as a six-point proposal for strengthening links with ASEAN.

This included developing a recently signed China-ASEAN free trade pact and accelerating regional infrastructure construction.

MYANMAR, NORTH KOREA

An ASEAN statement summing up talks within its own members urged its most recalcitrant state, Myanmar, to ensure elections next year are free and fair, though it stopped short of seeking the release of detained pro-democracy icon Aung San Suu Kyi.

That came a day after ASEAN launched a human rights commission as part of a plan to build an economic and political community by 2015, and drew a scathing rebuke from rights activists who said it was toothless and lacked independence.

The region’s leaders also called on North Korea to return to six-way nuclear disarmament talks.

The summit in the resort town of Hua Hin gave Asia’s economic titans, China and Japan, a chance to jockey for influence in Southeast Asia, a region of 570 million people with a combined $1.1 trillion economy, as it pulls out of recession.

Japan’s new government sees its influence bound to the East Asian Community, an idea inspired by the European Union that would account for nearly a quarter of global economic output.

It would encompass Japan, China, South Korea, India, Australia and New Zealand, along with ASEAN countries.

After meetings with China, Japan and South Korea, ASEAN holds talks on Sunday with India, Australia and New Zealand.

Australian Prime Minister Kevin Rudd on Sunday will push another idea for a new, separate forum of Asia-Pacific nations to respond to regional crises. His idea includes the United States.

Washington has stepped up Asian diplomacy under the Obama administration and fears missing out on such groupings, especially as Japan considers redefining its U.S. security alliance, and Beijing expands its diplomatic and trade presence.

Exactly how Washington would participate is uncertain.

Asked if Washington would be a member of the Community, a Japanese government official told reporters: “It remains unclear. We have to see how multilateral meetings will turn out today.”

The proposal wasn’t elaborated upon, said Mari Elka Pangestu, trade minister of Indonesia, Southeast Asia’s biggest economy. “How the U.S. participates — because the U.S. is one of our dialogue partners — we need to think through.”

China has been coy about the idea while rapidly expanding ties across Southeast Asia — from building sleek new government offices in Cambodia to working closely with reclusive Myanmar.

“China wants to establish healthy relations with the new government in Japan, so it is not going to object to discussing this idea,” said Shi Yinhong, a regional security professor at Beijing’s Renmin University.

“But everybody understands the idea of an East Asia Community is extremely far off,” he added.

Host Thailand deployed about 18,000 security personnel backed by military gunships, determined to avoid a rerun of mishaps at past summits.

Japanese Prime Minister pushes for Asian Union

Financial Times | Oct 24 2009

By Kevin Brown in Hua Hin, Thailand

Yukio Hatoyama, the Japanese prime minister, won wide backing from Asian leaders on Saturday for his vision of an East Asian Community modelled on the European Union, his official spokesman said.

“There is an overall expression of welcome to the prime minister’s initiative,” Kazuo Kodama said after Mr Hatoyama met 11 other heads of government, including Manmohan Singh, his Indian counterpart.

However, Mr Hatoyama failed to dispel confusion over the proposed role of the US in the EAC, saying only that the relationship with Washington was the “foundation” of Japanese security, and that Tokyo would consult closely with the Americans.

Mr Kodama said the proposed community would build on the existing relationship between the 10 member Association of South East Asian Nations, which held a two-day summit in Hua Hin on Friday and Saturday, and the six countries that will join it for the East Asian Summit on Sunday.

That would give membership to Japan, China, India, South Korea, Australia and New Zealand, plus the Asean countries – Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, Burma, Brunei, Cambodia and Laos.

In a statement, the Asean leaders welcomed the Japanese prime minister’s attempts to reinvigorate Japan’s relations with other Asian countries, including the long-term vision of an EAC.

However, the Japanese prime minister also said that the Asia Pacific Economic Cooperation grouping could be “complementary” to the EAC. Apec, whose leaders meet next month in Singapore, includes the US and other Pacific nations from North and South America.

Such a grouping would be closer to an alternative idea proposed by Kevin Rudd, prime minister of Australia, for an Asia Pacific community that would also include the US and other American countries with a Pacific coastline.

The South East Asian leaders met the leaders of Japan, China and South Korea in a summit known as the Asean + 3 meeting after wrapping up their own summit on Saturday morning with a statement urging Thailand and the Philippines to settle a rice dispute that could derail a regional trade agreement.

The annual series of summits provides an opportunity for Japan, China and India to compete for influence in South East Asia, which has a population of more than 500m and a combined economy bigger than India’s.

Mr Hatoyama’s attempts to build support for an EAC reflect the new Japanese government’s determination to adopt a more proactive approach than its predecessor to engagement with the rest of Asia.

The US has also increased diplomatic efforts in Asia. President Barack Obama will hold the first US summit with Asean leaders on the sidelines of the Apec summit in Singapore. China has said only that it is willing to discuss the idea of an EAC.

The 16 heads of government in Hua Hin are protected by a security clampdown by about 18,000 troops and police that has virtually isolated the seaside town on the Gulf of Thailand to prevent demonstrations by opponents of the Thai government.

The series of summits got under way in Pattaya, Thailand, in April, but had to be abandoned after protesters surged through security checks and invaded the conference hall. An earlier attempt to hold the summits was abandoned in December after protesters shut down Bangkok’s airports.

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ASEAN looks forward to realization of ASEAN-China Free Trade Area

Xinhua | Oct 24, 2009

HUA HIN, Thailand, Oct. 24 (Xinhua) — The 15th Association of Southeast Asian Nations Summit issued a Chairman’s Statement Saturday, saying the bloc looked forward to the realization of the ASEAN-China Free Trade Area (ACFTA) on January 1, 2010.

“The leaders were pleased to note the progress in the implementation of the ASEAN-China Trade in Goods Agreement and looked forward to the realization of the ASEAN-China Free Trade Area (ACFTA) on January 1, 2010 when ASEAN 6 and China eliminates tariffs on products in their Normal Track,” said the Statement.

China has become ASEAN’s third largest trading partner in 2009.

The Statement added that ASEAN welcomed the signing of ASEAN-China Investment Agreement on Aug. 15, 2009 which effectively completed the mandate of the Framework Agreement on Comprehensive Economic Cooperation.

It also said ASEAN looked forward to the signing of the three Memorandum of understanding between ASEAN and China Sunday.

“These MoUs would contribute towards the enhancement of trade, investment, tourism, cultural and people-to-people exchange, as well as cooperation in the field of intellectual property and standards, technical regulations and conformity assessment on imported and exported products between ASEAN and China to ensure peoples’ benefit and safety,” the Statement said.