The effectiveness of ASEAN’s institutional balancing—now a hallmark of the association—has been somewhat compromised
In 2022, three ASEAN nations assumed the chairmanship of significant regional and global dialogue structures. For the first time in the history, G20 ...
... forming their integration platforms. This prompts increasing competition for platforms in the most dynamic regions of the developing world, as is exemplified by the exacerbating competition between the U.S. and China in Asia-Pacific.
The nations of ASEAN make the acute competition between Beijing and Washington particularly obvious. This regional bloc exhibits one of the best dynamics, both in its pace of economic growth and in building a ramified network of economic alliances in global economy....
ASEAN can become one of the leading forces of a rejuvenated drive at a globalisation that is balanced, inclusive and sustainable
Given its neutrality and mediation capabilities ASEAN could lead the creation of a global platform for regional integration ...
... the context of rebuilding foreign economic relations and creating a new model of the global order, the most important directions are cooperation with world powers – China and India as well as Brazil – and with leading regional players – Turkey, ASEAN countries, the Gulf states, Iran, Egypt, Algeria, Israel, South Africa, Pakistan, Argentina, Mexico and others.
It is in these areas, rather than in traditional Euro-Atlantic arenas, that the main resources of diplomacy, foreign economic relations,...
... heavyweights (possibly members of G20 from the Global South). The alternative is the aggregation of the regional integration blocs of all of the five BRICS members – represented by the BEAMS platforms consisting of BIMSTEC, Eurasian Economic Union, the ASEAN-China FTA, Mercosur and the South African Customs Union – leading to the addition of up to 25 members (the 5 times 5 geometric progression – or the 5 BRICS taken to the power of 2) of the BRICS+ circle that are the regional neighbors/partners ...
... to maximize their strategic autonomy vis-a-vis the American and Chinese superpowers. It is with this incipient trend in mind what is now unfolding in Eurasia as India would do well to attempt its replication in the Indo-Pacific region with respect to ASEAN. To explain the reason behind this policy proposal, it’s enough to cite the opening remarks of the Singaporean Foreign Minister during mid-June’s special ASEAN Foreign Ministers meeting with India.
Mr. Vivian Balakrishnan
declared
that “The ...
... additional contracts
. This is precisely what happened with China’s trade agreement with Hong Kong, which covered a limited number of service industry sectors and investment in 2004, as well as with Beijing’s agreement with Macau. The agreement with ASEAN evolved in a similar manner. Importantly, China has stayed true to this integration course for two decades.
The RCEP may very well evolve in the same way. While it is true that there are no fundamentally new agreements within this partnership in ...
... to building the BRICS+ platform.
That regional approach was also evidenced in the Forum of political parties, think-tanks and NGOs that was held on May 19th in BRICS+ format - among the countries invited to participate were Cambodia (chairmanship in ASEAN in 2022) as well as Senegal and Argentina that represented Africa and Latin America respectively. In effect China thus presented an inclusive format for dialogue spanning all the main regions of the Global South via aggregating the regional integration ...
... facilitating Track 1.5 and 2 dialogue, also fostering people-to-people exchange, traditionally welcomed by the Asian societies. One of such areas is the interest in relatively inexpensive opportunities to train specialists and engineers in Russia. The idea of
ASEAN centrality
could also facilitate the acceptance of Russia in the Southeast Asian subregion, which forms the core of the Asia-Pacific as a whole. ASEAN’s
sourness
over the recent summit in Washington represents a chance for the Russian Federation ...
... Initiative (BRI).
Another crucial driver for the R5+ initiative is the significant progression of regional integration initiatives across the Global South. In particular there is the Regional Comprehensive Economic Partnership (RCEP) led by China and the ASEAN economies. In Africa the key integration initiative is the African Continental Free Trade Area launched in 2018. Another important development is the rising coordination among the regional integration blocks and the signing of the respective memoranda ...