Being in the driver’s seat for regionalism and positing its centrality in East Asia, ASEAN can aggregate the interests of all major powers like US, China, Japan, India, Russia and the EU as well as middle powers like South Korea and Australia.
After fighting between government forces and rebel groups broke out in the northeast Myanmar border towns of Muse and Kutkai, some Myanmarese fled into Chinese territory. A Chinese daily reported that a state-owned structure suffered light damage from stray shells.
The ultimate goal is for TPP or RCEP to be a gateway to a macro Free Trade Area of the Asia-Pacific (FTAAP) objective that APEC has set its sights on. The FTAAP can help harmonize existing multilateral and bilateral trade linkages.
During his presidential campaign, US president-elect Donald Trump repeatedly stressed that he would rebuild US’ deteriorating infrastructure by pumping USD 550 billion into an aggressive plan to ensure better and more effective transportation and network systems.
Beijing has set up the USD 11 billion China-Central Eastern European fund to finance projects located in Central and Eastern Europe. This was jointly announced in Riga in the Baltic state of Latvia by Premier Li Keqiang and Latvian Prime Minister Maris Kucinskis.
A Clinton victory would have been as significant as an Obama victory. For years, African Americans and women were at the periphery of the political establishment. Her victory would have been a powerful message to young women that the glass ceiling for women in US politics can be broken.