Asia Cooperation Dialogue (ACD). Global Asiatic Recession.

Also available in: Diálogo Cooperación Asia Affaires Asie   Negocios Asia

Course summary Asia Cooperation Dialogue (ACD):

The Asia Cooperation Dialogue (ACD) was inaugurated in June 2002 in Cha-Am, Thailand, where 18 Asian Foreign Ministers met together for the first time. The ACD is a continent-wide forum, the first of its kind in Asia. More specifically, the ACD aims to constitute the missing link in Asia by incorporating every Asian country and building an Asian Community without duplicating other organizations or creating a bloc against others.

ACD comprises 30 countries: Bahrain, Bangladesh, Brunei Darussalam, Bhutan, Cambodia, China, India, Indonesia, Iran, Japan, Kazakhstan, Republic of Korea, Kuwait, Lao PDR, Malaysia, Mongolia, Myanmar, Pakistan, Philippines, Oman, Qatar, Russia, Saudi Arabia, Singapore, Sri Lanka, Thailand, United Arab Emirates and Vietnam, with Tajikistan and Uzbekistan recently admitted at the Fifth ACD Ministerial Meeting in Doha, Qatar in May 2006.

Example of the course Asia Cooperation Dialogue (ACD):

Prior to September 2008, developing countries were largely insulated from the financial turmoil since the kind of sophisticated financial instruments that were affected by the crisis were prevalent primarily in the financial markets of America and Europe. In fact, there was optimism that domestic consumption of emerging economies such as India and China was sufficiently strong for these and other developing economies to have ‘de-coupled’ from the fortunes of developed markets. Asia’s strengths also lie in its banking and financial systems which are now relatively robust after years of restructuring.

ACD member counties agreed that they would focus their future policies on facilitating trade of agricultural products amongst member countries.

Web site: Asia Cooperation Dialogue (ACD)

Topic: Globalization and regionalization