Forum for East Asia-Latin America Cooperation

EENI- School of International Business

Subject: The Forum for East Asia-Latin America Cooperation (FEALAC).

1. Introduction to the Forum for East Asia-Latin America Cooperation (FEALAC)
2. Purposes and organisation of the FEALAC
3. The Economic Profile of the Forum Latin America-Asia Member States
4. Economic and trade relations between Latin America and Asia
5. The Manila Action Plan

The objectives of the subject “The Forum for East Asia-Latin America Cooperation (FEALAC)” are the following:

1. To understand the goals and organisation of FEALAC
2. To analyse economic relations between Asia and Latin America
3. To understand the concept of FEALAC as the “missing link” between Asia and Latin America

Sample of the subject - The Forum for East Asia-Latin America Cooperation (FEALAC):

Description of the Subject: The Forum for East Asia-Latin America Cooperation (FEALAC).

The Forum for East Asia-Latin America Cooperation (FEALAC) joins ten ASEAN countries, the People's Republic of China, Japan, Korea, Australia, New Zealand, and seventeen countries from Latin America.

The Forum for East Asia-Latin America Cooperation is the “missing link” between East Asia and Latin America.

The objectives of the Forum for East Asia-Latin America Cooperation are to:

1. Increase mutual understanding between members
2. Promote political dialogue
3. Promote cooperation
4. Promote international trade
5. Develop new international partnerships between East Asia and Latin America

The thirty-three countries participating in Forum for East Asia-Latin America Cooperation (FEALAC) are:

1. East Asia: Australia, Brunei Darussalam, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam.
2. Latin America: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela

The first Ministerial Meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) was held in Santiago Chile in 2001. This meeting agreed a “Framework Document” to form the basis for FEALAC activities.

The Framework establishes that “Closer linkages and Cooperation between East Asia and Latin America will be reciprocally profitable and contribute to both regional and international peace and stability.”

Since 2001, Asia has recuperated from the financial crisis and regional economies are on the rebound. Driven by the rise of the People's Republic of China and India, old linkages are being revived and new ones forged between Latin America and Asia. International Trade between East Asia and Latin America have augmented.

From the religious point of view, the Forum consists of thirty-three countries:

1. Christians: Australia, New Zealand, the Philippines, Argentina, Bolivia, Colombia, Brazil, Chile, Costa Rica, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Mexican United States, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela
2. Muslim: Brunei Darussalam, Indonesia, and Malaysia
3. Buddhists: Cambodia, Japan, Laos, Myanmar, Singapore, Thailand, Vietnam, and South Korea
4. China. Multi-religious country (Buddhism, Confucianism, and Taoism)

The Forum for East Asia-Latin America Cooperation (FEALAC) is an inter-civilisation agreement between the Sinic - Buddhist Civilisation, the Islamic Civilisation and the Western Christian Civilisation.