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REGIONALISM
ASIAN
REGIONALISM
AND
THE PHILIPPINES
Philippines
• Have always been active in regional blocs that have been
established since the time of the South East Asia Treaty
Organization (SEATO) up until current regional groupings.
• Firmly believes in establishing close ties with its neighbors
and pursue friendship, amity, and cooperation as embodied
in its Constitution.
• Remains to be steadfast to the ideals and vision of One
ASEAN and give utmost importance to the tenets of
economic integration, the pursuit of peace in the region and
socio cultural cooperation.
Current Events
• The Philippines remains to be an important founding
member of the ASEAN having hosted several summits
recently
• The issue of the standing claims of the Professional
Regulation Commission (PRC) as well as several
ASEAN states to the West Philippine Sea.
• Pres. Rodrigo Duterte aims for peaceful and cooperative
resolution of the Spratly’s debacle by forging more
cooperative and open ties with the PRC.
Regionalism in
Asia
Why are nations participating in
Regionalism?
• Opportunities, threats and challenges prompt nation states to
bond together and forge ties and alliances built on solid, legal
frameworks with other nations.
The concept of East Asia Grouping was first promoted in 1991 by then Malaysian Prime
Minister, Mahathir bin Mohamad.
APT ASEAN Plus Three
ASEAN+3 cooperation began in December 2007 Institutionalized in
1999 when the Leaders issued a Joint Statement on East Asia
Cooperation at their third ASEAN+3 Summit in Manila.
ASEAN agreed to strengthen partnership with the People’s Republic of
China (PRC), The Republic of Korea, and Japan.
ASEAN Plus Three (APT) can be considered as a forum that functions
as a coordinator of co-operation between the Association of Southeast
Asian Nations and the three East Asian nations of China, Japan, and the
South Korea.
APT is the latest development of East Asian regional co-operation.
Risks in Building an Asian Economic Community:
KNOWN RISKS
ISSUES AND CONCERNS OF ASIAN REGIONALISM
• Unpredictable economic climate
• A deepening credit crisis
• Falling dollar
• Sudden Unwinding of current account imbalances
• Rapidly rising energy, food and other commodity prices
• Adverse effects of global warming