Monday, November 29, 2004

China, ASEAN to create trade bloc

Hmm, the world global economy is shaping up into a few large trading blocks.

China, ASEAN to create trade bloc

Monday, November 29, 2004 Posted: 8:34 AM EST (1334 GMT) CNN.COM

Already existing is NAFTA (Canada+US+Mexico) and the EU (Europe).

I've seen proposals to expand NAFTA to more of the America's, and now China and ASEAN have agreed to form a free-trade zone.

That leaves me pondering the fate of other regions .. for example, India is not included in this new China/ASEAN bloc, and we have India and Pakistan in interesting conversations. That leaves Africa, the Middle East and Central Asia uncovered by "free-trade" zones.

That also leaves me pondering just who is served by these free trade agreements?