ASEAN cooperation arrangements and APEC are important international assets. They contribute to shared prosperity and political security in the Asia Pacific by building pillars for trade liberalisation, investment, the movement of people and — most importantly — political certainty and trust.
The political foundations of cooperation arrangements in East Asia and the Pacific were founded on shared ambitions for regional economic development and appreciation of its different levels of development.
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Peter Drysdale is emeritus professor of economics and head of the East Asian Bureau of Economic Research and East Asia Forum at the Crawford School of Public Policy at the Australian National University.
