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IN THE NEWS - East Asian Leaders Form New Group to Improve Area's Future
By Nancy Steinbach
Broadcast: Saturday, December 17, 2005
I'm Steve Ember with IN THE NEWS in VOA Special English.
Two meetings this week in Asia could set the direction for the future of world trade, and the future of Asia itself.
In Kuala Lumpur, leaders of sixteen countries held the first East Asia Summit1. The leaders met Wednesday in the Malaysian capital to plan for a united future. They agreed to create a group that will work together to improve economic, security2 and political conditions in Asia.
Participants of the EAS meeting in Kuala Lumpur
The new sixteen-member group will include both China and India.
The leaders represented the ten members of ASEAN, the Association3 of Southeast Asian Nations. They also represented Australia, China, India, Japan, New Zealand and South Korea.
The sixteen-member group will represent about three thousand million people, half the world's population. And it will represent about twenty percent of world trade.
Both numbers are expected to increase in the future. An expert on Asia says it will have three of the four largest economies in the world by two thousand fifty.
Some Asian leaders say the new group is needed because East Asia does not want to lose trade and influence to the Americas and Europe. Supporters say the new group could become an economic force like the European Union in the future.
But that will take work. For now, the sixteen leaders from Asia and the Pacific have agreed to meet again next year. They plan to meet in the Philippine capital, Manila, just after the next ASEAN meeting.
The other big meeting in Asia this week is the ministerial conference of the World Trade Organization. There are protests4 outside, as at earlier meetings.
The W.T.O. has one hundred forty-eight members. It is the only international organization that negotiates5 trade rules. The last ministerial conference two years ago in Cancun, Mexico, ended without a new trade agreement. Objections6 by poor countries to agricultural support programs and trade barriers in wealthy ones were major issues.
The United States, the European Union and Japan said they have been trying to avoid such problems in Hong Kong. They announced plans for thousands of millions of dollars in aid to poor countries. They also announced plans to end import taxes on goods from some of these nations. Some officials, however, said the proposals7 came with too many conditions.
The W.T.O. had hoped for a free trade agreement by the end of last year on trade in farm and industrial goods and services. Now the hope is to have one completed by the end of two thousand six. But in Hong Kong Friday, Reuters news agency8 said rich nations were arguing over protected farm markets. And developing countries threatened to block any deal that did not give them better prices for bananas, sugar and cotton.
European Union Trade Commissioner9 Peter Mandelson said the talks were, if anything, "going backwards10." The meeting is to end on Sunday.
IN THE NEWS in VOA Special English was written by Nancy Steinbach. I'm Steve Ember.
1 summit | |
n.最高点,峰顶;最高级会议;极点 | |
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2 security | |
n.安全,安全感;防护措施;保证(金),抵押(品);债券,证券 | |
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3 association | |
n.联盟,协会,社团;交往,联合;联想 | |
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4 protests | |
n.[体]抗议;抗议,反对( protest的名词复数 )v.声明( protest的第三人称单数 );坚决地表示;申辩 | |
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5 negotiates | |
谈判,协商,议定( negotiate的第三人称单数 ); 兑现(支票等); 通过,越过(险要路段) | |
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6 objections | |
n.反对( objection的名词复数 );异议;厌恶;反对的理由 | |
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7 proposals | |
n.提议( proposal的名词复数 );推荐;求婚;赞成提案 | |
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8 agency | |
n.经办;代理;代理处 | |
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9 commissioner | |
n.(政府厅、局、处等部门)专员,长官,委员 | |
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10 backwards | |
adv.往回地,向原处,倒,相反,前后倒置地 | |
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