Some of this expansion in intra - regional trade represented a redirection of trade flows , consistent with greater production sharing among asian economies and reflecting the comparative advantage of china in processing and assembly operations
12.
Given that these economies share a common interest , and there is increasing interdependence among them , as evidenced by the rapid expansion of intra - regional trade , one way of enlarging their markets is monetary union
13.
Noting the concern about the potential impact of a slowdown of mainland economy on the asian economies through the trade channel , the sub - committee considered an information paper on developments in intra - regional trade and the role of mainland china
14.
But given the increasing economic integration of the region , as intra - regional trade and cross - border direct investments grow rapidly , the fates of each are bound together to a significant degree by inter - dependency and the possibility of contagion
15.
Mr . president , i believe more wealth could be generated if savings in the region could be recycled to finance investments in the region , if intra - regional trade could grow faster , and if investors could move funds easily from one economy to another in the region
16.
In the first three quarters of 1998 , seaborne outward transshipment fell by 12 per cent in tonnage terms over a year earlier , in contrast to a 6 per cent increase in 1997 . analysed by market , the slow - down in transshipment was most significant for markets in east asia , as intra - regional trade plummeted upon the impact of the regional financial turmoil
17.
This is regardless of the comfort offered by the much higher savings rate of economies in the region and the generally low level of indebtedness , of households and corporations . this is also regardless of the increasing inter - dependence within the region , as evidenced by the rapid expansion of intra - regional trade , particularly in final products , and correspondingly reduced dependence of the region as a whole on import demand from developed economies
18.
But the important thing to realise is that the degree of trade integration , and therefore the degree of interdependence among asian economies , is very high . about half of total trade in asia is intra - regional . this is more or less the same as the proportion of europes intra - regional trade to total trade when the treaty of rome was signed
