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1、泛北论坛英汉翻译练习泛北论坛英汉翻译练习16 学号：学号： 姓名：姓名： 班级：班级： 评分：评分： PutPut thethe followingfollowing intointo Chinese:Chinese:Towards Making China a Close Partner: CAFTA and the Pan-BeibuGulf Economic Cooperation InitiativeA Presentation to the 2nd Pan-Beibu Gulf Economic Cooperation Forum26-27 July 2007Nanning, Chi
2、naByJosef T. Yap, Mario C. Feranil and Mari-Len Reyes-Macasaquit1A reconfiguration of the world economic order is unfolding. While a fair, equitable, and efficient global economic system is the ultimate goal, regionalism is proving to be the beacon that will get us there. The North American Free Tra
3、de Area (NAFTA) and the European Union (EU) are the pathfinders to this regional configuration, but the impending creation of an East Asian Community will prove to be the biggest bloc yet in terms of population and market size. Yet at this point, the process of establishing an East Asian Economic Co
4、mmunity is still at its early stages. To achieve this goal, a number of issues, not all of them economic, will have to be resolved. Politically, this process is being pursued primarily via the ASEAN and the ASEAN + 3 initiative, which involves the ten member countries of the Association of Southeast
5、 Asian Nations and the powerhouse countries from the Northeast, Japan, China and Korea. Economic building blocks are meanwhile characterized by a multi-layered structure involving a myriad of efforts by different partnership arrangements: bilateral, trilateral or sub-regional. Whatever form they com
6、e, these cooperative arrangements are considered to play a catalytic role towards accelerating East Asian regionalism. Trends and Progress of Economic Integration in the East Asian Region East Asian economic integration and regional cooperation has been experiencing an upswing in the past decade. Th
7、e experiences and lessons from the 1997 financial crisis in the region; the stalled multilateral trade talks in the Doha round of the WTO; the increasing strength of the EU and the success of NAFTA as regional blocs; the rising magnitude of intra-regional trade and investment; the mitigation of poli
8、tical factors that hampered closer cooperation in the past; and the rapid economic expansion of China that makes East Asia a more viable market proved to be the raison dtre for this phenomenon. Moreover, the proposal that East Asia must reduce its external dependence in terms of exports and anchor i
9、ts economic growth more on regional demand to stabilize the regional, even global, economy is a centripetal force that pushes the economies in 1 Dr. Josef T. Yap is the President of the Philippine Institute for Development Studies (PIDS) while Mr. Mario C. Feranil is concurrently the Officer in Char
10、ge of the Office of the Vice President and Director for Research Services. Ms. Mari-Len Reyes-Macasaquit is a Research Associate at PIDS. The research assistance of Ms. Fatima del Prado is gratefully acknowledged.the region more closely. By itself, ASEAN integration is progressing albeit not in an a
11、ccelerated pace. Due to various reasons peculiar to the nations of Southeast Asia, ASEAN could not yet make substantial headway when it comes to economic integration. This led to three major responses to address these constraints namely, expand efforts in order to deepen integration among ASEAN memb
12、er countries, which was the thrust of the Vientiane Action Plan of 20042; explore the creation of sub- regional and bilateral free trade agreements (FTAs); and, engage to a larger extent Japan, China and Korea in the process of eventually pursuing an East Asia Free Trade Area, which according to exp
13、erts may be the most feasible bloc in terms of regionalism. The latter is being based on the existing ASEAN+3 sub-regional arrangement. Data show that from ASEAN 10 to ASEAN+3 intra-regional trade jumps from 28% to 39% (2005 figures). Official figures likewise place Japan, China and Korea amongst th
14、e top major markets and suppliers of ASEAN.Table 1. Intra Regional Trade Share, 1990-2005 in percent19901995200020012002200320042005 ASEAN10 +633.740.840.540.641.342.843.343.4 East Asia 1543.151.952.151.753.755.656.155.6 Emerging East Asia32.939.140.640.943.145.045.345.6 ASEAN+329.437.637.337.137.93
15、9.439.639.2 NIEs-411. 915.515.514.915.515.014.413.7 ASEAN1018.824.024.724.124.427.627.628.1 SAARC2.73.93.94.34.85.65.24.8 Central Asia7.27.26.25.36.45.8NAFT A37.943.148.849.148.447.346.445.0 MERCOSUR10.919.220.317.913.614.715.215.0 EU-1566.264.262.362.262.563.062.260.1 EU-2567.067.466.867.267.868.66
16、8.066.2Source of Basic Data: IMF Direction of Trade, September 2006 ASEAN = Association of Southeast Asian Nations, EU = European Union, MERCOSUR = Mercado Comon del Sur, NAFTA = North American Free Trade Agreement, NIEs = newly industrializing economies, SAARC = South Asian Association for Regional Cooperation, % = percent Source of Basic Data: IMF Direction
