{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='SINGAPORE: SUMMIT MEETINGS AT ASEAN' data-url='/boclips/videos/5c54c1bed8eafeecae15476c' data-video-url='/boclips/videos/5c54c1bed8eafeecae15476c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nSINGAPORE: SUMMIT MEETINGS AT ASEAN\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eJap/Mandarin/NatA day after Southeast Asian leaders proposed a new East Asian alliance, they sat down with leaders of China, Japan and South Korea to discuss the future of Asia's economic and political landscape.Chinese Premier Zhu...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eJap/Mandarin/Nat\u003cbr/\u003eA day after Southeast Asian leaders proposed a new East Asian alliance, they sat down with leaders of China, Japan and South Korea to discuss the future of Asia's economic and political landscape.\u003cbr/\u003eChinese Premier Zhu Rongji and Japanese Prime Minister Yoshiro Mori expressed tentative support for the new alliance in speeches on Saturday, but said more study was needed.\t\u003cbr/\u003eThe Association of Southeast Asian Nations, meeting in Singapore for a two-day summit, has been fighting to shift international focus away from the political and economic woes of many of its 10 members.\u003cbr/\u003eDuring the summit, they proposed an East Asian trade alliance and signed a pact to promote electronic commerce and exchanges of information technology.\u003cbr/\u003eSaturday's meetings kicked off with the 10 ASEAN members sitting down for talks with Chinese Premier Zhu Rongji.\u003cbr/\u003eSome Southeast Asian nations have expressed concern that cheap Chinese imports could hurt their local industries once China joins WTO, which seeks to give equal market access to all its members.\u003cbr/\u003eLee Kuan Yew, Singapore's elder statesman, had said on Friday that China's expected entry into the WTO would create one of the biggest economic challenges for Southeast Asia.\u003cbr/\u003eHe suggested that the only way to meet that challenge was for Southeast Asian nations to combine in a free trade area.\u003cbr/\u003eBut Zhu said Southeast Asian countries \\\"are not China's main competitors in the markets of the U-S and other developed countries.\\\" \u003cbr/\u003eChina, whose 14-year quest to join the WTO appears to be nearing completion, mainly sells manufactured goods in the United States.\u003cbr/\u003eASEAN's exports to the United States are mostly high-tech products such as computer microchips, according to Zhu.\u003cbr/\u003eHe suggested five measures to boost cooperation, including speeding up a new currency swap agreement crafted as an alternative to the International Monetary Fund.\u003cbr/\u003eSOUNDBITE: (Mandarin)\u003cbr/\u003e\\\"Premier Zhu stated very clearly that ASEAN and China differ from each other in terms of sources for investment, industrial structure and export mix, so there won't be very serious competition between the two. After China goes into the WTO its market will grow bigger. In turn it will bring more business opportunities to ASEAN countries. This will create a win-win situation and promote economic development in this region. So, it will be a good thing.\\\" \u003cbr/\u003eSUPER CAPTION: Wang Yi, Chinese Government Spokesman\u003cbr/\u003eASEAN is trying to regain its former economic glory that was devastated by the 1997/98 financial crisis. \u003cbr/\u003eWhile many Northeast Asian nations responded to that crisis by reforming their economies and opening up key sectors, much of Southeast Asia was criticised for its handling of the crisis. \u003cbr/\u003eMalaysia imposed capital controls, for instance, and Indonesia came under fire for the botched reforms of its distressed banking sector.\u003cbr/\u003eThe result was that crucial foreign investment flowed to countries offering more security such as South Korea and China, and steered clear of many ASEAN members. \u003cbr/\u003eASEAN now hopes to transform Northeast Asia from a feared competitor into an engine of growth for their economies.\u003cbr/\u003eWhether China, Japan and South Korea will go along with ASEAN's ambitions is an open question, but the responses on Saturday were generally positive.\u003cbr/\u003eJapanese Prime Minister Yoshiro Mori said there had been a \\\"very fruitful and positive discussion\\\" to seek the direction of regional cooperation in East Asia toward the 21st century.\u003cbr/\u003eDuring Friday's conference among leaders of East Asia's 13 states, dubbed the ASEAN-plus-three summit, Mori had proposed that the countries work around three principles of regional cooperation.\u003cbr/\u003eThe principles are building partnerships, promoting open regional cooperation, and expanding dialogue from mainly economic issues to include politics and security.\u003cbr/\u003eMori also highly evaluated the consensus reached among the region's leaders to draw up specific cooperative measures to deal with globalisation and the information technology revolution.\u003cbr/\u003eHe proposed one such measure to ASEAN on Saturday.\u003cbr/\u003eSOUNDBITE: (Japanese)\u003cbr/\u003e\\\"Recognising the importance of exchanging people, particularly the exchange of youths, will play a major role in the 21st century. I proposed a new such programme inviting senior high school students from ASEAN member countries to Japan. This proposal was also welcomed by the leaders of ASEAN member countries. Regarding ASEAN as a partner for the peace and prosperity of East Asia I intend to make every effort for further development of our cooperative relations.\\\"\u003cbr/\u003eSUPER CAPTION: Yoshiro Mori - Japanese Prime Minister\u003cbr/\u003eThe ASEAN leaders also met new Nobel Peace prize winner Kim Dae-Jung of South Korea.\u003cbr/\u003eWhile peace on the Korean peninsula has been a hot topic all over Asia, ASEAN wanted to use this week's meetings to talk economics. \u003cbr/\u003eThe ailing economies of Myanmar, Cambodia and Laos also are weighing down the rest of ASEAN, which includes Singapore, Malaysia, Brunei, Thailand, the Philippines, Vietnam and Indonesia.\u003cbr/\u003eThe idea of separate free-trade pacts with China, Japan and South Korea has been hotly debated.\u003cbr/\u003eSome ASEAN officials fear that such accords could dilute ASEAN unity, but others contend they would complement Southeast Asian integration.\u003cbr/\u003eThe meetings' host spoke afterwards about the potential new grouping of economies.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\\\"Based on the risk Asean may be eclipsed by a wider  East Asian grouping. If you put Asean members together with the East Asian grouping Asean will be paled in comparison if you look at contributions in terms of  GDP you are looking at something as low as 20 percent, compared to what North East Asia would have. If you look at population size we are not too bad we have around 500 million people but in terms of economic power that we are much smaller players. \u003cbr/\u003eSUPER CAPTION: Goh Chok-Tong - Singapore Prime Minister\u003cbr/\u003eASEAN will hold a series of meetings in the next year before the leaders meet again.\u003cbr/\u003eIt is likely that any decision on free trade or other expanded economic ties from the group would not be announced before then.\u003cbr/\u003e Singapore, 25 Nov 2000 \u003cbr/\u003e1. Indonesian President Abdurrahman Wahid arrives for meeting, Philippines President Joseph Estrada and Singapore President Goh Chok-Tong follow\u003cbr/\u003e2. Chinese Premier Zhu Rongji arrives for meeting and sits\u003cbr/\u003e3. Close up Zhu sitting\u003cbr/\u003e4. Malaysian President Mahathir Mohammed seated\u003cbr/\u003e5. Goh, Thai Prime Minister Chuan Leekpai and Vietnamese Prime Minister Phan Van Khai \u003cbr/\u003e6. Zhu sitting next to Wahid\u003cbr/\u003e7. Zhu putting on headphones\u003cbr/\u003e8. Pan across meeting\u003cbr/\u003e9. SOUNDBITE: (Mandarin) Wang Yi - Chinese, Government Spokesman\u003cbr/\u003e10. Japanese Prime Minister Yoshiro Mori arrives and sits\u003cbr/\u003e11. Pan across meeting\u003cbr/\u003e12. Wahid\u003cbr/\u003e13. Cambodian Co-premier Hun Sen\u003cbr/\u003e14. Mori\u003cbr/\u003e15. Pan across meeting\u003cbr/\u003e16. SOUNDBITE: (Japanese) Yoshiro Mori, Japanese Prime Minister\u003cbr/\u003e17. Kim Dae-Jung arrives for meeting\u003cbr/\u003e18. Kim shakes hands with Hun Sen and Phan Van Khai and sits\u003cbr/\u003e19. Than Shwe, Myanmar leader\u003cbr/\u003e20. Kim puts on headphones\u003cbr/\u003e21. Joseph Estrada, Philippine President\u003cbr/\u003e22. pan across meeting\u003cbr/\u003e23. Thai translation booth\u003cbr/\u003e24. pan from Kim and Wahid to Lao PM Bounyang Vorachith\u003cbr/\u003e25. SOUNDBITE: (English) Goh Chok-Tong, Singapore Prime Minister\u003cbr/\u003e26. Cutaway\u003cbr/\u003e27. 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