Word: zoning
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Dates: during 2000-2009
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...expected to pour into the Sudanese capital. Sudanese police are on high alert, and authorities say they have been careful to allot an equal number of seats to fans from both teams, leaving an additional 15% of the stadium's seats for Sudanese, so as to create a buffer zone. But even that might fail. Sudanese ticket holders could potentially sell to Egyptians and Algerians, and the coach of Sudan's national team told a British paper that he expected to see "massive security issues...
...Asian free-trade zone would aid economic growth by cutting import duties and eliminating the murky morass of trade barriers that impedes commerce. A model to emulate would be the establishment of the E.U., which made it far easier for companies to import and export their goods within Europe, says HSBC's Webb. Establishing a common Asian currency similar to the euro would allow companies to ship goods or arrange credit with less exposure to currency risk. "A barrier to trade over the last year in Asia has been fluctuating currencies," Webb says. "For a small- to medium-sized business...
...idea - as long as the U.S. is included. Creating a common set of trade rules would simplify the bewildering spaghetti bowl of bilateral trade agreements that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager for industrial-equipment giant Caterpillar: "There must be a realization by the Obama Administration that the U.S. is getting lapped when it comes to trade in Asia. There is a lack...
...building, partly due to frustration over the failure of the World Trade Organization to complete the Doha Development Round, which is supposed to lower trade barriers globally. Leaders at the upcoming APEC summit are expected to commit to the completion of a basic framework for an Asia-Pacific zone by the end of 2010. While the details have yet to be hammered out, such an agreement would be an unprecedented step forward. One thing is for certain: this year's APEC must generate more than an amusing photo...
...southern Hainan Island in 2001 both sharply increased tensions between the two sides. This March, Chinese vessels confronted a U.S. Navy surveillance ship that was surveying an area about 75 miles off Hainan, an area many nations consider international waters but China claims as part of its exclusive economic zone. U.S. military officials said that standoff was a sign of increasing aggressiveness by the Chinese military...