Indonesia Asserts that Natuna and its Gas Reserves are in their Waters
2015-01-13 08:36:00 source：Economy Watch
January 12, 2015
"The group, with close to two-fifths of world output, constitutes a growing slice of the global economy - and is a major force of economic dynamism, with China's growth expected to nudge 7 per cent again this year, India's on the rise again and Indonesia's stabilising at least, and possibly on the up once more. The ambitions for stronger economic cooperation are defined within ASEAN by the goal of building the ASEAN Economic Community (AEC) and, by the broader group, in the negotiation of a Regional Comprehensive Economic Partnership. This year, 2015, is a key year in both endeavours.
Yet, there's a hole in the Asian doughnut, a zone of less than fulsome cooperation over rights to the fisheries, resources and territories across the seas that connect Asia's growing economic powers. There are the territorial issues between Japan and China (as well as Taiwan) in the East China Sea and Japan and South Korea in the Sea of Japan (or the East Sea). And there are the issues between China and five of the ASEAN partners in the South China Sea. Resolving maritime issues is bound up with progress on building an Asia Community."
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