However, the BBC noted that a proposal to include the United States in such an economic community was a point of contention at the ASEAN meeting.
"Some Congressional leaders are reportedly urging the Obama Administration to pursue a free-trade agreement with ASEAN, but this is likely to prove contentious," economic blogger Marc Chandler added. U.S. leaders plan to appoint an ambassador to the ASEAN and stage a summit with leaders in November, he also noted.
Hmm, combine this with the recent stories of the dumping of the US Dollar:
Latin America, Iran, Russia, China may drop US dollar
BEIJING, October 14 (RIA Novosti) – Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.
The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.
“Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans,” Putin said.
And so where does this leave the US, Canada, and Mexico on the global economic stage?
Will they be forced to consummate the highly controversial NAU?
And what military implications might this alliance have?
Times are a changin' indeed.
rawstory.com
(visit the link for the full news article)
