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Asia-style regionalism works well

Diversity is the very essence of Asia but it has not stopped Asian countries from working together for prosperity and peace.

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South Korea's First Vice-Foreign Minister Cho Tae-Yong (left) and his Japanese counterpart Akitaka Saiki at their talks in Tokyo in October. The two countries have continued to see their difficult pasts haunt their future. The history-healing aspect aside, the cross-cultural understanding that trade connections foster is also pivotal for Asia's future.

DESPITE its current problems, the European Union (EU) is often considered to be the gold standard for countries working together for peace and prosperity. While there are many types of regionalism in the world - North America has Nafta, South America has Mercosur, Australia and New Zealand have