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What is Left of Engagement with Asia?

First of all, however, let us consider in a narrower sense what is left of our engagement with Asia. First, we continue to have a substantial trade with the Asian region. True, we have had some setbacks in the last 3 years, but about half our exports still go to East Asia and some 38% of our imports come from those countries. A smaller part of our investment goes to East Asia, and from 1997 to 1998 it fell, but it was still some 13.5% of our total overseas’ investment. Though the tourist trade of the region remains heavy, it has fallen (in some areas), as one would expect. With regard to immigration, about 25% of our intake comes from East Asia alone. Turning next to student intake, despite some minor decreases, the overwhelming majority of our overseas students still come from Asia.