text: (E,_) The need to increase international competitiveness for locally manufactured products, aimed at either the external or internal markets; (d) The elimination of unnecessary bureaucratic, administrative procedures on the one hand and the introduction of supportive arrangements to selected industrial subsectors in the form of R + D, technology transfer arrangements, skills upgrading, etc. on the other; Ce) The development of the engineering industries sector by strengthening the traditional labour-intensive manufacturing units and simultaneously supporting development of modern, technologically advanced and flexibly operating enterprise3, using machine centres and computer-aided design (CAD) services, applying computer-aided manufacturing (CAM) and producing goods of international quality standard; CJ_) Efforts to increase exports in manufactures through various measures including the promotion of trading companies; increased attention to market research, participation in trade missions and trade fairs by representatives of private industry as well as Government and Chambers of Commerce; (£) The need to assess likely impacts of technological developments on many of the traditional industries in terms of competitiveness, employment, etc. 35. In their efforts to deal with problems of industrial restructuring, the countries of the Asian and Pacific region have recognized the prospective benefits to be derived from subregional co-operation. The Association of South East Asian Nations (ASEAN) has already established an institutional framework and innovative schemes of co-operation, inter alia in the fields of industrial development and trade. The newly established South Asian Regional Co-operation (SARC) involves seven countries in south Asia and is of great potential interest for future industrial development in that area. The large heterogenity of member States -touching on both the level and structure of their economies -calls for a gradual and selective process of enhanced co-operation. The same would be true for the possible formation of Pacific Basin economic co-operation, comprising developing as well as developed 
analysis: The text discusses various strategies and initiatives aimed at improving the competitiveness of locally manufactured products, promoting industrial development, and enhancing trade in the Asian and Pacific region. It highlights the need to eliminate bureaucratic procedures, support specific industrial subsectors, and develop engineering industries. The text also touches on the importance of subregional cooperation and the potential benefits of regional economic cooperation.