November 30, 2010 5:06 PM

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ASEAN Secy General asks members to step up intra-regional trade

ASEAN Secretary General Surin Pitsuwan has urged member states to step up intra-regional trade, saying it was difficult otherwise to see the bloc reaching its goal of economic integration by 2015. The 10-member Association of Southeast Asian Nations has set 2015 as the target for creating a single regional economic market known as the ASEAN Economic Community. Speaking at a one-day ASEAN finance ministers' meeting in the Malaysian capital Kuala Lumpur Surin said trading among member states presently accounted for only 25 per cent of their total trade. He said the member countries needed to increase their investments in each others' economies, so it becomes sustainable and competitive. ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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