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Malaysia Says Southeast Asia Must Speed Up
Economic Integration
KUALA LUMPUR, Aug 14, 2006 (AFP) - Malaysia's
trade minister said Monday that Southeast Asian nations had to make
serious efforts to cut red tape in order to speed up moves towards a
regional economic common market. Trade Minister Rafidah Aziz said
regional economic ministers meeting here next week would look at
fast-tracking the creation of an ASEAN Economic Community by 2015,
five years ahead of schedule, but bureaucratic barriers stood in the
way. "The test is in whether each country really gets down to the
serious business of identifying any bureaucratic constraints within
its own borders that does not allow for this seamless production
base and seamless market," she told reporters. "It's difficult to
say we want it done quickly and then not to monitor your own
customs, not to monitor your own administrative bureaucracy," she
said. Rafidah, who is chairing the ministerial meeting in the
capital Kuala Lumpur, said Malaysian companies were still
experiencing difficulties accessing the markets of other Association
of Southeast Asian Nations (ASEAN) members. "Each government must
take its responsibility seriously to address market issues. The
policy is there, the measures are there, but the implementation may
not be 100 percent," she added. ASEAN economic ministers meeting
from August 21 will discuss progress on regional economic
integration and measures for trade liberalisation, a statement from
Malaysia's trade ministry said Monday. Representatives from
Australia, New Zealand, China, Japan, South Korea and the United
States will also be on hand, many looking at the progress of
negotiations on free trade agreements (FTAs) or economic
partnerships, it said. ASEAN has successfully negotiated a pact with
China to create the world's biggest trade zone and similar plans are
in the works with South Korea and India. The grouping is also
expected to finalise a trade and investment framework agreement with
the US at the meeting, said the ministry. The 10-nation ASEAN groups
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the
Philippines, Singapore, Thailand and Vietnam. ey/sls/lh |