In terms of regional economic integration, ASEAN is a significant market of 580 million consumers, which will benefit from the remarkable economic momentum and progress of China and India. The target for ASEANs economic integration is 2015. Thailand Business News
Thai exports to China are expected to have plenty of rooms to grow in 2010 because of the incessantly growing economy of China and the tariff reduction to 0% following the ASEAN-China Free Trade Agreement (FTA). The mentioned factors are believed to help facilitate wider access of Thai exports to the Chinese market. Thailand Business News
Asean has its fingers crossed that Thailand can now enjoy political stability and sustainable economic growth after judgement day passed without any incidence so that the Asean Economic Community will materialise by 2015, Asean secretary-general Surin Pitsuwan said yesterday.
As 2009 draws to a close, ensuring sustained recovery in the new global economic panorama has brought greater prominence to the role of regional cooperation in Asia and the Pacific, and of the need for the region to drive its own development in order to act as an anchor for global recovery in the future, according to a year-end update of the Economic and Social Survey of Asia and the Pacific 2009, which will be launched on Monday, 30 November, at 11 a.m., at FCCT in Bangkok.
Leaders of East Asian countries have laid the groundwork for a European Union-style bloc that will cover half the world's population, analysts and officials say. Discussions on the grand project began during the 10-member Association of Southeast Asian Nations (Asean) summit.