{"id":239004,"date":"2006-08-22T17:00:00","date_gmt":"2006-08-22T17:00:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/08\/22\/asean-trade-ministers-to-face-competition-from-china-16861-eng\/"},"modified":"2006-08-22T17:00:00","modified_gmt":"2006-08-22T17:00:00","slug":"asean-trade-ministers-to-face-competition-from-china-16861-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/asean-trade-ministers-to-face-competition-from-china-16861-eng\/","title":{"rendered":"ASEAN trade ministers to face competition from China"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>Southeast Asian trade ministers seeking to blunt growing competition from China and India agreed Tuesday to an accelerated timetable to turn their region into an EU-style economic community by 2015, the bloc&#8217;s secretary-general said. <\/p>\n<p>The 10-member ASEAN had previously aimed to create a single market allowing the free flow of goods, services and investment across the region by 2020. It does not call for a single currency system. <\/p>\n<p>But Thailand, Singapore and Malaysia wanted to move up the target date for the ASEAN Economic Community, or AEC, by five years to ensure the region stays competitive against China and India, which have been luring foreign investment away from Southeast Asia. <br \/>\n<img decoding=\"async\" height=\"150\" hspace=\"3\" src=\"http:\/\/upload.moldova.org\/economie\/logo\/ASEAN_logo.jpg\" width=\"150\" align=\"right\" vspace=\"3\" alt=\"\" \/><br \/>\nThe trade ministers agreed to &quot;use that accelerated calendar to make our respective economies more efficient, more effective&quot; to meet competition, Ong said. <\/p>\n<p>The ministers will present the new timetable to their leaders, who are expected to endorse it when they meet in Cebu, Philippines, at their summit at the end of the year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>ASEAN trade ministers to face competition from China<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-239004","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p>Southeast Asian trade ministers seeking to blunt growing competition from China and India agreed Tuesday to an accelerated timetable to turn their region into an EU-style economic community by 2015, the bloc&#8217;s secretary-general said. <\/p>\n<p>The 10-member ASEAN had previously aimed to create a single market allowing the free flow of goods, services and investment across the region by 2020. It does not call for a single currency system. <\/p>\n<p>But Thailand, Singapore and Malaysia wanted to move up the target date for the ASEAN Economic Community, or AEC, by five years to ensure the region stays competitive against China and India, which have been luring foreign investment away from Southeast Asia. <br \/>\n<img decoding=\"async\" height=\"150\" hspace=\"3\" src=\"http:\/\/upload.moldova.org\/economie\/logo\/ASEAN_logo.jpg\" width=\"150\" align=\"right\" vspace=\"3\" alt=\"\" \/><br \/>\nThe trade ministers agreed to &quot;use that accelerated calendar to make our respective economies more efficient, more effective&quot; to meet competition, Ong said. <\/p>\n<p>The ministers will present the new timetable to their leaders, who are expected to endorse it when they meet in Cebu, Philippines, at their summit at the end of the year. <\/p>\n<div class='heateorSssClear'><\/div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' 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