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ASEAN is to form a free trade area from 2020 - integrating a population of 500 million people (Photo: ASEAN)

Asian countries to form EU-like trade zone

Leaders of the Association of South East Asian Nations (ASEAN) have agreed to set up a single market by 2020, modelled after the European Union.

Meeting in Bali, Indonesia on Tuesday (7 October) for the ninth ASEAN Summit, leaders of the 10 member countries agreed to launch a free trade area which will cover a population of 500 million.

The ASEAN leaders agreed to set up three areas of closer co-operation: The ASEAN security community (ASC), the ASEAN economic community (AEC) and ...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

ASEAN is to form a free trade area from 2020 - integrating a population of 500 million people (Photo: ASEAN)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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