Southeast Asia bloc shrugs off US recession fears

Posted: 2007-08-25 00:00:00+05:30 IST
Updated: Aug 24, 2007 at 2303 hrs IST

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Philippine trade secretary Peter Favila said in his opening address.

Malaysia's Rafidah said Asean was not trying to emulate the EU, which was born just a decade before the Southeast Asian grouping and which has rapidly integrated to create a single market and a common currency.

"I think it is wrong for anyone to compare Asean to Europe. We cannot use anybody's template to evolve this Asean economic community. We are a different entity altogether."

—Reuters...

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Southeast Asia bloc shrugs off US recession fears

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