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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

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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