Leaders press need for Asean trade ‘connectivity’

Trade leaders of the Association of Southeast Asian Nations (Asean) at the World Economic Forum (WEF) underlined the need to enhance trade connectivity in the proposed Asean Economic Community (AEC) in 2015 to boost the region’s economic development.

The formulation of uniform trade and customs policies was cited as one of the priorities in the process of ironing out the integration of 600 million people with a total gross domestic product of $1.5 trillion and total trade of $1.7 trillion into a single economic community.