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The formation of ASEAN Economic Community (AEC) by 2015 is expected to boost Vietnam's Gross Domestic Production (GDP) by 14.5 percent and employment rate by 10.5 percent, according to a study by the International Labor Organization (ILO), the Asian Development Bank (ADB) and the Secretariats of the Association of Southeast Asian Nations (ASEAN).
The final seasonally-adjusted eurozone manufacturing purchasing managers' index (PMI), a gauge of the industry activities, slipped to 50.7 in August from 51.8 in July, the lowest reading since last July, according to a Markit survey published Monday.
The signing of a new protocol will make the free trade pact with Australia and the Association of Southeast Asian Nations (ASEAN) more business-friendly, transparent and flexible, New Zealand Trade Minister Tim Groser said Wednesday.
Economic ministers of the Association of Southeast Asian Nations (ASEAN) have gathered in Myanmar's capital of Nay Pyi Taw for their 46th meeting and related meetings due to kick off later on Monday.
Myanmar will host the 62nd ASEAN Coordination Committee on Investment in Nay Pyi Taw next weekend, state media reported Friday. Dozens of investment officers from member nations of the Association of Southeast Asian Nations (ASEAN) and host Myanmar will discuss at the two-day meeting on Jan. 10-11 matters related to amending the ASEAN Comprehensive Investment Treaty, amendment of unpermitted accounts included in the treaty and ongoing work programs in implementing the treaty, said the New Light of Myanmar.
The Association of Southeast Asian Nations is facing a number of challenges in the full implementation of the Asean Economic Community, the vehicle for regional economic integration, by end-2015, or barely a year from now.
Two conflicting views have emerged in the Philippines on whether or not the country is ready for economic integration in the Association of Southeast Asian Nations (ASEAN) under the ASEAN Economic Community (AEC) which will start to take effect next year.
ASEAN finance ministers have agreed to Myanmar's proposal to enhance a "financial inclusion" system which aims to help all people in the region get access to financial services, state media quoted Myanmar Finance Minister U Win Shein, chair of the regional meeting, as reporting Sunday.
A coordination meeting between ASEAN senior economic officials and its dialogue partners are due to take place in Yangon Monday to discuss issues related to the establishment of free trade areas and economic cooperation between them, sources said.
Myanmar has exempted from custom duties goods meeting origin criteria that are exported to member countries of the Association of Southeast Asian Nations (ASEAN), state media reported Friday.