AEC will ‘Cut impact of US, EU woes’

Malaysia is optimistic Asean is ready to be integrated into a single economic block by December 2015 despite uncertainties over growth in the euro zone and the US. International Trade and Industry Minister Mustapa Mohamed said the 10 member countries would be able to cushion the negative impact from the two regions when the Asean Economic Community (AEC) forms. … Mustapa said Cambodia, Laos, Myanmar and Vietnam had recorded economic growth of 7 per cent yearly, which was higher than the average growth in other Asean countries. Investors and companies from Malaysia and Singapore were investing in these countries to further support their growth. …

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