ASEAN takes the lead against trade protectionism

ASEAN is persistent in its policy of open-region for international economic integration.

Secretary General Le Luong Minh said in Hanoi on Wednesday on the sideline of a discussion themed ASEAN’s 50 years: ASEAN Economic Community and opportunities for Vietnamese enterprises. He said the ASEAN has been a regional grouping with the largest number of free trade agreements. It is finalizing a new free trade deal with Hong Kong this year and also working towards another deal with Canada. Luong added: ASEAN has removed tariff lines within the community except for several transactions with new members including Vietnam, Cambodia, Laos and Myanmar until 2018. 100 areas of service have been liberalized. The ASEAN Vision 2025 pursues an open region policy for more opportunities in regional and global economic integration and business cooperation.

Source: VOV5

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