Southeast Asian Nations Move Toward Single Economy

The 10-member Association of South East Asian Nations is accelerating plans by five years to turn the region into a single economic community by 2015 to battle competition from China and India.

“We all agreed we should move in that direction,'' ASEAN Secretary General Ong Keng Yong tells reporters at last week’s ASEAN trade ministers meeting.

Ong says ASEAN members will have to use an accelerated calendar to make their respective economies more efficient and more ...