UPDATE 1-Japan inks trade deal with SE Asia countries


(Adds sanctions) By Jonathan Lynn MANILA, Aug 25 (Reuters) - A 10-nation Southeast Asian bloc agreed with Japan on Saturday to reduce barriers to trade and said it would consider sanctions against any of its own members who do not comply with free-trade agreements on time. The Association of South East Asian Nations (ASEAN), which has adopted free-trade as the vehicle to faster economic growth, aims to form a European Union-style economic community by 2015 and is forging free-trade ...

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