Siem Reap (Cambodia): Association of Southeast Asian Nations
(ASEAN) economic ministers agreed Friday to deepen the bloc's integration
efforts towards realising an ASEAN Economic Community by 2015, officials said.
Speaking in a press briefing
after the week-long 44th ASEAN Economic Ministers Meeting and related meetings,
Cambodian Commerce Minister Cham Prasidh said the meetings were wrapped up
successfully and the ministers agreed to "deepen ASEAN integration"
in order to achieve the economic community, reported Xinhua.
He said that on its way to the
community in 2015, the bloc is still facing a number of challenges or local
sensitivity that needs to be addressed.
"But we believe that with
sound political input, some more political wills to be expressed by the
leaders, those hesitations would be erased and would be less and less
challenges for us to achieve the goal," said the minister, also the chair
of 2012 ASEAN.
ASEAN secretary-general Surin
Pitsuwan said that ASEAN has done well in terms of soft infrastructure such as
agreements, protocols, and various elements of cooperation and coordination
among member states.
"So far, ASEAN has ratified
about 72 to 73 percent of all the major instruments of cooperation among
ASEAN," he told the press briefing.
"Our remaining challenges
are how to implement every of those instruments, and how to translate the
regional ASEAN commitments into the national agenda implementation, rules, laws
and regulations."
He expressed his confidence that
ASEAN will be able to achieve an ASEAN Economic Community on schedule thanks to
ASEAN's joint commitment and help from dialogue partners.
After the week-long meetings, the
economic ministers expressed their satisfaction with ASEAN's economic growth of
4.7 percent last year despite the heightened uncertainties in the global
economy, according to a joint media statement on Friday.
The ministers were also pleased
that ASEAN's merchandise trade grew at 16.8 percent from $2.05 trillion in 2010
to $2.39 trillion in 2011 despite the slowdown global trade, with intra-ASEAN
trade remained strong at $598 billion.
Founded in 1967, ASEAN groups
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines,
Singapore, Thailand and Vietnam.
IANS
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