Sign up | Log in



June 24, 2008

Japananese Diet approves economic agreement with Asean
Singapore, the current chair of the Association of Southeast Asian Nations (Asean),
on Monday welcomed Japan's ratification of the ASEAN-Japan economic agreement, which was approved by the Japanese Diet on Saturday.

Under the deal, about 90 percent of trade between the two sides will be tariff-free within 10 years.

"This is welcome news. It signals Japan's strong commitment to Asean," a spokesman of Singapore's Foreign Ministry said in a statement.

He added that the agreement "will boost two-way trade between ASEAN and Japan, and provide strong impetus for economic growth and prosperity in both regions."

Japan is among the bloc's top three trading and investment partners, with a total trade volume of $162 billion as of 2006, according to the ministry.

More on Asean

More on Asean's Trade Partners

More on Trade

More on Ties

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand