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EU welcomes ASEAN plan for single market

Dilshan Wirasekara, Chairman of the Colombo Stock Exchange

MANILA, Aug 1, 2007 (AFP) - The European Union's foreign policy chief Javier Solana on Wednesday welcomed Southeast Asia's plans to create a single market by 2015.
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Speaking at an Asian security summit in the Philippines, Solana said Europe was following "with the greatest interest" the plans of the Association of Southeast Asian Nations (ASEAN).
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"We think it is very important not only for ASEAN but for the region and the world," he said.

The 10-nation ASEAN bloc, which with nearly 600 million people accounts for almost 10 percent of the world's population, moved forward its target date for a single market from 2020 to 2015 earlier this year.

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ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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