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Jakarta Post

ASEAN to ink investment pacts with China, Korea

  • Ika Krismantari

    The Jakarta Post

JAKARTA   /   Wed, March 25 2009   /  11:52 am

The Association of Southeast Asian Nations (ASEAN) may soon ink investment pacts with China and South Korea to boost economic integration. The pacts are part of a series of deals under ASEAN’s free trade agreements (FTA) signed with
China in 2005, and South Korea in 2006. The pact with China could be signed next month in Thailand during the ASEAN meeting with China, South Korea and Japan, an official from the Jakarta ASEAN Secretariat, Lim Chze Cheen, told The Jakarta Post on Tuesday.
The deal with China was aimed at opening up both markets to investment flowing either from China or other ASEAN member countries, Cheen said.
“We will have greater certainty and room, not just from an investment perspective but also in terms of trade,” Cheen said.
The expected pact comes after ASEAN and China’s negotiations for FTAs on goods and...