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Southeast Asian countries fear China-led trade deals could overshadow them

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MANILA (AP) - Southeast Asian countries fear that dozens of free-trade pacts being pursued by Asian giants, led by China, could overshadow their regional bloc and draw away economic benefits, according to a report seen Saturday.

Officials from the Association of Southeast Asian Nations or ASEAN have said they were considering whether to temporarily defer new free-trade talks to allow them to focus on six ongoing deal negotiations - including ones with China, Japan, South Korea and India.

ASEAN Secretary-General Ong Keng Yong, in a confidential report to the 10-country bloc's economic ministers, raised more concerns, such as the possibility that free-trade accords being pursued by Asian economic powerhouses led by China could overshadow ASEAN.

Ong said such free-trade deals by ASEAN's more economically robust neighbors could also shift economic benefits away from the Southeast Asian bloc.

vuukle comment

ASEAN

ASIAN

ASSOCIATION OF SOUTHEAST ASIAN NATIONS

BLOC

ECONOMIC

FREE

ONG

SECRETARY-GENERAL ONG KENG YONG

SOUTH KOREA AND INDIA

SOUTHEAST ASIAN

TRADE

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