Ambassador of the Republic of Indonesia for ASEAN, I Gede Ngurah Swanjaya states, the Southeast Asian countries will implement the economic union by 2015.
“Implementation of this single economy accelerated from the previous plan year 2020. ASEAN will self prepare, such as the economy in Europe with its European Union. Economy of ASEAN into one single ASEAN agreement of the three agreements, namely the political unification of social security and culture,” he said in Denpasar, on Monday.
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It was said that the ASEAN region will become a single market. There will be no import duty for goods of commodity trade among ASEAN countries.
“Tariffs will be a zero import duty among ASEAN countries.’s Zero import duty rate would lower the price of the product,” said Swanjaya.
In addition to cutting tariffs in, he said, the single economic agreement also requires industries outside ASEAN should build factories in ASEAN.
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