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Asia: ASEAN nations envision single market through legislative rationalization

By  |  July 7, 2013

Members of the Association of Southeast Asian Nations, known as ASEAN, gathered at a conference last week to discuss the region’s goal of a consolidated market to strengthen its global market leverage. Reports say the nations have a goal of establishing a single market by 2015 and, to do so, must rationalize their competition laws. According to Singapore’s Trade and Industry Minister Lim Hng Kiang, the world economy’s growing dependence on competition policy means ASEAN countries must established an “enlightened competition regime” to increase foreign investment. Reports say attendees of the conference are looking at adopting a network model of competition legislation to accomplish their goal.

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