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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Cross-border rules hampering ASEAN trade: industry AFP - Monday, June 7 Send IM Story Print Cross-border rules hampering ASEAN trade: industry Slideshow: Full Photo Coverage: Business & Economy HO CHI MINH CITY, Vietnam (AFP) - – Southeast Asian nations must coordinate efforts to cut cross-border red tape and promote regional road transport as they move towards a common market, industry players said Monday. Better links among the 10-member Association of Southeast Asian Nations (ASEAN) could reduce transport costs while boosting intra-regional trade and economic welfare, they said. ASEAN is working towards establishing by 2015 a single market and manufacturing base of about 600 million people. But business leaders and other experts at an international forum said there are still too many bureaucratic hurdles to a free flow of regional goods. "There is no holistic approach to the supply chain from the governments' perspective, from any government's perspective," said Steven Okun, vice-president for public affairs with Singapore-based shipping firm UPS. He said "there isn't the political will yet for ASEAN to look at these as a group of 10 countries... If we can do it collectively, trade within ASEAN is really going to grow." He was speaking at the World Economic Forum on East Asia (WEF), a gathering of global business leaders and regional politicians. A WEF study released ahead of the meeting said that, although Singapore leads the world in facilitating trade, significant barriers remain in the rest of the ASEAN region. Singapore kept the top rank it held in last year's study, but five other ASEAN members fell. Barriers to trade in ASEAN "remain many and significant", primarily in border administration and transport infrastructure, said Thierry Geiger, a co-author of the study. Recommend Send IM Story Print Related Articles Airlines to return to profit this year: IATA AFP - 2 hours 40 minutes ago Renault, Nissan eye Ssangyong takeover AFP - Tuesday, June 8 Malaysia calls for measures to halt oil price fixing AFP - Tuesday, June 8 India's Reliance telecom in talks for stake sale: source AFP - Tuesday, June 8 Asian stocks tumble on US jobs data, Hungary fears AFP - Tuesday, June 8 News Search Top Stories Stocks drop on Hungary, US fears Allen in shooting flurry as Celtics even the score Stampede unrelated to World Cup organisation: FIFA As record sales drop, singers flock to festivals US dollar flexes muscle as crisis stalks markets More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended US dollar flexes muscle as crisis stalks markets UN warns climate change could trigger 'mega-disasters' Not forgotten: Remains of US soldier sought on Vietnam hill As record sales drop, singers flock to festivals New world record for longest poker game More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture US team creates first 'synthetic life' Paris museum burglar grabs 120-million-dollar art haul Clashes as Israeli forces storm Gaza aid boat: Hamas TV More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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