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ASEAN to sign investment deals with China, S Korea

(Xinhua)
Updated: 2009-03-25 14:26

JAKARTA -- The Association of Southeast Asian Nations (ASEAN) may soon ink investment deals with China and South Korea to boost economic integration, the Jakarta Post quoted an ASEAN official as saying on Wednesday.

The pacts are part of a series of deals under ASEAN's free trade agreement (FTA) signed with China in 2006 and with South Korea in 2006.

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"The pact with China could be signed next month in Thailand during the ASEAN meeting with China, South Korea and Japan," Lim Chze Cheen, an official of the Jakarta ASEAN Secretariat told the newspaper.

The expected pact comes after ASEAN and China's negotiations for FTA's on goods and service concluded in 2005 and 2006 respectively.