Asean leaders call for EU-style union

Leaders sign agreement for an Asean community within next six years, with EU-style agreement planned by 2015
The Asian Development Bank (ADB)backed Asean calls for cooperation on Sunday, saying that working to together “is crucial” to tackling the global financial crisis. Speaking at the 4th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) at the Asean Summit in Cha-am, Thailand, ADB President Haruhiko Kuroda said Asean countries should bring down trade barriers along with other Asean-wide initiatives as part of the strategy to battle the crisis, according to a statement Sunday. “Regional cooperation becomes even more important as we seek to pursue joint approaches and pool our resources to cope with difficulties that we all face,” he said.