October 7, 2003 -
The Jakarta Post, October 6, 2003
Leaders of 10 Southeast Asian nations ranging from fledgling democracies to an absolute monarchy signed a landmark accord Tuesday aimed at wrestling their disparate region into a European-style economic community by 2020.
The blueprint, dubbed the Bali Concord II, envisions a single market eliminating tariff and non-tariff barriers within an economic grouping encompassing 500 million people and annual trade totaling US$720 billion.
"We have just witnessed a watershed in the history of ASEAN," Indonesian President Megawati Soekarnoputri said.
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