Japanese Minister of Economy Toshihiro Nikai is set to unveil plans for a pan-Asian free trade area of 3.1 billion people, half the world's population, Malaysian news agency Bernama has reported ahead of the 38th ASEAN Economic Ministers meeting starting in Kuala Lumpur.
The free trade area would include ASEAN-countries Australia, China, South Korea, India, Japan and New Zealand and would be promoted by a Japanese fund of 100 million US dollars.
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