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Economy

ASEAN and Japan to ink revamped economic pact in March

Deal will open up Southeast Asia's investment and service industries

A store assistant at a Singapore supermarket arranges Japanese snacks.   © Reuters

TOKYO -- Japan and the Association of Southeast Asian Nations are finalizing updates to their economic partnership agreement to resolve shelved issues on liberalizing the investment and service fields, completing a deal that took effect over a decade ago.

Japan and each ASEAN member will sign amendment protocols as soon as early March that will take effect as each country completes domestic procedures for approval. Abe met with ASEAN leaders in November to confirm the early signing of a deal.

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