(MENAFN - Kuwait News Agency (KUNA)) Director of ASEAN studies at Thailand's Thammasat University Prapat Thepchatri believes that the reelection of US President Barack Obama will improve the economy of the Southeast Asian geo-political and economic bloc.
If Obama were to take another four-year term, this would give him time to carry out his free-trade plans, which include multi-party agreements with states of the Association of Southeast Asian Nations (ASEAN), suggested Thepchatri, who was speaking to the Thai News Agency (TNA).
The bloc, formed in 1967, comprises Thailand, Indonesia, Malaysia, the Philippines, Singapore, Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam.
These agreements will lead to an expansion of partnerships between nations overlooking the Pacific Ocean, including others in Asia like Japan, South Korea and China, he said.
Obama had on numerous occasions asserted the importance of Asia as a region that will determine the future of the globe, due to it containing around half of the world's population, putting the region at the top of US diplomacy efforts.