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Spectre of war may hurt Asean trade: Rafidah
Published:  Sep 10, 2002 7:43 AM
Updated: Jan 29, 2008 10:21 AM

Intra-Asean trade may suffer if oil prices continue to climb amid rising fears of a US-led war on Iraq, Malaysia's trade minister Rafidah Aziz said today.

If oil importing countries needed to spend more, "their capacity to import other items would be diminished," she told a news conference ahead of an Association of Southeast Asian Nations economic ministers meeting in Brunei on Sept 11-15.

The spectre of war in Iraq "worries everybody I think. When that happens, the oil price will go through the ceiling, I'm sure."


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