You are here

Asia's legal framework has to be trade-ready

Small but key steps are being taken to harmonise the widely varying laws on competition, consumer protection and intellectual property.

The legal fraternity and the business community should work together at coming up with market-driven solutions that respect Asian sensitivities. One solution could lie in the development and drafting of Asian standard form contracts for specific sectors and industries.

THE launch of the Asian Infrastructure Investment Bank next year and the growing number of Asian nations signing on as its members is to be welcomed - not just for the reason that it will help address the immense infrastructure investment needs of Asia, but for the fact that a number of Asian