Factors favouring Asean over Apec passport

Singapore may have chosen to participate in two Asian fund passporting schemes, but it is widely argued that the city-state is more supportive of the Association of Southeast Asian Nations initiative. And that is not the only factor stacking up in favour of the Asean plan. The Asean scheme – proposed by Singapore, Thailand and Malaysia – is further advanced than the Asia region funds passport (ARFP) plan unveiled less than a month earlier, which will involve Australia, New Zealand…