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The Latest: SE Asia aims to be 4th largest market globally

Cambodia's Prime Minister Hun Sen, center, and his wife Bun Rany, left, are greeted by officials on their arrival for the 27th Association of Southeast Asian Nations (ASEAN) summit, in Sepang, Malaysia, Friday, Nov. 20, 2015. (AP Photo/Lai Seng Sin)
Cambodia's Prime Minister Hun Sen, center, and his wife Bun Rany, left, are greeted by officials on their arrival for the 27th Association of Southeast Asian Nations (ASEAN) summit, in Sepang, Malaysia, Friday, Nov. 20, 2015. (AP Photo/Lai Seng Sin)

By Associated Press 3 min read

KUALA LUMPUR, Malaysia (AP) – Ten Southeast Asian heads of state and nine world leaders, including President Barack Obama, are meeting in Malaysia to discuss trade and economic issues. Terrorism and disputes over the South China Sea are also on the agenda. (All times local):

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12:35 p.m.

Prime Minister Najib Razak of Malaysia says Southeast Asia will be the fourth-largest market in the world by 2050, thanks to the formation of a regional economic community.

Najib was speaking at a business conference Friday, held on the sidelines of a series of summits this weekend, led by the Association of Southeast Asian Nations, or ASEAN.