	shultz warns asean of looming  problem u s secretary of state george shultz warned members of the association of southeast asian nations asean they could no longer rely on increased exports to the u s for growth given the importance of exports particularly export manufactures to all of your countries you are going to have to work hard to diversify your markets he said while you may be able to maintain your current market share in the u s you clearly will not be able to look to the u s to take major increases in your exports he added shultz told the foreign ministers of brunei indonesia malaysia the philippines singapore and thailand the u s would cut its huge foreign  deficit more rapidly than many now believed he said asean s looming  problems would not necessarily stem from protectionist legislation now being contemplated by congress but simply because of the adjustments the u s economy will have to make in order to service our large and growing external debt shultz said the u s deficit had resulted not from falling exports but from higher imports that had fuelled world growth reuter 
