ASEAN ECONOMICS COMMUNITY
The ASEAN Economic Community (AEC) shall
be the goal of regional economic integration by 2015. AEC envisages the
following key characteristics: (a) a single market and production base,
(b) a highly competitive economic region, (c) a region of equitable
economic development, and (d) a region fully integrated into the global
economy.
The AEC areas of cooperation include
human resources development and capacity building; recognition of
professional qualifications; closer consultation on macroeconomic and
financial policies; trade financing measures; enhanced infrastructure
and communications connectivity; development of electronic transactions
through e-ASEAN; integrating industries across the region to promote
regional sourcing; and enhancing private sector involvement for the
building of the AEC. In short, the AEC will transform ASEAN into a
region with free movement of goods, services, investment, skilled
labour, and freer flow of capital.
ASEAN Economic Community (AEC) Blueprint
The ASEAN Leaders adopted the ASEAN
Economic Blueprint at the 13th ASEAN Summit on 20 November 2007 in
Singapore to serve as a coherent master plan guiding the establishment
of the ASEAN Economic Community 2015.
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