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Economic Community
With a market size of $2.3 trillion and 600 million people, AEC aims to
achieve a single integrated market through the process of regional
economic integration.

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Overview Related Links

The AEC is the realization of the region’s end goal of accelerated to 2015). The Declaration of ASEAN Concord II Annexes to Member
economic integration. It envisions ASEAN as a single market comprise of three pillars including the AEC. the Protocol Countries’
and product base, a highly competitive region, with equitable The AEC Blueprint 2015 was adopted in 2007 as a coherent to Implement Horizontal
economic development, and fully integrated into the global master plan guiding the establishment of the AEC in 2015. the Initial Commitments
economy. Immediately after that, a new AEC Blueprint 2025 was Package of , Schedules
The history of AEC can be traced back as far as 1992 when developed to set the strategic directions for the next phase of Commitmentsof Specific
the ASEAN Leaders mandated the creation of the ASEAN ASEAN’s economic integration agenda. The AEC Blueprint Under the Commitments
Free Trade Area (AFTA). Since then, efforts were intensified to 2025 is envisaged to further deepen economic integration and ASEAN and the List
broaden the region’s economic potentials. The adoption of achieve a more integrated economic community with the Framework of Most-
ASEAN Vision 2020 by the Leaders in 1997 has further following characteristics: Agreement Favoured
envisaged ASEAN as a highly competitive region with free A Highly Integrated and Cohesive Economy on Services Nation
flow of goods, services, investments, a freer flow of capital, A Competitive, Innovative and Dynamic ASEAN (1997) Exemptions
equitable economic development and reduced poverty and Enhanced Connectivity and Sectoral Cooperation
socio-economic disparities. A Resilient, Inclusive, People Oriented and People- Annexes to
In 1998, the Leaders adopted the Hanoi Plan of Action (HPA). Centered ASEAN, and the Protocol
It chartered out a set of initiatives for economic integration to A Global ASEAN to Implement
realize the ASEAN Vision 2020. Recognizing the need for an the Second
integrated region, the Leaders issued the Declaration of These characteristics support the vision for the AEC under the Package of
ASEAN Concord II in 2003 which set out the establishment of ASEAN Community Vision 2025. Commitments
ASEAN Community (initially targeted by 2020 but was later Under the
ASEAN
Framework
Agreement
on Services
(1998)


ASEAN Economic Ministerial Meetings (AEM)

Highly Integrated and Cohesive Economy

The ASEAN Economic Community envisions ASEAN as a single market and production base. Free flow of goods, services, investments, capital, and labor will allow the
development of production networks in the region and enhance ASEAN’s capacity as the global supply chain.

 Trade & Market Integration  Trade Facilitation

 Trade In Goods  Customs

 Rules Of Origin  ASEAN Single Window


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 Trade In Services  Finance Integration

 Investment  Standard & Conformance

Competitive, Innovative and Inclusive

Economic Region
The goal of ASEAN economic integration is to create a stable, prosperous,
and highly competitive economic region. Three core elements under the
competitive region are:
Competition policy
Consumer Protection
Intellectual Property Rights (IPR)

ASEAN Member States are committed to introduce nation‐wide competition

policies and laws (CPL) to ensure a level playing field and incubate a culture
of fair business competition to enhance regional economic performance.

Read More 

Enhanced Connectivity and Sectoral

Development

Regional economic integration under  Energy

the AEC necessarily demands greater  Minerals
connectivity between ASEAN
Member States as well as within the
 Food, Agriculture and Forestry
countries. Transport, ICT, energy  ICT
connectivity and tourism are key  E‐commerce
elements of physical and people‐to‐
 Tourism
people connectivity in the region.
Additionally, other sectors such as  Science and Technology
agriculture, forestry, fisheries, science  Transport
and technology all play an important  Standard and Conformance
and complementary role to achieve
 Services
an integrated market under the AEC.

Resilient and Inclusive ASEAN

Key initiatives in the development of a resilient and inclusive ASEAN focus on the development of micro, small and medium enterprises (MSMEs) and
promotion of ASEAN integration among the developing members of ASEAN. These initiatives move towards bridging the development divide both at the SME
level and enhance economic integration of Cambodia, Lao PDR, Myanmar, and Viet Nam (CLMV) to enable all Member States to move forward in a unified
manner. All of which will enhance ASEAN’s competitiveness as a region as well as to ensure the benefits of the integration process for all. The ASEAN
Economic Community also supports private sector engagement by facilitating work with ASEAN Business Advisory Council and other business councils
in the region.

MSMEs PPSE

Integration with Global Economy

Through Free Trade Agreements (FTA) and Closer Economic Partnership
(CEP) as well as enhanced participation in global supply networks, ASEAN is
both integrating into the global economy as well as enhancing the
attractiveness of its internal market for foreign investment.

ASEAN-China Economic Relations

ASEAN-Korea Economic Relations
ASEAN – Japan Economic Relations
ASEAN-Plus Three Economic Cooperation
ASEAN-Hong Kong, China Economic Relations
ASEAN-Australia- New Zealand Economic Relations
ASEAN – India Economic Relations
ASEAN-Russia Economic Relations
ASEAN-US Economic Relations
ASEAN-Canada Economic Relations
ASEAN-EU Economic Relations
ASEAN – East Asia Summit (EAS) Economic Cooperation
The Regional Comprehensive Economic Partnership (RCEP)
ASEAN operates in an increasingly inter‐connected and highly networked
global environment, with interdependent markets and globalized industries.
Establishing ASEAN as a dynamic region with businesses that are able to
compete internationally means looking beyond the border of ASEAN Economic
Community (AEC).

Monitoring Regional Economic Integration

The implementation of the AEC Blueprint 2025 and its corresponding sectoral plans will be supported by effective and robust monitoring and
evaluation. An enhanced framework was developed as a monitoring tool to assess the implementation status of AEC measures and their
outcomes, as well as measuring the impact of the regional economic integration upon the broader socio‐economic environment of the ASEAN
Member States. The framework will also be supported by the development of timely ASEAN statistics and capacity across the region.

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 
AEC Monitoring ASEAN Stats

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