What is the AEC ? Meaning ASEAN Economic Community, it was established in December 2015 between 10 member states: Indonesia, Vietnam, Cambodia, Singapore, Malaysia, Brunei, Philippines, Laos, Myanmar, and Thailand. Its ultimate goal is to allow for the free movement of goods, skilled labor, services, and investment.
On January 1, 2016, the world’s seventh largest economy, the Association of Southeast Asian Nations (“ASEAN”), inaugurated the ASEAN Economic Community (” AEC “). The AEC aims to create a single market and production base for the free flow of goods, services, investment, capital, and skilled labor within ASEAN.
Along with the ASEAN Community Vision 2025 , and the ASEAN Political-Security Community (APSC) Blueprint 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025 , the AEC Blueprint 2025 forms part of ASEAN 2025 : Forging Ahead Together. It succeeded the AEC Blueprint (2008-2015), which was adopted in 2007.
Understanding the ASEAN Economic Community ( AEC )
Southeast Asia is composed of eleven countries of impressive diversity in religion, culture and history: Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Ambulatory Emergency Care (AEC)
To promote a healthy and caring ASEAN Community, where the people achieves maximal health potential through healthy lifestyle , have universal access to quality health care and financial risk protection; have safe food and healthy diet, live in a healthy environment with sustainable inclusive development where health is
ASEAN in the Global Economy – An Enhanced Economic and Political Role. With its strategic location, abundant natural resources, quality human resources and growing economies , ASEAN has engaged economically, by way of trade and investments, with all the large economies of the world.
ASEAN and the need for the ASEAN Community as a whole to remain outward looking, the 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
The ASEAN Declaration states that the aims and purposes of the Association are: (1) to accelerate the economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of
Establish ASEAN as: A Highly Integrated and Cohesive. Economy. A Competitive, Innovative and Dynamic . ASEAN. Enhanced Connectivity and Sectoral. Cooperation. A Resilient, Inclusive and People- Oriented, and People-Centred ASEAN.
The ASEAN Community 2015 is a community of opportunities under three community pillars: Political- Security Community, Economic Community, and Socio-Cultural Community. Multi-media show announcing the establishment of ASEAN Community at the 27th ASEAN Summit.
ASEAN , (the Association of South East Asian Nations), was founded in 1967 “to strengthen further the existing bonds of regional solidarity and cooperation.” The Philippines was one of the founding member countries when ASEAN was set up in Jakarta, while the ASEAN Economic Community (AEC), which was implemented in
Australia became the first of ASEAN’s ten dialogue partners in 1974. We entered into a Strategic Partnership in 2014 and agreed to commence biennial leaders’ summits in 2015, with the first of these held in Vientiane in November 2016. Learn some key facts about ASEAN in Why ASEAN matters: key facts.
ASEAN way is a form of interaction that is informal, non-confrontationist and cooperative. The objectives: (i) To accelerate economic growth and through that ‘social progress and cultural development. ‘ (ii) To promote regional peace and stability based on the rule of law and the principles of UN charter.