64. ASEAN operates in an increasingly global environment, with interdependent markets and
globalised industries. In order to enable ASEAN businesses to compete internationally, to make
ASEAN a more dynamic and stronger segment of the global supply chain and to ensure that the
internal market remains attractive for foreign investment, it is crucial for ASEAN to look beyond
the borders of AEC. External rules and regulations must increasingly be taken into account when
developing policies related to AEC.