Asia | Telecommunications | Fri Sep 19, 2014
BMI View:The formation of the AEC will put in place the conditions for e-commerce to flourish, including the elimination of tariffs, growing purchasing power, increased internet user penetration and integrated logistics. E-commerce companies are alreadypositioning themselves to take advantage of this trend, as 60mn new consumers come online in the next five years, driven bysmartphoneuptake.This is the first of a two-part article looking at the impact of the AEC on the telecoms and ICT industries.
which industry stands to benefit most from e-commerce
BMI has an optimistic outlook for GDP growth for the Association of South East Asian Nations (ASEAN) over the coming years, as increased economic integration and liberalisation policies are implemented as part of the ASEAN Economic Community (AEC) plan. ASEAN aims to officially implement the goals of the AEC by the end of 2015, which will allow for the free movement of goods, services, investment, capital and skilled labour. ICT and telecoms has been identified as one of the priority sectors the community has targeted for growth and to this end, ASEAN has proposed the e-ASEAN initiative consisting of six main objectives: