The establishment of the AEC in 2015 aims at achieving a single market and 
production base which would encourage free flow of goods, service, investment, 
capital and skilled labor. These will enhance the region’s competitiveness and bring up 
new business opportunities to members. Consumers in the region will have wider 
choices of goods and services and will be benefited from a relaxation of immigration 
regulations. In addition, AEC is envisaging its members to become a highly competitive 
economic region by supporting a development of infrastructure, telecommunication, 
banking and finance, intellectual property protection, and promoting an equitable 
business development through capacity building programs for Small and Medium 
Enterprises (SMEs) as well as initiate networks and cooperation e.g., agreement to set 
up free trade area between ASEAN and other significant trading partners.
 
The establishment of the AEC in 2015 aims at achieving a single market and 
production base which would encourage free flow of goods, service, investment, 
capital and skilled labor. These will enhance the region’s competitiveness and bring up 
new business opportunities to members. Consumers in the region will have wider 
choices of goods and services and will be benefited from a relaxation of immigration 
regulations. In addition, AEC is envisaging its members to become a highly competitive 
economic region by supporting a development of infrastructure, telecommunication, 
banking and finance, intellectual property protection, and promoting an equitable 
business development through capacity building programs for Small and Medium 
Enterprises (SMEs) as well as initiate networks and cooperation e.g., agreement to set 
up free trade area between ASEAN and other significant trading partners.
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