Summary: Key Takeaways
1. The AEC will not be a “big bang” event but should be seen as a
work in progress that started over 20 years ago.
2. Goods: Much has been done in reducing tariffs, but non-tariff
barriers remain obstacles.
3. Services/Investment: Some progress in foreign ownership
liberalization but still a long way to go
4. Labor: Only mutual recognition of some professionals, does
not involve unskilled/semi-skilled workers
5. Capital: Only “freer” flows because members are at different
stages
6. AEC and EU are on different integration paths. There is
currently no plans for a common currency in the AEC.