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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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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