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
liberalizaMon
but
sMll
a
long
way
to
go
4. Labor:
Only
mutual
recogniMon
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
integraMon
paths.
There
is
currently
no
plans
for
a
common
currency
in
the
AEC.
21