Building the foundation: Prosperity, peace and people
The AEC is on track to eliminate tariffs on almost all goods by the end of the year. However, the share of the intra-Asean trade in total GDP (2009-2013) has been stuck at about 24 per cent, even lower than the previous corresponding period. While intra-Asean investment (2009-2013) has increased, the rate of increase is less than for extra-Asean. AEC is not fully utilising its own single market and production base.