Advantage and Disadvantage of AEC
1 Business of Tourism in Thai will grow: Because Thai is the center of the AEC according on geographic then Thailand will be the main hub for travelling though other country.
2Economic Growth: more opportunity for each country because of the bigger size of market and free flow of labor and capital.
3 Free Trade Area a common external preferential tariff scheme to promote the free flow of goods within ASEAN.[44] The ASEAN Free Trade Area (AFTA) is an agreement by the member nations of ASEAN concerning local manufacturing in all ASEAN countries.
4 Exchange in technology: each country will have an opportunity to gain new technology such as technology in production and medical.
5Product price will decrease: because of the free flow in labor and resources and terminate tariff cheaper resources in other country will replaced.
6 opportunity to move production base: Entrepreneur will have more choice to move their production base to meet country where labor cost is cheaper.
7 Trade in Services such as air transport, business services, construction, financial services, maritime transport, telecommunications and tourism.
8 improve international competitiveness: include the bargain power on non-members countries.