When was the Asean Economic Community blueprint adopted?
When was the Asean Economic Community blueprint adopted?
The AEC Blueprint 2015 was adopted in 2007 as a coherent master plan guiding the establishment of the AEC in 2015. Immediately after that, a new AEC Blueprint 2025 was developed to set the strategic directions for the next phase of ASEAN’s economic integration agenda.
What is the current status of the Asean Economic Community AEC?
The AEC furthers integration into the global economy by participating in global supply chains and actively promotes FTAs with countries outside the ASEAN region. The AEC was established at the end of 2015 as planned and ASEAN is currently implementing the AEC Blueprint 2025.
What is the objective of Asean Economic Community?
The objective of the ASEAN Economic Community (AEC) is to transform ASEAN into a region with free movement of goods, services, investment, skilled labour, and freer flow of capital.
What is the role of economic community?
The Role of Community in Economic Development The market is an organization coordinating competition among people seeking profits by impersonal means of prices, and the state intervenes in matters of resource allocations through the use of coercive power.
What are the five interrelated and mutually reinforcing characteristics of Asean Economic Community?
The AEC Blueprint 2025 consists of five interrelated and mutually reinforcing characteristics, namely: (i) A Highly Integrated and Cohesive Economy; (ii) A Competitive, Innovative, and Dynamic ASEAN; (iii) Enhanced Connectivity and Sectoral Cooperation; (iv) A Resilient, Inclusive, People-Oriented, and People-Centred …
What are the challenges of AEC realization?
The biggest challenge to the AEC is the growth of anti-globalisation attitudes in the world in general and in ASEAN in particular.
What is the role of economic Community?
How does ASEAN influence global economic activity?
It is emerging as a services hub in the region and is the chosen destination for investments. With its strategic location, abundant natural resources, quality human resources and growing economies, ASEAN has engaged economically, by way of trade and investments, with all the large economies of the world.
