In November 2015,ASEAN launched ASEAN Economic Community Blueprint2025,which put forward the five pillars of the construction of ASEAN Economic Community( AEC) for the next ten years.The AEC construction process will have...
Ministers also discussed the progress of implementation of the AEC Blueprint 2025 and the development of the ASEAN Community Vision 2045. ASEAN economic ministers adopted at the meeting ASEAN Services Facilitation Framework, which is a set ...
This paper explores the development of ASEAN Economic Community (AEC) based on the AEC 2025 Blueprint. The paper identifies the key challenges for ASEAN to shift its regional and domestic economy to the next stage of growth in the global value chain. The issues of intra- and extra-ASEAN ...
The economic ministers exchanged views on global and regional developments and reviewed the implementation of the AEC Blueprint 2025, including progress in ASEAN's external economic relations. The ministers highlighted that Singapore's chairmanship theme of "resilient and innovative" has created the mome...
The ASEAN Economic Community (AEC) was officially launched on 31 December 2015 to improve regional economic integration. ASEAN’s single market allows for easier movement of goods, services, investment, capital and people across the region. The AEC Blueprint 2025 sets out broad directions for the...
Despite an ASEAN Economic Community goal of significant economic integration as laid out in the AEC Blueprint 2025, ASEAN continues to face challenges towards integration.[332] A report published by the Asian Trade Centre in 2019 identified multiple sectors that face challenges towards integration due...
Hence, the AEC Blueprint 2025 stresses the need to “reinforce ASEAN centrality in the emerging regional economic architecture, by maintaining ASEAN's role as the center and facilitator of economic integration in the East Asian region”. Role of 'Belt and Road' China and ASEAN have great ...
community blueprint 2025 on April 6.The ASEAN Economic Community (AEC)Blueprint 2025 includes strategic objectives for financial integration, financial stability and financial inclusion.The joint statement of the fourth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting noted that the finance ...
13 AEC Blueprint 2025 The focus of AEC Blueprint 2025 is to ensure: • a well integrated and connected within the global economic system; • a business-friendly, trade-facilitative, market driven and predictable environment; • a region with a key role in global value chains and ...
Moving forward, Lim said, the key priorities are to fully implement the AEC Blueprint 2025, deepen market integration, strengthen cross-pillar and cross-sectoral collaboration, and address new emerging issues requiring the region's attention such as 4IR, he added. ...