Implementation news

The Association of Southeast Asian Nations (ASEAN) takes steps toward implementing the ASEAN Economic Community (AEC) by the end of 2015.

The ASEAN Economic Community 2015: Progress and Key Achievements serves as a quick reader-friendly reference on the AEC. It succinctly explains the origin of the AEC, what it means, where it is now, and what kind of benefits it brings.

The ASEAN Economic Community (AEC) Chartbook 2015, provides statistical updates on the various dimensions of the ASEAN economic community based primarily on data submitted by the ASEAN Member States (AMS). It covers the period of 2007, the year the Declaration on the ASEAN Economic Community Blueprint was signed, to 2014.

East Asia continues to sustain a high level of economic integration, yet a significant proportion of intraregional trade is still uncovered by agreements to guard against current and possible future protectionism. Without multilateral movement under the World Trade Organization, further regional integration can proceed only through agreements that reduce trade barriers within the region.

People become aware of the divine power of a mantra only when they no longer hear it.

The Association of Southeast Asian Nations (ASEAN) committed to free trade and economic integration on Friday, as protectionism takes hold in the US and the UK.

It has been one year since the realisation of the ASEAN Community and its achievements so far have been mixed. While there has been some significant progress made towards realising the ASEAN Community’s economic goals there is still much room for improvement in terms of meeting its political-security and socio-cultural targets.