31 Dec 2015
ASEAN Economic Community Launch Marks Major Milestone for the Trade Bloc
The ASEAN Economic Community (AEC) officially launches today (31 December 2015). The announcement marks an important milestone for ASEAN's 10 member nations – Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, Cambodia, the Lao People's Democratic Republic, Myanmar and Vietnam. It is a key development and boosts the bloc's ambitions to come together to form a 600-million strong consumer market, which would collectively rank the region as the world's seventh largest economy. Following its establishment, the Community now plans to pursue four basic aims – the creation of a single market and production base; increasing competitiveness; promoting equitable economic development; and further integrating the ASEAN markets with the global economy.
For Further Information See:
Welcome to the ASEAN Economic Community