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Key Features of ASEAN Economic Community

The document outlines the key characteristics and elements of the ASEAN Economic Community (AEC), including: 1) establishing a highly integrated economy through trade, investment, financial integration, and skilled labor mobility; 2) fostering competitiveness through policies supporting innovation, research, regulations, and sustainable development; 3) enhancing connectivity across sectors such as transport, energy and agriculture; 4) ensuring inclusion through support of small/medium enterprises and narrowing development gaps; and 5) positioning ASEAN as a global player through implementation and review mechanisms.

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Alen Joel Pita
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78 views2 pages

Key Features of ASEAN Economic Community

The document outlines the key characteristics and elements of the ASEAN Economic Community (AEC), including: 1) establishing a highly integrated economy through trade, investment, financial integration, and skilled labor mobility; 2) fostering competitiveness through policies supporting innovation, research, regulations, and sustainable development; 3) enhancing connectivity across sectors such as transport, energy and agriculture; 4) ensuring inclusion through support of small/medium enterprises and narrowing development gaps; and 5) positioning ASEAN as a global player through implementation and review mechanisms.

Uploaded by

Alen Joel Pita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

CHARACTERISTICS AND ELEMENTS OF AEC

A. A highly integrated and cohesive economy


a.1. Trade in goods
a.2. Trade in services
a.3. Investment environment
a.4. Financial integration, financial inclusion, and financial stability
a.5. Facilitating movement of skilled labor and business visitors
a.6. Enhancing participation in global value chains
B. A competitive, innovative, and dynamic AEC
b.1. Effective competition policy
b.2. Consumer protection
b.3. Strengthening intellectual property rights cooperation
b.4. Productivity-driven growth, innovation, research and development, and
technology commercialization
b.5. Taxation cooperation
b.6. Good governance
b.7. Effective, efficient, coherent and responsive regulations, and good regulatory
practice
b.8. Sustainable economic development
b.9. Global megatrends and emerging trade related issues
C. Enhance connectivity and sectoral cooperation
c.1. Transport
c.2. Information and communications technology
c.3. E-Commerce
c.4. Energy
c.5. Food, agriculture, and forestry
c.6. Tourism
c.7. Healthcare
c.8. Minerals
c.9. Science and technology
D. A resilient, inclusive, people-oriented, and people-centered ASEAN
d.1. Strengthening the role of MSMEs
d.2. Strengthening the role of the private sector
d.3. Public-private partnership
d.4. Narrowing the development gap
d.5. Contribution of stakeholders on regional integration efforts
E. A global ASEAN
IMPLEMENTATION AND REVIEW
A. Implementation Mechanism

a.1. ASEAN secretariat


a.2. Other institutions
B. Resources
C. Communications
D. Review

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