The goal of regional economic integration by 2015 shall be realised by the ASEAN Economic Community (AEC). AEC envisions the following key characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy.

The AEC areas of cooperation include human resources development and capacity building; recognition of professional qualifications; closer consultation on macroeconomic and financial policies; trade financing measures; enhanced infrastructure and communications connectivity; development of electronic transactions through e-ASEAN; integrating industries across the region to promote regional sourcing; and enhancing private sector involvement for the building of the AEC.

In summary, the AEC will turn ASEAN into a region with free movement of goods, services, investment, skilled labour, and freer flow of capital.

AEC

[embeddoc url=”http://carum.um.edu.my/wp-content/uploads/2015/05/ASEAN-ECONOMIC-BLUEPRINT.pdf” download=”none”]

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World’s Best Airport according to AirHep Annual Report. Which ASEAN country is ranked in the top 10?

https://www.bloomberg.com/news/articles/2019-05-09/the-best-and-worst-airlines-and-airports-of-2019

Which ASEAN member state is the most innovative?

Find out more here:

https://www.thailand-business-news.com/corporate/71076-the-worlds-most-talent-competitive-countries-in-2019.html

HAPPY TEACHER’S DAY https://twitter.com/unimalaya/status/1128835712298639360