Following the establishment of AEC 2015, the AEC Blueprint 2025 has been developed as ASEAN’s new master plan for economic integration for the next 10 years. ASEAN’s socio-economic progress in these two and a half decades is heralded by remarkable human and sustainable development. Of special importance are the complementarity of the AEC Blueprint 2025 with the Master Plan on ASEAN Connectivity (MPAC) 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025.
the AEC Blueprint 2015 by end-2016.
The ASEAN Leaders at their Summit in Kuala Lumpur in December 1997 decided to transform ASEAN into a stable, prosperous, and highly competitive region with equitable economic development, and reduced poverty and socio-economic disparities (ASEAN Vision 2020). The AEC Blueprint 2025 has been developed taking into account the recommendations of the two studies, namely, by the Economic Research Institute for ASEAN and East Asia (ERIA), and the S. Rajaratnam School of International Studies (RSIS) and the Institute of Southeast Asian Studies (ISEAS), as well as inputs from other stakeholders. ASEAN Economic Community (AEC) 2025: Financial Integration in ASEAN What is AEC 2025?
ASEAN ECONOMIC COMMUNITY BLUEPRINT 2025 3 ii. The main objective of this characteristic is to facilitate the seamless movement of good s, services, investment, capital, and skilled labour within ASEAN in order At the heart of the ASEAN Socio-Cultural Community (ASCC) is the commitment to lift the quality 10. INTRODUCTION 1. ASEAN ECONOMIC COMMUNITY BLUEPRINT I. ASEAN blueprints can there be inclusive and dynamic regional integration under the AEC that supports robust community–building within ASEAN. regional grouping, one must explore ASEAN’s economic journey from its modest goals of a preferential trade agreement in the 1970s through the establishment of the ASEAN Free Trade Area (AFTA) in the 1990s, the AEC Blueprint 2015, and the AEC Blueprint 2025.
ASEAN Economic Community 9. ASEAN’s economic journey reflects the grouping’s step-by-step confidence-building INTRODUCTION 1.
Our ASEAN Economic Community by 2025 shall be highly integrated and cohesive; competitive, innovative and dynamic; with enhanced connectivity and sectoral cooperation; and a more resilient, inclusive, and people-oriented, people-centred community, integrated with the global economy. Highly A integrated and cohesive Economy 7. harting the region’s trajectory over ASEAN’s socio-economic progress in these two and a half decades is heralded by remarkable human and sustainable development. Although as at 31 October 2015, only 79.5 percent of all 611 AEC measures had been reached, it is cHArActEriSticS AND ElEmENtS oF ASEAN EcoNomic commuNity bluEpriNt 2025 A. ASEAN Economic Community AEC 2025: The Way Forward The Association of Southeast Asian Nations (ASEAN)2, established on 8 August 1967 in Bangkok, launched the ASEAN Economic Community (AEC) at the end of 2015.
ASEAN Socio-Cultural Community Blueprint 2025 | Page-1 I.
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