Following the formal establishment of the ASEAN Economic Community (AEC) in 2015, the AEC will eventually have a great impact on the way we live, work and do business in the ASEAN region. As we know, at the end of 2015 the AEC was launched to make the region a single market and production base.
The AEC blueprint is built on four interrelated and mutually reinforcing pillars: a single market and production base, a highly competitive economic region, a region of equitable economic development and a region fully integrated into the global economy.
Most ASEAN countries are still at a relatively early stage of development and have large infrastructure gaps. Further liberalization of inter and intraregional flows of goods, services, and capital could be beneficial for growth, the creation of jobs, and inclusion in ASEAN.
Accordingly, the AEC is about creating a common m...