What is Asean blueprint?

What is the Asean Economic Community and its blueprint?

Introduction : The implementation of the ASEAN Economic Community (AEC) Blueprint 2015 has been substantively achieved in, among others, eliminating tariffs and facilitating trade; advancing the services trade liberalisation agenda; liberalising and facilitating investment; streamlining and harmonising capital market …

What is the Asean Economic Community Blueprint 2025 part of?

The AEC Blueprint 2025 consists of five interrelated and mutually reinforcing characteristics, namely: (i) A Highly Integrated and Cohesive Economy; (ii) A Competitive, Innovative, and Dynamic ASEAN; (iii) Enhanced Connectivity and Sectoral Cooperation; (iv) A Resilient, Inclusive, People-Oriented, and People-Centred …

What is AEC Blueprint and how important it is in the ASEAN?

The AEC is ultimately designed to create a single market and production base within ASEAN. The AEC will allow for the free movement of goods, services, skilled labor, and investment among the 10 ASEAN member nations and to facilitate the freer flow of capital. In order to achieve this, ASEAN created the AEC Blueprint.

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When was the Asean Economic Community blueprint adopted?

The AEC Blueprint 2025 is adopted by the ASEAN Leaders at the 27th ASEAN Summit on 22 November 2015 in Kuala Lumpur, Malaysia. It provides broad directions through strategic measures for the AEC from 2016 to 2025.

What is the vision of the Asean Economic Community?

View all notes ASEAN Community Vision 2025 envisions ASEAN Economic Community 2025 (AEC2025) as highly integrated, cohesive, competitive, innovative, and dynamic; with enhanced connectivity and sectoral cooperation; and a more resilient, inclusive, and people-oriented, people-centered community, integrated with the …

Who among the ASEAN members has the richest economy?

List

Rank Country GDP (PPP) per capita USD
ASEAN 13,475
1 Indonesia 12,882
2 Thailand 19,004
3 Philippines 9,061

What are the 4 pillars of Asean Economic Community?

The AEC is characterised by four pillars: single market and production base, highly competitive economic region, a region of equitable economic development, and a region that is fully integrated with the global economy.

What are the disadvantages of ASEAN integration?

As a regional grouping, ASEAN has four major weaknesses: The tendency to prioritize national over regional interests, weak leadership, ineffective bureaucratic structure and purely emulating the Western approach.

What is the main goal of ASEAN 2015 agenda?

To promote a healthy and caring ASEAN Community, where the people achieves maximal health potential through healthy lifestyle, have universal access to quality health care and financial risk protection; have safe food and healthy diet, live in a healthy environment with sustainable inclusive development where health is …

What are the three pillars of ASEAN community?

shall be established comprising three pillars, namely political and security cooperation, economic cooperation, and socio-cultural cooperation…”

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What is AEC?

The acronym AEC stands for “architecture, engineering and construction“.