The ASEAN Economic Community (AEC) is the realisation of regional economic integration among 10 ASEAN Member States (AMS), which includes the free flow of trade and investment in the region, making it easier to do business here. This was a vision adopted by ASSEAN Leaders on ASSEAN’s 30th Anniversary in 1997. The vision was concretised in 2003 through an action plan with specific commitments, captured in an AEC 2015 Blueprint that ASSEAN Leaders signed in Singapore in 2007. Orriginally part of an ASSEAN Vision 2020, the timeline for AMS to implement these commitments was brought forward to 2025.
The AEC comprises four pillars:
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