Last year’s extreme drought and contractions in the mining sector have combined to strip Vietnam of its stellar economic growth for 2016, while what effect the death two weeks ago of King Bhumibol Adulyadej will have on Thailand, the nation with the fastest recovering GDP in Asean for 2016, remains to be seen.
KUALA LUMPUR: On Sunday (Nov 22, 2015), leaders of ASEAN and their dialogue partners will witness the signing of the Kuala Lumpur Declaration on the establishment of the ASEAN Community.
Asia accounts for more than 50 per cent of the world’s automobile production, 62 per cent of liquid display screen, 86 per cent of smart phones and 100 per cent of digital cameras.
The food sector has the potential to benefit greatly in the new Asean Economic Community (AEC).
ASEAN is on the lookout for ways to accelerate trade facilitation and eliminate trade barriers by 2025 under its new 10-year ASEAN Economic Community (AEC) roadmap.
At the ASEAN Summit in Kuala Lumpur, in November, President Obama reached out to elevate the United States–ASEAN relationship to a ‘strategic partnership’ and invited ASEAN Leaders to a summit that, it’s now been announced, will take place at Sunnylands in Rancho Mirage, California on 15–16 February.
Regardless of whether or not the ASEAN Economic Community (AEC) will be successfully concluded by its deadline of 31 December 2015, we shouldn’t be solely obsessing about its ability to deliver its ‘single market’ objective on time: the AEC project has broader strategic objectives too, and on that front, it’s been a success.
Established in late 2015 by the Association of Southeast Asian Nations (itself founded in 1967), the AEC has been seen as a way to promote economic, political, social and cultural cooperation across the region.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
