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.
Even though the AEC is just three months away from being launched, there has been scepticism associated with ASEAN leaders’ ability to bring the AEC into fruition.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
