The ASEAN Economic Community: Progress, Challenges, and Prospects

Siow Yue Chia
Additional contact information
Siow Yue Chia: Asian Development Bank Institute

No 440, ADBI Working Papers from Asian Development Bank Institute

Abstract: The ASEAN Economic Community (AEC) was set up in 2003 with the objectives of creating a single market and production base, enhancing equitable economic development as well as facilitating the integration into the global economy. The AEC involves liberalization and facilitation of trade in goods, services, and investment, as well as protection and promotion of investment. The paper outlines the AEC Blueprint actions and the time lines for completion. The authors find that by end-2011 only an implementation rate of 67.5% had been achieved. While tariff elimination is found to be largely on schedule, there are difficulties with the removal of non-tariff barriers as well as with the liberalization of services and investment regimes.

Keywords: regional integration; regional cooperation; economic cooperation; trade; investment; goods; services; asean economic community (search for similar items in EconPapers)
JEL-codes: F13 F15 O19 O24 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2013-10-28
New Economics Papers: this item is included in nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.adbi.org/files/2013.10.25.wp440.asean.e ... gress.challenges.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://www.adbi.org/files/2013.10.25.wp440.asean.economic.community.progress.challenges.pdf [302 Moved Temporarily]--> https://www.adbi.org/files/2013.10.25.wp440.asean.economic.community.progress.challenges.pdf [302 Moved Temporarily]--> https://www.adb.org/adbi/files/2013.10.25.wp440.asean.economic.community.progress.challenges.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:0440

Access Statistics for this paper

More papers in ADBI Working Papers from Asian Development Bank Institute Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan. Contact information at EDIRC.
Bibliographic data for series maintained by ADB Institute ().