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GBI 795 Global Business Issues. ASEAN Economic Community (AEC). By Zukifli Othman, 2012427616. One Vision, One Identity, One Community. ASEAN Community Building. A single market and production base A highly competitive economic region A region of equitable economic development
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GBI 795 Global Business Issues ASEAN Economic Community (AEC) By Zukifli Othman, 2012427616
One Vision, One Identity, One Community ASEAN Community Building
A single market and production base • A highly competitive economic region • A region of equitable economic development • A region fully integrated into the global economy AEC envisages the following key characteristics:
Promote Free Flow of Goods within ASEAN • Open market - sourcing • Better integration • Harmonisation of quality and standards • Standardisation of trade certifications. • Increase GDP & FDI • GDP USD2.2 trillion • GDP Growth 4.7% • GDP per capita $3601 • Population 660 million! What is it for Malaysia?