The Apec Economic Blueprint : The Asean Economic Plan Essay

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AEC 2015 - The ASEAN Economic Blueprint Develops
The 1967 five founding nations of ASEAN (The Association of Southeast Asian Nations) now number ten nations who are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The ASEAN today, collectively is a market of some 600 million people. The GDP today is over US$1.8 trillion. This trade bloc is located between India and China making it the third Asian market in terms of it emergence as a trading bloc.
“”The deadline set for 31 December 2015 for the “full” integration of the member states into the ASEAN Economic Community seems to have been more a symbolic onset of formal obligations in a long process where various policy and industry commitments have been made. The ASEAN Economic Community 2015 Blueprint was worked on from 2008 until 2015. It described four large ASEAN goals. Those goals were (1) Single Market and Production Base, (2) Competitive Economic Region (3) Equitable Economic Development and (4) Integration Into the Global Economy. (AECat-a-glance-2016_web_version2.pdf )
Of the four identified commitments perhaps the most significant in terms of its effects on the business community is “Single Market and Production Base.”
Many attempts describe what is meant by the phrase “Single Market and Production Base.” This paper agrees a single production base and market allows businesses to tap into products and services complementary in the region. The need is to
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