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ASEAN Economic Community Scorecard - Performance and Perception (Paperback, New ed.)
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ASEAN Economic Community Scorecard - Performance and Perception (Paperback, New ed.)
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During the 13th ASEAN Summit in November 2007, ASEAN Leaders
endorsed the ASEAN Economic Community (AEC) Blueprint, which laid
the foundation of creating a ""single market and production base""
among the ten Southeast Asian economies. Soon after that, ASEAN
faced great uncertainties in the light of the 2008 global financial
crisis and continues to remain cautious in the face of the ongoing
global economic weakness. Despite this, the region is forging ahead
with its commitment to carry out economic liberalisation and
cooperation as stipulated in the AEC Blueprint. The official AEC
scorecard, published in March 2012, stated that ASEAN had achieved
68.2 per cent of its targets for the 2008-11 period. The official
AEC scorecard is expected to track the implementation of measures
and the achievement of milestones committed in the AEC Strategic
Schedule. However, the scorecard, in its current form, is too brief
and general to be useful for the ASEAN citizens. This book attempts
to fill this gap and evaluates the current status of and the
progress towards the milestones of the AEC Blueprint. The overall
message of the book is that even though ASEAN may miss some of its
integration goals by 31 December 2015, it will certainly deliver
some of the key initiatives - tariff elimination, establishing the
ASEAN Single Window, laying the foundation of the regional
investment initiative, advancing tourism services, moving ahead
with ASEAN connectivity and the realisation of ASEAN 1 free trade
agreements. AEC's goal of forming an equitable and competitive
regional economy will continue to be a work in progress. AEC 2015
is going to be a historic milestone that will raise ASEAN's profile
and will help the region to maintain its centrality in the
international community.
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