Since its formation, ASEAN has been an underdeveloped region grown into one of the most dynamic drivers of today’s global economy. Members of the community focus on investments for the formation of the Economic Community within ASEAN (AEC).
The AEC was established in 2015 with a view to further integration and sustainable development in the region. AEC provides free movement of goods, services, investments, skilled workforce and capital between Member States. This provides significant benefits in the form of a large common market and reduced trade barriers. ASEAN also cooperates with states outside the integration association. ASEAN will remain a dynamically developing market, an additional idea of which will help to compile the report in the coming years.
