ASEAN Economic Community: Global economic powerhouse in the making

Published by The American Chamber of Commerce in Japan Journal, April 2015 issue.

Credit: Deloitte Southeast Asia

Credit: Deloitte Southeast Asia

By Tom Benner

The unveiling of the Association of Southeast Asian Nations (ASEAN) as an economic community will take place on December 31. When the 10 countries that make up ASEAN join forces as a common market—the ASEAN Economic Community (AEC)—there will be inevitable comparisons to the European Union.

As an integrated regional economy, the member states of the AEC—Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam—will comprise the world’s seventh-largest economy. Continue reading …

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