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