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To face economic headwinds in 2019, ASEAN member states should prioritise implementing ASEAN Economic Community 2025 and concluding RCEP negotiation. ASEAN Economic Outlook 2019: Changing Skies? It has its genesis in the two previous ASEANstats’ publications: ASEAN Economic Community Chartbook and ASEAN Community in Figures, which were discontinued in 2017. Although as at 31 October 2015, only 79.5 percent of all 611 AEC measures had been reached, it is still a huge achievement for all countries It will be necessary, however, to take further actions to deliver equitable development across the ASEAN community and in line with Sustainable Development Goals. November 25, 2020. The AEC aims to foster a single market and industrial production capacity, increase competitiveness, support inclusive growth and further integrate the region into the global economy. The regional economy is forecast to recover well in 2021 from this year’s sharp contraction. 19 ASEAN Secretariat, ASEAN Statistical Highlights 2018. Economic Snapshot for ASEAN. ASEAN Statistical Leaflet 2019 Jakarta, ASEAN Secretariat, September 2019 315.59 1. ASEAN Key Figures 2019 vii INTRODUCTION ASEAN Key Figures 2019 is the second edition of the newest publication by the Statistics Division of the ASEAN Secretariat (ASEANstats). 2 - ASEAN Economic Community (AEC) ASEAN Economic Community (AEC) - 3 ASEAN ECONOMIC COMMUNITY The ASEAN Economic Community (AEC) Blueprint 2025, adopted by the ASEAN Leaders at the 27 ASEAN ... (ATSP) two-year Work Plan for 2018-2019, the ASEAN Tourism Marketing Strategy (ATMS) 2017-2020, and the ASEAN Declaration on Cruise … With the launch of the ASEAN Economic Community (AEC) in 2015, ASEAN member states have formed a tighter, more integrated group. ASEAN Economic Community AEC 2025: The Way Forward The Association of Southeast Asian Nations (ASEAN)2, established on 8 August 1967 in Bangkok, launched the ASEAN Economic Community (AEC) at the end of 2015. Author: Kaewkamol Pitakdumrongkit, RSIS. ASEAN – Statistics 2. ... 18 OECD, FDI Regulatory Restrictiveness Index, accessed November 2019. Internal trade within the ASEAN Economic Community (AEC), a bloc now entering its third year, is expected to help cushion the negative impacts, which includes fears of a global recession towards the end of this year and stretching into 2020. COMMENTARY THE NEW Year will likely see Southeast Asian economies face major economic headwinds namely the US-China trade tensions and the interest rate increases by the US Federal Reserve. ... Work still needs to be done in reducing the number of non-tariff barriers to facilitate trade and investment in the ASEAN Economic Community. Social Indicator – Economic Indicator ASEAN: A Community of Opportunities The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the The regional economy is forecast to recover well in 2021 from this year’s sharp contraction, with domestic demand set to be buoyed by an uptick in consumer and capital spending. Southeast Asian economies may face major economic headwinds this year amid US–China trade tensions and US Federal Reserve interest rate increases. "With the AEC in general there still seems to be a long way to go.” The ASEAN Economic Community’s (AEC’s) goal to double intra-ASEAN trade from 2017 to 2025 means that more aggressive measures are needed to boost regional trade. Navigating ASEAN’s economic priorities 11 February 2019.
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