According to Technical Assistance Report, the Association of Southeast Asian Nations (ASEAN) member states inaugurated the ASEAN Economic Community (AEC) along with the AEC Blueprint 20251 at the Kuala Lumpur Leaders’ Summit in November 2015—8 years after the endorsement of the first AEC Blueprint 2015. The AEC Blueprint 2015 has acted as the master plan in guiding the region’s process of market integration and competiveness improvement. It was built on the following four interrelated pillars:
1. A single market and production base that enjoys the free flow of goods, services, investment, capital, and skilled labor
2. A competitive economic region
3. Equitable economic development; and (iv) integration with the global economy.
The proposed TA is included in the Regional Cooperation and Integration Pipeline for Southeast Asia, 2015–2017 and is consistent with the priorities of strengthening regional cooperation and integration and competitiveness in the following country partnership strategies: 3 2014–2018 for Cambodia; 2012–2016 for the Lao People's Democratic Republic (Lao PDR); 2011–2016 for the Philippines; and 2016–2019 for Indonesia. It supports the Midterm Review of Strategy 2020. The TA impact is a more dynamic and competitive region with a single market and production base achieved, which is aligned with Blueprint 2025. The TA outcome is implementation of the AEC commitments in priority areas improved.
Project Officer: Lozano Astray, Maria Cristina
Southeast Asia Department
No contact information provided at the time of disclosure.
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