What are the main characteristics of AEC Blueprint 2025?

What are the main characteristics of AEC Blueprint 2025?

The AEC Blueprint 2025 consists of five interrelated and mutually reinforcing characteristics, namely: (i) A Highly Integrated and Cohesive Economy; (ii) A Competitive, Innovative, and Dynamic ASEAN; (iii) Enhanced Connectivity and Sectoral Cooperation; (iv) A Resilient, Inclusive, People-Oriented, and People-Centred …

How many countries have adopted the Asean Economic Community Blueprint?

Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.

What is Asean integration of Asean Economic Community?

Overview. The AEC is the realization of the region’s end goal of economic integration. It envisions ASEAN as a single market and product base, a highly competitive region, with equitable economic development, and fully integrated into the global economy.

What is the name of the official Asean body that was established to ensure the overall implementation of the strategic measures in the AEC Blueprint 2025?

the ASEAN Economic Community Council (AECC)
The overall monitoring of the above components is conducted by the AIMD in support of the ASEAN Economic Community Council (AECC), which is the primary body responsible for monitoring and ensuring compliance of the AEC Blueprint 2025.

How many countries are in AEC?


show Association of Southeast Asian Nations
Working language English
Official languages of contracting states Burmese Mandarin English Filipino Indonesian Khmer Lao Malay Tamil Thai Vietnamese
Membership Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam

Which sector is the highest contributor to ASEAN GDP?

Agriculture is a vital sector for the ASEAN community accounting for over 25% of GDP in some member states and providing more than 40% of total employment in the case of Myanmar.

What are the possible sources of funding for the implementation of the APSC Blueprint?

Financial resources to implement the Blueprint will be mobilised by ASEAN Member States, as well as from various facilities including the ASEAN Development Fund (ADF), Dialogue Partners, donor countries, international agencies, the private sector, and non-governmental organisations. 34.

What are the disadvantages of ASEAN integration?

ASEAN’s weaknesses. Development gaps between and within members in income, human capital, institutions, and infrastructure and the absence of regional distributive mechanisms; disparities in good governance and the rule of law; disparities in population growth and population aging, that together with disparities in …

Who among the ASEAN members has the richest economy?

List 2022

Rank Country GDP (PPP) per capita USD
ASEAN 15,082
1 Indonesia 14,534
2 Thailand 21,057
3 Malaysia 32,901

When was AEC announced?

United States Atomic Energy Commission

Seal of the AEC
Independent agency overview
Formed 1946
Dissolved 1975
Superseding agency Energy Research and Development Administration (ERDA) Nuclear Regulatory Commission (NRC)

Why is Australia not part of ASEAN?

During the Sydney meeting Singapore’s prime minister emphasised that the organisation has no ability, nor desire, to interfere in the internal affairs of any of its members. It is instead dedicated to keeping the current borders fixed in place and preventing any conflicts between its member states.