The ABC of ASEAN and AEC

Prepared by ASEAN Pages Asia

ASEAN The Association

of SouthEast Asian Nations

ASEAN Members

10 ASEAN Nations • Brunei • Cambodia • Indonesia • Laos • Myanmar

• Malaysia • Philippines • Singapore • Thailand • Vietnam

AEC 2015 The ASEAN Economic Community (AEC) shall be the goal of regional economic integration by 2015

ASEAN Flag

ASEAN Economic Community

AEC envisages the following key characteristics: • a single market and production base • a highly competitive economic region • a region of equitable economic

development • a region fully integrated into the global

economy

ASEAN ASEAN many Abbreviations Please notice that for example • ASEAN-6 Is NOT the same as • ASEAN+6

ASEAN to AEC 2015

ASEAN-4 ASEAN-4 or sometimes ASEAN4 are four large economies in ASEAN

• Indonesia - Malaysia • Philippines - Thailand

ASEAN-5 ASEAN-5 or sometimes ASEAN5 are these five largest economies • Indonesia - Malaysia • Philippines - Singapore • Thailand

ASEAN-6 ASEAN-6 or sometimes ASEAN6 are the six major and older nations in ASEAN

• Brunei • Indonesia • Malaysia

• Philippines • Singapore • Thailand

ASEAN Economic Community

ASEAN-X ASEAN-X (Read) ASEAN minus X Sub-group of ASEAN being allowed to proceed with an economic policy, without waiting for participation by the other member states, if all member states are in agreement

CMLV Four smaller economies in ASEAN • Cambodia - Myanmar • Laos - Vietnam

AEC 2015 ASEAN

ASEAN Plus

The so-called "AEC+" trade alliances already formed with neighboring regional blocs and economic powers

ASEAN Plus 1

ASEAN+1 or ASEAN Plus 1 = ASEAN plus any (1) single NON-ASEAN Country

ASEAN + 1 Example

ASEAN Plus 3 ASEAN+3 or ASEAN Plus Three or ASEAN Plus 3 = ASEAN plus 3 countries • China, Japan & South Korea

ASEAN + 3 Countries

ASEAN Plus 6 ASEAN+6 or ASEAN Plus Six or ASEAN Plus 6 = ASEAN plus 6 countries • China, Japan & South Korea • India, Australia & New Zealand

ASEAN + 6 Countries

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