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The ABC of ASEAN and AEC
Prepared byASEAN Pages Asia
ASEANThe Association
of SouthEast Asian Nations
10 ASEAN Nations• Brunei• Cambodia• Indonesia• Laos•Myanmar
•Malaysia• Philippines• Singapore• Thailand• Vietnam
AEC 2015The ASEAN Economic Community (AEC) shall be the goal of regional economic integration by 2015
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
ASEANASEAN many Abbreviations Please notice that for example• ASEAN-6Is NOT the same as• ASEAN+6
ASEAN-4ASEAN-4 or sometimes ASEAN4 are four large economies in ASEAN• Indonesia - Malaysia•Philippines - Thailand
ASEAN-5ASEAN-5 or sometimes ASEAN5 are these five largest economies• Indonesia - Malaysia• Philippines - Singapore• Thailand
ASEAN-6ASEAN-6 or sometimes ASEAN6 are the six major and older nations in ASEAN
• Brunei• Indonesia• Malaysia
• Philippines• Singapore• Thailand
ASEAN-XASEAN-X (Read) ASEAN minus XSub-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
CMLVFour smaller economies in ASEAN• Cambodia - Myanmar• Laos - Vietnam
ASEAN PlusThe 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 Plus 3ASEAN+3 or ASEAN Plus Three or ASEAN Plus 3 =ASEAN plus 3 countries• China, Japan & South Korea
ASEAN Plus 6ASEAN+6 or ASEAN Plus Six or ASEAN Plus 6 =ASEAN plus 6 countries• China, Japan & South Korea• India, Australia & New Zealand
Learn More ?Please visit our ASEAN Discussion Forum, Blog and Pages here:
http://aseanpages.asiahttp://aseanpages.asia/blog/
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