AEC’s Altruistic Mission for Enlightening the Business Economy of the South East Asia
By Asif Gani, Industry Analyst ASEAN Economic Community (AEC) has been on a mission for over a long period of time in order to create an aura of multifarious opportunities for the member countries of the South-east Asian region. AEC has laid down several proposals consisting of a number of action plans for promoting business opportunities and intensifying consumerism and competition within this region. They have envisaged boosting the development of a number of sectors in the SE Asian countries. The Association of Southeast Asian Nations, most popularly known as ASEAN, is a conglomeration of ten different nations present in the SE Asian region created in the year of 1967. This region has shown significant improvements in terms of economic endeavor post-2000. In 2003, AEC came into existence as one of the three pillars of the regional community development programme. However, there are still some gap areas in AEC plan, which are yet to be filled and need to be addressed...