At the recent CIMB Asia Pacific (APAC) Summit held in Kuala Lumpur, CIMB ASEAN Research Institute (CARI) released a report on the status of implementation of the ASEAN Economic Community (AEC).
The report was produced aims to provide an unbiased assessment of the current status and main hurdles leading up to achieving the AEC by 2015.
Professor Dr. Jorn Dosch, the principal author of the report and Senior Fellow of CARI, stated that the nonbinding nature of agreements is one of the key obstacles in implementing the AEC by 2015.
Professor Jorn warned that without the commitment to ASEAN policies from nations the AEC may not be achievable by its ambitious 2015 deadline. Other takeaways include that the scorecard mechanism currently used to track progress of the AEC implementation is hampered by political bias in the data provided by the ASEAN member states.
The ASEAN Economic Community (AEC): The Status of Implementation, Challenges and Bottlenecks
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