The establishment of the AEC and its implication for South Korea
In fact, meaningful progress was already achieved since more than 70% of the intra-regional trade has been conducted free from any types of tariff. What will be the ASEAN like in the time of the AEC? It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor.
Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. The question is whether the AEC can evolve itself something beyond a regional agreement body.
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