Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(10)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

This Framework Agreement eventually led to the establishment of ASEAN's earliest key agreements including The Agreement on the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area in 1992. 

It was not until 2003, at the 9th ASEAN Summit, that the ASEAN leaders first declared the formation of an 'ASEAN Economic Community' as stated in the Bali Concord II.