Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(30)

Comparative Study on the Perception and Response of Singapore and Indonesia

A more basic reaction from businesses is tied to the process itself of drawing up the ASEAN economic agreements. An underlying concern is that the agreements are concluded without the involvement of or consultation with the private sector. 

Consequently, there is lack of familiarity or limited knowledge of the workings and details of the agreements and their impact on business.