Comparative Research on Relationship of Singapore and Indonesia in the AEC Aspect
The AEM agreed to develop a single and coherent plan progressing step by step to the AEC. In essence, this was undertaken by identifying the characteristics and elements of the AEC consistent with the Bali Concord II, involving clear targets and timelines for implementation.
In January 2007, ASEAN Leaders collectively agreed to accelerate the establishment of the ASEAN Community from 2020 to 2015.
Comparative Study on the Perception and Response of Singapore and Indonesia
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.
This was in line with the ASEAN Vision 2020, which aimed to transform the ASEAN into a stable, prosperous and highly-competitive region with equitable economic development, reduced poverty, and socio-economic disparities, progressing in tandem with the establishment of the ASEAN Political Security Community and the ASEAN Socio-Cultural Community.
