Inauguration of the AEC and Its Impacts on Relation between Singapore and Indonesia(4)

Comparative Research on Relationship of Singapore and Indonesia in the AEC Aspect

The AEC has drawn huge attention from the global society ever since discussions over the formation of the new regional economic community became the talk of the town. In that more than 95% of intra-regional trades have been conducted free from any types of tariff in the ASEAN, expectation for meaningful progresses of the AEC gets bigger and bigger. 

Under this circumstance, it is no wonder that academic attempts to explore the era of the AEC in Southeast Asia have been carried out over the past decade. Researches on possible changes and repercussions that AEC may bring to the region have been mainly addressed. 

Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(4)

Comparative Study on the Perception and Response of Singapore and Indonesia

The AEC has drawn huge attention from the global society ever since discussions over the formation of the new regional economic community became the talk of the town. It isn't too much to say that agendas of the AEC Blueprint 2015 such as elimination of tariffs, facilitation of skilled labor mobility, liberalization of investment have been greatly valued to the international community. 

In that more than 95% of intra-regional trades have been conducted free from any types of tariff, expectation for meaningful progresses of the AEC gets bigger and bigger.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(4)

Comparative Study on the Perception and Response of Singapore and Indonesia

According to the AEC Blueprint 2015, a comprehensive masterplan accelerated the formal establishment of the AEC from 2020 to 2015, AEC rests on four pillars; a single market and production base; a competitive economic region; equitable economic development; and integration with the global economy. 

The AEC has drawn huge attention from the global society ever since discussions over the formation of the new regional economic community became the talk of the town.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(4)

Comparative Study on the Perception and Response of Singapore and Indonesia

The AEC has drawn huge attention from the global society ever since discussions over the formation of the new regional economic community became the talk of the town. It isn't too much to say that agendas of the AEC Blueprint 2015 such as elimination of tariffs, facilitation of skilled labor mobility, liberalization of investment have been greatly valued to the international community. 

In that more than 95% of intra-regional trades have been conducted free from any types of tariff, expectation for meaningful progresses of the AEC gets bigger and bigger.