History of the Asian Community

Asean Economic Community History

AEC

  AEC is developed from being The Association of Southeast Asian Nations (ASEAN) was founded in Bangkok Declaration on August 8, 1967, with five founding countries, Indonesia, Malaysia, Philippines, Singapore and Thailand. In 1984, Brunei became a member, followed by Vietnam. In 1995, Vietnam joined the Association. In 1997, Laos and Myanmar joined and in 1999 Cambodia joined the Association. The 10th ASEAN are currently making a large economic region with a combined population of nearly 500 million people.

Then, at the 9th ASEAN Summit in Indonesia on October 7, 2003, ASEAN leaders agreed to establish an ASEAN Community, consisting of three pillars:

1. ASEAN Economic Community (AEC)
2. ASEAN Socio-Cultural Community (Socio-Cultural Pillar)
3. The ASEAN Security Community (Political and Security Pillar)

The slogan of ASEAN is "One Vision, One Identity, One Community." One Identity One Community​

It was originally scheduled to be set up in 2020, but later agreed to be postponed to 2015, and the next major step was the establishment of the ASEAN Charter, which came into effect in December 2009. This is to increase the level of ASEAN cooperation into a new dimension of community building. It has a strong legal foundation and is committed to achieving that goal by 2015.

Currently, 10 member countries of ASEAN are Thailand, Myanmar, Malaysia, Indonesia, Philippines, Singapore, Vietnam, Laos, Cambodia, Brunei.

For the ASEAN Economic Community (AEC) by 2015, ASEAN will have to move goods, services, investment, skilled labor and free capital. Later in 2007, ASEAN prepared a blueprint for the establishment of ASEAN Economic Community (AEC). The ASEAN Economic Community (AEC Blueprint) is an integrated economic plan that provides an overview of the AEC. With a clear timetable for implementing measures to reach 2015 targets, as well as flexibility, as agreed by the Member States in advance.

Future AEC will be ASEAN + 3. It will add China, South Korea and Japan. And next, there will be an ASEAN +6 negotiations. There will be China, South Korea, Japan, Australia, New Zealand and India.