Why ASEAN's Future Hangs in the Balance
At the recent ASEAN summit in Myanmar, member states declared their intention to create an Economic Community (AEC) by 2015 which will allow a freer flow of goods, services, investments, skilled labour and capital in the region.
“It will be one of the most important regional integration efforts. It will leave us more advanced and achieve the goals of becoming one of the most important and strategic regional organizations in the world,” said Mr Ismail Salam, Malaysia’s Ambassador to Kenya and Chair of the ASEAN community in Kenya.
The core element of the union is to ultimately achieve political cohesion, integrate economically to form a socially responsible and people-centred community that will play an important role in South East Asia, said a gathering of ambassadors from the ASEAN region in Kenya.
However, there is widespread concern that the much-anticipated AECwill not have been realized by the end-2015 deadline. A survey recently released by the U.S Chamber of Commerce said most respondents were pessimistic about the 2015 deadline, saying
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