ASEAN Economic Community

The ASEAN Economic Community (AEC) is an initiative by the Association of Southeast Asian Nations (ASEAN) aimed at promoting economic integration among its ten member countries, including Indonesia, Thailand, and Vietnam. Established in 2015, the AEC seeks to create a single market and production base, allowing for the free flow of goods, services, investment, and skilled labor. This integration helps boost trade, enhance economic growth, and improve competitiveness within the region, ultimately benefiting businesses and consumers through increased opportunities and choices.