Asian Economic Community

The Asian Economic Community (AEC) refers to efforts among Asian countries, particularly within the Association of Southeast Asian Nations (ASEAN), to enhance economic integration and cooperation. The AEC aims to create a single market and production base, promoting free flow of goods, services, investment, and skilled labor across member nations. This initiative is designed to boost economic growth, increase competitiveness, and reduce poverty in the region. Overall, the AEC seeks to facilitate collaboration among diverse economies to enhance prosperity and stability throughout Asia.