Impact of the ASEAN Economic Community and implications for Latin America

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The Association of Southeast Asian Nations (ASEAN) has become one of the most important players in the global trading system. Comprising 10 countries with very diverse income levels, ASEAN is now the worlds fifth largest economy and plays a central role in the so-called Factory Asia. This document begins with an overview of the history and institutions of ASEAN, before focusing on one of its three pillars: the ASEAN Economic Community (AEC), including a critical assessment of outcomes in the areas of trade in goods, trade in services and investment, among others. The document draws best practices from the experience of ASEAN that may be relevant to other regional arrangements pursuing similar goals, and concludes by considering aspects of importance to Latin Americas ongoing economic integration initiatives.



1. Overview of ASEAN

2. Unpacking ASEANs economic pillar

3. Trade in goods

4. Trade facilitation and non-tariff measures

5. Assessment of key trade facilitation initiatives

6. Assessment of trade facilitation outcomes

7. Trade in services

8. Investment

9. E-Commerce and digital trade

10. Promotion of people-to-people mobility

11. Infrastructure and connectivity

12. Overview of ASEAN practices in other areas

13. The path forward for ASEAN

14. Implications for Latin America.

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