Myanmar says it wants to launch the AEC by January 1, 2015

ASEAN summitThe Myanmar government plans to implement the ASEAN Economic Community (AEC) by January 1, 2015, according to the Minister for National Planning and Economic Development.

“AEC is the one of the programmes. We plan to start the AEC in 2015. No need fully to complete the operations to implement the AEC. We are going to carry out the remaining programmes,” said Dr. Kan Zaw, Minister for National Planning and Economic Development, on May 10, the first day of the 24th ASEAN Summit being held in the capital Naypyitaw.

He continued that the ministry is carrying out work programmes to promote the AEC among businesses across the region. They are also trying to solve other challenges including gaps in economic development and taxation.

The AEC aims to create a common market where the free flow of capital and skilled labour can create job opportunities and economic development in the ASEAN region as a whole. Originally, ASEAN members agreed to launch the AEC by the end of 2015 at the earliest.

ASEAN ministers discussed the key implications needed to manage different businesses among the ASEAN member countries when starting the AEC. They also discussed reducing of poverty and the sustainable development of small and medium enterprises.

The ASEAN Framework for Equitable Economic Development was drawn up in 2011 to help create a more fair and balanced economic system in the region.



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The Myanmar government plans to implement the ASEAN Economic Community (AEC) by January 1, 2015, according to the Minister for National Planning and Economic Development. "AEC is the one of the programmes. We plan to start the AEC in 2015. No need fully to complete the operations to implement the AEC. We are going to carry out the remaining programmes,” said Dr. Kan Zaw, Minister for National Planning and Economic Development, on May 10, the first day of the 24th ASEAN Summit being held in the capital Naypyitaw. He continued that the ministry is carrying out work programmes to promote...

ASEAN summitThe Myanmar government plans to implement the ASEAN Economic Community (AEC) by January 1, 2015, according to the Minister for National Planning and Economic Development.

“AEC is the one of the programmes. We plan to start the AEC in 2015. No need fully to complete the operations to implement the AEC. We are going to carry out the remaining programmes,” said Dr. Kan Zaw, Minister for National Planning and Economic Development, on May 10, the first day of the 24th ASEAN Summit being held in the capital Naypyitaw.

He continued that the ministry is carrying out work programmes to promote the AEC among businesses across the region. They are also trying to solve other challenges including gaps in economic development and taxation.

The AEC aims to create a common market where the free flow of capital and skilled labour can create job opportunities and economic development in the ASEAN region as a whole. Originally, ASEAN members agreed to launch the AEC by the end of 2015 at the earliest.

ASEAN ministers discussed the key implications needed to manage different businesses among the ASEAN member countries when starting the AEC. They also discussed reducing of poverty and the sustainable development of small and medium enterprises.

The ASEAN Framework for Equitable Economic Development was drawn up in 2011 to help create a more fair and balanced economic system in the region.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00