Mid-Term Review of the Implementation of AEC Blueprint: Executive Summary
By Economic Research Institute for ASEAN and East Asia
Posted: October 2012
ERIA is honored to have been requested by the ASEAN Economic Ministers to undertake the Mid-Term Review of the Implementation of the AEC Blueprint (MTR). ERIA thanks government officials in AMSs, ASEAN Secretariat officials and staffs, and the business sector and research community in the ASEAN for supporting and contributing to the completion of the Mid-Term Review of the AEC Blueprint. The Mid-Term Review was undertaken by a large team of ERIA-based researchers co-led by Dr. Ponciano Intal Jr., Dr. Dionisius Narjoko and Atty. Yoshifumi Fukunaga supported by Dr. Fukunari Kimura and Dr. Shujiro Urata, research team for each AMS under the ERIA Research Institutes Network (RIN), and a number of individual consultants from ASEAN and the Dialogue Partner countries.
Signed by the ASEAN Leaders at the 13th ASEAN Summit on 20 November 2007, the ASEAN Economic Community (AEC) Blueprint lays the foundation just before global financial crisis. In April 2009, the Leaders of ASEAN signed the Cha-am Hua Hin Declaration on the Roadmap for the ASEAN Community (2009-2015) and agreed on the accelerated time table for the realization of the ASEAN Community. At the midpoint of the time period for the implementation of the AEC Blueprint, and in the light of great uncertainty in and bleak outlook for the global economy, the Leaders of ASEAN committed in April 2012 - in the Phnom Penh Agenda for ASEAN Community Building - to redouble their efforts and to set priority activities and concrete key actions to realize the ASEAN Economic Community in 2015 (AEC 2015).