How the ASEAN economic community will benefit American companies

The AEC’s crucial components are a single market and produc on base, a highly‐ compe ve economic region, equitable economic development, and a region fully integrated into the global economy. An update on the AEC’s progress was provided at the 26th ASEAN Summit, held in Malaysia in April, 2015. The summit statement noted that the implementa on of the AEC Scorecard—which measures the degree of implementa on of targets in the AEC Blueprint— stood at 90.5 per cent out of 506 measures. While the figure itself is not wrong, some commentators query whether it reflects the actual progress achieved. However, there is consensus that at least some progress has been made.