Formation of ASEAN Community

November 23, 2015
TheDiplomat - ADB


The Association of Southeast Asian Nations (ASEAN) inked the 2015 Kuala Lumpur Declaration on the Establishment of the ASEAN Community. The ASEAN Community is to be based on three pillars: the ASEAN Political and Security Community, the ASEAN Economic Community and the ASEAN Socio-Cultural Community. The ASEAN Economic Community (AEC) is expected to be formed by December 31st, 2015. The Community would launch a single market for goods, services, capital and labor for all 10 member countries.