Sunday, December 29, 2019

The Purpose of Establishing AEC


The Purpose of Establishing AEC

As explained earlier, the establishment of the AEC has the main objective of presenting economic equality for all citizens of the ASEAN region. If elaborated more deeply based on the Cebu Declaration, the main objectives of the establishment of the ASEAN Economic Community (AEC), namely:
Creating a single market that includes ASEAN countries as well as a production base with relation to the elements of free economic activity products, such as labor (educated / skilled), duty free for the flow of goods and services from the ASEAN region, and investment in and out and capital flows to countries in the region.
Making ASEAN a region with high economic competitiveness marked by strengthening regulations in economic competition, including consumer protection, Intellectual Property Rights (IPR), taxation, smooth e-Commerce activities, and infrastructure development.
Spread the economic empowerment of the ASEAN region with the main goal of revitalizing Small and Medium Enterprises (SMEs), especially for the countries of Cambodia, Myanmar, Laos, and Vietnam  or we can call in short CML, that the country has long and repeatedly been plagued with a variety of political, social and cultural issues that affect the security of the country. Thus, as summarized in the ASEAN Vision 2020 and the ASEAN Concord II Pact, the AEC was created with the intention to evenly distribute the economy throughout the region.
Integrate the regional economy with the global economy with the basic aim of increasing ASEAN's participation in the global policy arena. All done with a coherent approach between the regional and global economies, of course this is certainly the positive side which is one of the impacts of the input from ASEAN countries that are considered important
The establishment of the AEC aims to adjust that in the Cebu Declaration pact gives a good effect in the new style that is characteristic in the economic passion of the AEC region. These characteristics can be described as follows:

The economic climate of the region has become more competitive.

Efforts for economic equality within the scope of countries joined in ASEAN.
Disadvantaged regions will become a production base and make ASEAN a single market as a global economic integration.
Considering how big the goals and strictness of the global economic style of the AEC region is, certainly it is felt necessary for the Indonesian people to know more deeply the intricacies behind the AEC and its benefits.
Information circulating about globalization that presents a negative side sometimes makes people afraid to confront or cause insecurity. Especially regarding the issueof intense competition in the field of employment. However, actually there is no need to behave that way especially if consumed by the existing issues. There are five things that need to be known to be more stable in preparing themselves and dare to face global competition. The following is presented for you.