The ASEAN Secretariat drafts the ASEAN Economic Community Strategic Plan for the period 2026-2030

The ASEAN Secretariat drafts the ASEAN Economic Community Strategic Plan for the period 2026-2030 30/07/2024 04:17:00 319

Font-size:A- A+
Contrast:Increase Decrease

Since its launch in 2015, the ASEAN Economic Community (AEC) has evolved into an integrated and cohesive economic community. Emerging as an attractive and competitive economic region, the AEC continues to foster an interconnected market for trade and investment, cultivates individuals’ prosperity, promotes opportunities for businesses of all sizes, facilitates the narrowing of the development gap between and within ASEAN Member States (AMS), whilst advances multitudes cooperation in diverse economic sectors.

The ASEAN Secretariat drafts the ASEAN Economic Community Strategic Plan for the period 2026-2030

Since its launch in 2015, the ASEAN Economic Community (AEC) has evolved into an integrated and cohesive economic community. Emerging as an attractive and competitive economic region, the AEC continues to foster an interconnected market for trade and investment, cultivates individuals’ prosperity, promotes opportunities for businesses of all sizes, facilitates the narrowing of the development gap between and within ASEAN Member States (AMS), whilst advances multitudes cooperation in diverse economic sectors. Simultaneously, these endeavours have set the foundations for a more sustainable, inclusive, and digitally-empowered economy.

Vision 2045

Aiming to become the world's fourth largest economy by 2045, ASEAN is committed to deeper economic integration and enhanced ability to respond to complex challenges. The ASEAN Economic Community Strategic Plan for the period 2026-2030 is one of four important documents implementing the economic aspects of the ASEAN Community Vision 2045. This plan includes six strategic goals, forty-seven specific goals, and strategic measures and tasks. ASEAN is committed to transparency and accountability in implementation, with effective measurement indicators to evaluate the results behind each goal.

Plan development process

The AEC Strategic Plan 2026-2030 was developed through extensive consultation with AEC sectoral agencies, businesses, research organizations, civil society, partners outside ASEAN and the community. The public survey on the AEC Post-2025 Program ensures public participation from ten ASEAN member states and Timor-Leste.

Heading towards the future: strategic goals, objectives, strategic measures, and activities for AEC 2030

Carefully considered among the Sectoral Agencies of the ASEAN Economic Community (AEC), the AEC Strategic Plan 2026–2030 serves as an essential guide, guiding the practical actions that ASEAN intends implemented to realize the ASEAN Community Vision 2045: Resilient, Innovative, Dynamic, and People-Centred (hereinafter referred to as “ACV 2045”).

Under ACV 2045, we envision an economic community that will help ASEAN become:

1. A major player in the global economy and the fourth largest economy in the world; a single and future-ready economy, anchored on sustainable growth and good governance, empowered by advanced technologies and responsive to emerging opportunities;

2. A nimble and resilient Community that is empowered in responding to future crises and long-term challenges. We continue to narrow development gaps through relevant initiatives and promote inclusive, participatory, and equitable access to economic opportunities;

3. A more globally competitive and seamlessly integrated single market and production centre, with a significant increase in intra-ASEAN trade and investment and enhanced global supply chain linkages, that harnesses its collective impact and influence as a major player in the global economy. We aspire for ASEAN to be the industrial and manufacturing hub of the Indo-Pacific with dynamic micro, small, and medium enterprises (MSMEs);

4. An enterprising region as well as a hub and centre of excellence, that is able to leverage on advances in sciences, technology and innovation, and harness new sources of competitiveness, including creative economy and advanced industry, to elevate its economic integration agenda and create a thriving ecosystem;

5. A leading and connected Digital and Technological Community with open and interoperable, secure and trusted digital ecosystem, supported by advanced digital services that will harness its potential of digital transformation and bring the greatest benefits to ASEAN;

6. A Community with strong and mutually beneficial economic relations with external partners anchored on agreements and other forms of cooperation that maintain ASEAN Centrality while generating value for stakeholders, including by bolstering innovation, sharing knowledge, building capacity, and strengthening sectoral cooperation;

7. A Community that is an integral part of the global supply chain, by streamlining downstream and upstream production process, strengthening distribution and logistics networks, as well as safeguarding access to raw materials to reach maximum efficiency and increase the production scale of value-added goods;

8. A Community that is economically and financially resilient, by among others, promoting the use of local currencies for cross-border transactions to reduce the region’s vulnerability to external volatility, enhancing disaster risk financing, and mitigating the risks/impact arising from climate change and environmental;

9. A green ASEAN that will be achieved through sustainable growth on land and in water, as we embrace the green economy and blue economy in the regional context, and strengthen ASEAN’s position in promoting sustainability and climate responses.

By focusing on these strategic measures and activities, ASEAN aims to realize the vision set out in ACV 2045 and become a resilient, innovative, dynamic and people-centered economic community. center by 2030./.

Other News

Voted

Voting Score
0 / 5
0 votes
5
0%
4
0%
3
0%
2
0%
1
0%