Overview

The ASEAN Economic Community (AEC) is the realization of the end-goal of economic integration as outlined in the ASEAN Vision 2020, with the ultimate goal of creating a stable, prosperous and highly competitive ASEAN economic region . The AEC is expected to establish ASEAN as a single market and production base, thereby enhancing ASEAN’s economic competitiveness. However, meeting the AEC challenge will demand new policies to ratchet up economic growth, strengthen economic competitiveness, increase domestic and foreign direct investments, and expand private sector enterprises while meeting public goals.  As such, the acceleration of the AEC will also bring the need -above all- to institute mandatory regulatory reforms by the participating members in order to adapt and comply with the new regulatory landscape being created. Regulatory reform in these countries will involve mundane house keeping, through the review and update of laws and regulations, to the creation of new regulations and policies. In partnership with ASEAN Secretariat the proposed workshop is therefore aimed to support CMLV countries’ needs for regulatory reform and help build their capacity in implementing regulatory change. The workshop is the result from ASEAN Secretariat’s request.