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9789815203394 Academic Inspection Copy

ASEAN Post-2025

Reimagining the ASEAN Economic Community
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ASEAN Economic Community (AEC) building is a long journey. For continued relevance and impact, the AEC must remain dynamic while taking into consideration evolving contexts and emerging opportunities and challenges. Notable progress has been made under the two AEC Blueprints (2015 and 2025), particularly in laying down the frameworks for regional economic integration and community building. Nonetheless, gaps remain in implementation, calling for a more streamlined but result-oriented agenda and stronger institutional coordination. Today, the AEC is faced with a markedly different context and unprecedented challenges resulting from a poly-crisis, involving geo-economic fragmentation, supply chain restructuring, and climactic changes. Without adjustment, ASEAN's pillar and sector-centric approach can be expected to fall short in effectively responding to these challenges. As AEC 2025 enters its final quarter, ASEAN needs to recalibrate its priorities. It also increasingly needs to take a whole-of-community approach to integration, as issues and their solutions are spread across multiple sectors. Furthermore, as it develops the AEC Post-2025 agenda, it needs to strike a balance between ambition and pragmatism, and to support substance with institutions and processes.
Julia Tijaja is an ASEAN, trade, and global value chain specialist and Associate Senior Fellow at the ASEAN Studies Centre, ISEAS - Yusof Ishak Institute, Singapore. Simon Tay is a public intellectual and advisor to major corporations and policymakers, and is currently Chairman of the Singapore Institute of International Affairs, a globally ranked think-tank. Sanchita Basu Das is an Economist with the Economic Research Department of the Asian Development Bank. She was the Lead Researcher for Economic Affairs at the ASEAN Studies Centre of ISEAS - Yusof Ishak Institute from 2008 to 2018.
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