29th November 2013
In conjunction with the ASEAN Business Club (ABC) Delegation’s visit to Malaysia, the ABC in partnership with the CIMB ASEAN Research Institute (CARI) launched the second set of Lifting-The-Barriers (LTB) Reports today – another set of seven white papers outlining bottlenecks and barriers, coupled with workable solutions for an integrated ASEAN Economic Community (AEC) in 2015.
The reports recognise the potential benefits the AEC would bring but real sectoral challenges remain and are not likely to be fully overcome before the AEC 2015 deadline. In essence, the reports identified barriers such as economic nationalism, human capital constraints, regulatory congestion, and underdeveloped infrastructure as some of the main obstacles facing integration. The reports however also provided broad- based recommendations where these barriers could be overcome.