23 Apr '17, 12am

Asean: Next 50 years

Asean: Next 50 years

Yet, it cannot be denied that most of the economic integration through slashed tariffs and so on has been in the low-hanging fruit. Serious matters such as harmonisation of standards, free movement of labour, and the financial industry's access to markets in the region remain work in progress. Air carriers within the 10-nation grouping do not fly the Asean flag, even as their liveries announce their allegiance to Star Alliance, OneWorld or other aviation groupings. A shared visa policy, as in the Schengen countries, would give a boost to inter-regional travel and tourism. But that is a long way off. Indeed, Asean itself has moderated its ambitions for an economic union; from aspirations of a single market and production base, the talk, increasingly, is of a "highly integrated economy".

Full article: http://www.straitstimes.com/asia/asean-next-50-years

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