Increasing intraregional
Asian trade flows and the development of the ASEAN Economic Community (AEC) will propel regional integration, but the region's ultimate success in fostering connectivity will be highly dependent on its ability to finance and build regional infrastructure and negotiate and ratify more bilateral and multilateral free trade agreements (FTAs).
Not exact matches
Banks have always followed
trade flows and as Australia's two - way commerce with the
Asian region expands, so too will the scope for banking services.
A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast
Asian Nations: The alliance launched the Asean Economic Community (AEC), a
trade bloc aimed at creating a unified, cross-border market where labor, services and capital can
flow without restrictions.
The internal goods
trade flows within ASEAN, the 10 - country
Asian trading bloc, are growing 50 per cent faster than NAFTA's.
But the challenges arising from
trade flows are only part of the story that will confront economic policy - makers during the
Asian Century.
According to Paul (2013: 120), the presence of India's dominance within the South
Asian region is clear: it contains 74 % of the region's population, 75 % of its GDP, 79 % of its
trade, and caters to 81 % of the region's Foreign Direct Investment (FDI)
flow.