READY FOR 2015: FUTURE PROOFING SME’s FOR THE ASEAN ECONOMIC COMMUNITY July 18, 2014 – 9:00am to 5:00pm | Solaire Resort and Casino Grand Ballroom | 1 ASEAN Avenue, Paranaque City
The goal of the AEC is to reduce trade barriers and make business across ASEAN easier and more cost-efficient.By AEC 2015, the gates to 10 additional economies will be fully opened to the Philippines, providing more opportunities for trade. Since ASEAN economies only account for less than a percent of global economic output, the 2015 AEC is geared to boost the Philippine”s rank to 7th in the world, which would then compete with countries like Korea, Italy, and Russia.
It will also simplify customs procedures, allowing free movement of goods and products from one economy to another. It will also create the capacity for certified exporters to self-certify the origin of their respective products and to enjoy preferential taxes under the ASEAN Free Trade Areas.