Objectives and Goals

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AEC Objectives and Goals

The potential in the ASEAN services sector emerging with the establishment of the AEC will be a chance for business support service providers to expand in scope and generate business through intercooperation with same profile companies throughout the ten AEC member countries. At the same time companies in the service sector within the AEC should be concerned about their potential and strengthen their intercooperation. Capacity-building activities through sharing information by building business networks are, therefore, of utmost importance. Mutual assistance and business intercooperation are direct channels to provide services, which is the way to ensure sustainable growth and success. Therefore, in order to make better use of opportunities and to withstand potential adversities following the implementation of the ASEAN Economic Community, which were mentioned above, we would like to propose the establishment of an Association/Alliance of professional service providers, which includes one member from each participating country, to provide a comprehensive range of consulting and business support services, for both businesses and individuals, throughout the ten member countries of the ASEAN Economic Community.

The establishment of such an Association/Alliance would allow member companies to provide services to clients in their respective country through direct intercooperation with partner companies in the other AEC countries on a one-stop basis, without having to invest into expensive mergers & acquisitions abroad or having to maintain a physical presence there.

The same approach is used by airlines forming alliances (e.g. Star Alliance, Sky Team& One World), based on code & revenue sharing and the harmonization of their standarts and best practices.

This Association/Alliance will enhance the competitiveness, productivity and dynamism of service providers both by reducing cost and by facilitating their mutual access to information, market, human resource development and finance, thus strengthening their resilience to better withstand adverse macroeconomic and financial difficulties, as well as the challenges of a more liberalised business environment.