Partner Azman Jaafar authored an article entitled “Embracing Diversity in the ASEAN Economic Community” for the July edition of the Asian Legal Business (ALB).
Azman shared how the ASEAN Economic Community (AEC) has too often been the subject of unfair comparison to the European Union (EU). He highlighted that the motives of the AEC are different from the EU and at the time of the AEC’s inception, the leadership valued the diversity and inequality that already existed within ASEAN.
He added that the establishment of the AEC reflected the importance placed on ASEAN’s continued relevance in the global economy. With the AEC, ASEAN will become an important marketplace for Singapore SMEs. To stay competitive in the larger global economy, Singapore SMEs must move their businesses up the value chain and with the attraction of new foreign investments into the AEC market, there will also be opportunities for Singapore SMEs to plug themselves into a more integrated global marketplace.
The full article can be found in the July 2015 edition of ALB.