ASEAN COMMUNITIES

The ASEAN Community is based on three intertwined and mutually reinforcing pillars: ASEAN Security Community (ASC), ASEAN Economic Community (AEC) and ASEAN Socio-Cultural Community (ASCC). The ASC is expected to maintain and strengthen peace, security and stability and enhance ASEAN’s capacity for self-management of regional security. It includes maritime cooperation and fight against terrorism, but no plan for a regional military bloc or defence pact. Besides, member countries are free to pursue their own foreign policies and defence arrangements. Meanwhile, the mission of the AEC is to develop a single market and production base that is stable, prosperous, highly competitive and economically integrated with effective facilitation for trade and investment in which there is free flow of goods, services investment, skilled labours, and freer flow of capital. But it will not adopt a common currency like the European Union. And last but not least, the ASCC is for a Southeast Asia bonded together in partnership as “a community of caring and sharing societies”. The ASCC Plan of Action contains four core elements: Building a community of caring societies, Managing the social impact of economic integration, Enhancing environmental sustainability, and Strengthening the foundations of regional social cohesion towards an ASEAN Community. In 2005, member countries agreed to establish an ASEAN Charter, which would serve as the legal and institutional framework for the regional organisation and the ASEAN Community. Although it will not take on any supranational functions, with its ambitious goals, the ASEAN Community is believed to have far-reaching and important impacts on the lives of the people in Southeast Asia.

source:http://en.wikipedia.org/wiki/ASEAN_Community