Vietnam Implementation Documents
Free flow of trade in services is one of the important elements in realising ASEAN Economic Community, where there will be substantially no restriction to ASEAN services suppliers in providing services and in establishing companies across national borders within the region, subject to domestic regulations.
The goal of the ASEAN Economic Community is to establish ASEAN as a single market and production base that will make ASEAN more dynamic and competitive. In this context, one of the five core elements of an ASEAN single market and production base is the free flow of investments. A free and open investment regime is key to enhancing ASEAN's competitiveness and attracting foreign direct investment (FDI) as well as intra-ASEAN investment. Sustained inflows of investments will promote and ensure the dynamic development of ASEAN.
Free Flow of Goods
Free flow of goods is one of the principal means by which the aims of a single market and production base can be achieved. A single market for goods (and services) will also facilitate the development of production networks in the region and enhance ASEAN's capacity to serve as a global production centre or as a part of the global supply chain.
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