Editing ASEAN (section)

===Internal market===
ASEAN planned to establish a single market based upon the [[Four Freedoms (European Union)|four freedoms]] by the end of 2015, with the goal of ensuring free flow of goods, services, skilled labour, and capital. The ASEAN Economic Community (AEC) was formed in 2015,<ref>{{Cite web|url=https://asean.org/asean-economic-community/|title=Legal Instruments|website=asean.org}}</ref> but the group deferred about 20% of the harmonization provisions needed to create a [[common market]] and set a new deadline of 2025.<ref>{{Cite web|url=https://www.asiapathways-adbi.org/2017/07/will-2025-be-the-final-deadline-for-the-asean-economic-community/|title=Will 2025 be the final deadline for the ASEAN Economic Community?|first=Jayant|last=Menon|date=14 July 2017}}</ref>

Until the end of 2010, intra-ASEAN trade was still low as trade involved mainly exports to countries outside the region, with the exception of Laos and Myanmar, whose foreign trade was ASEAN-oriented.<ref>{{cite web|url=http://www.antaranews.com/en/news/77403/asean-feared-to-become-multinational-companies-market-only|work=Anatara News|title=ASEAN feared to become multinational companies market only|date=10 November 2011|access-date=10 November 2011|archive-date=12 January 2012|archive-url=https://web.archive.org/web/20120112112614/http://www.antaranews.com/en/news/77403/asean-feared-to-become-multinational-companies-market-only|url-status=live}}</ref> In 2009, realised [[foreign direct investment]] (FDI) was US$37.9 billion and increased two-fold in 2010 to US$75.8 billion. 22% of FDI came from the [[European Union]], followed by ASEAN countries (16%), and by Japan and the United States.

The ASEAN Framework Agreement on Trade in Services (AFAS) was adopted at the ASEAN Summit in Bangkok in December 1995.<ref>{{cite web|url=http://www.asean.org/6628.htm |title=ASEAN Framework Agreement on Services (1995) |publisher=ASEAN |access-date=21 December 2008 |archive-url=https://web.archive.org/web/20091226223120/http://www.asean.org/6628.htm |archive-date=26 December 2009 }}</ref> Under the agreement, member states enter into successive rounds of negotiations to liberalise trade in services with the aim of submitting increasingly higher levels of commitment. ASEAN has concluded seven packages of commitments under AFAS.<ref>{{cite web|url=http://www.asean.org/6626.htm |title=Overview |publisher=ASEAN |access-date=21 December 2008 |archive-url=https://web.archive.org/web/20110206130652/http://www.asean.org/6626.htm |archive-date=6 February 2011 }}</ref>

Mutual Recognition Agreements (MRAs) have been agreed upon by ASEAN for eight professions: physicians, dentists, nurses, architects, engineers, accountants, surveyors, and tourism professionals. Individuals in these professions will be free to work in any ASEAN states effective 31 December 2015.<ref>{{cite news|last1=Buranasomphop|first1=Duangkamol|title=Asean 2015: Free movement of labour|url=http://en.aectourismthai.com/content1/1411|access-date=11 May 2015|publisher=AEC Tourism Thailand|date=14 June 2014|archive-url=https://web.archive.org/web/20150518070624/http://en.aectourismthai.com/content1/1411|archive-date=18 May 2015}}</ref><ref>{{cite news|title=Concern over free flow of labour after AEC starts|url=http://www.nationmultimedia.com/national/Concern-over-free-flow-of-labour-after-AEC-starts-30238365.html|access-date=11 May 2015|work=The Nation|date=13 July 2014|archive-date=18 May 2015|archive-url=https://web.archive.org/web/20150518102622/http://www.nationmultimedia.com/national/Concern-over-free-flow-of-labour-after-AEC-starts-30238365.html|url-status=dead}}</ref><ref>{{cite web|title=Why the AEC in 2015 Will Lead to Few Changes in Thailand |url=http://www.norcham.com/news/why-the-aec-in-2015-will-lead-to-few-changes-in-thailand |website=Thai-Norwegian Chamber of Commerce |access-date=12 May 2015 |archive-url=https://web.archive.org/web/20150518093814/http://www.norcham.com/news/why-the-aec-in-2015-will-lead-to-few-changes-in-thailand |archive-date=18 May 2015 }}</ref>

In addition, six member states ([[Malaysia]], [[Vietnam]] (2 exchanges), [[Indonesia]], [[Philippines]], [[Thailand]], and [[Singapore]]) have collaborated on integrating their stock exchanges, which includes 70% of its transaction values with the goal to compete with international exchanges.<ref>{{cite web |url=http://investasi.kontan.co.id/news/indonesia-belum-akan-masuk-asean-linkage |title=Indonesia belum akan masuk Asean Linkage |author=Anna Suci Perwitasari |date=13 June 2012 |access-date=17 January 2014 |archive-date=10 December 2014 |archive-url=https://web.archive.org/web/20141210101112/http://investasi.kontan.co.id/news/indonesia-belum-akan-masuk-asean-linkage |url-status=live }}</ref>

Single market will also include the [[ASEAN Single Aviation Market]] (ASEAN-SAM), the region's aviation policy geared towards the development of a [[Open skies|unified and single aviation market]] in [[Southeast Asia]]. It was proposed by the ASEAN Air Transport Working Group, supported by the ASEAN Senior Transport Officials Meeting, and endorsed by the ASEAN Transport Ministers.<ref name="ASEAN SAM">{{cite web|url=http://www.asian-aerocad.com/news/news.php?newsid=23 |title=Asean Single Aviation Market |access-date=26 September 2008 |work=Straits Times |location=Singapore |date=2 February 2008 |archive-url=https://web.archive.org/web/20081209063906/http://www.asian-aerocad.com/news/news.php?newsid=23 |archive-date=9 December 2008 }}</ref> It is expected to liberalise air travel between member states allowing ASEAN airlines to benefit directly from the growth in air travel, and also free up tourism, trade, investment, and service flows.<ref name="ASEAN SAM" /><ref name="LHL on SAM">{{cite news |url=http://news.xinhuanet.com/english/2007-11/01/content_6990497.htm |title=Singaporean PM urges ASEAN to liberalise aviation |access-date=26 September 2008 |work=chinaview.cn |publisher=Xinhua News Agency |date=1 November 2007 |archive-date=11 December 2008 |archive-url=https://web.archive.org/web/20081211012727/http://news.xinhuanet.com/english/2007-11/01/content_6990497.htm }}</ref> Since 1 December 2008, restrictions on the third and fourth [[freedoms of the air]] between capital cities of member states for air passenger services have been removed,<ref>{{cite news |url=http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_282410.html | title=Tiger offers 50,000 free seats |access-date=26 September 2008 |last=Kaur |first= Karamjit |work=Straits Times |location=Singapore |date=25 September 2008| archive-url= https://web.archive.org/web/20080927183958/http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_282410.html| archive-date= 27 September 2008 | url-status=live}}</ref> while from 1 January 2009, full liberalisation of air freight services in the region took effect.<ref name="ASEAN SAM" /><ref name="LHL on SAM" /> On 1 January 2011, full liberalisation on fifth freedom traffic rights between all capital cities took effect.<ref>{{cite web|url=http://www.centreforaviation.com/aviation/index.php?option=com_content&task=view&id=5015 |title=Three-quarters of a million more seats and counting- KL-Singapore benefits from liberalisation |access-date=26 September 2008 |publisher=Centre for Asia Pacific Aviation |date=28 September 2008 |archive-url=https://web.archive.org/web/20060405030709/http://content.nejm.org/icons/home/cme_button.gif |archive-date=5 April 2006 }}</ref> This policy supersedes existing unilateral, bilateral, and multilateral air services agreements among member states which are inconsistent with its provisions.