Brunei Darussalam and Economic Community

economic region: Its member states grew from six to 10 and today include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, according to The Japan Times. As identified by ASEAN leaders, 2015 is a key milestone on the ASEAN integration agenda. It has been transformed into an increasingly well-regulated, dynamic and the world fastest-developing economic region. On Dec. 31, ASEAN became the official ASEAN Economic Community . Now the AEC is the third-largest market — behind only China and India — in the world with a population of 622 million. ASEAN is a world-class investment destination that attracted foreign direct investment of $136 billion in 2014. In terms of economy, the AEC is a highly competitive economic region with a combined GDP of $2.6 trillion, the seventh-largest economy in the world and the third largest in Asia. (news.financializer.com). As reported in the news.