Illustrative image (Source:Internet)Challenges and opportunities to be brought about by the creation of the ASEAN Community at the end of this year were discussed by Cambodian Deputy Prime Minister Hor Namhong during a meeting with young people in Phnom Penh on October 14.
Hor Namhong, who is also the Minister of Foreign Affairs and International Cooperation, underscored that the ASEAN Community is made up of three pillars, namely ASEAN Political- Security Community, ASEAN Economic Community and ASEAN Socio-Cultural Community.
The Community is expected to create major opportunities via forming a single market and production base as well as free flows of commodities, services, capital and high-quality labourers, he said.
Meanwhile, it will pose challenges to member states in integration, development gap, physical connectivity, institutional connectivity and people- to- people connectivity.
ASEAN state members are stepping closer to completing the ASEAN Community Vision 2025 and other detailed documents on the three pillars, which will be adopted by the leaders at the 27 th ASEAN Summit held in Kuala Lumpur, Malaysia next month, he added.
The ASEAN groups 10 nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.-VNA
