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AEC vision some way from being realised

McKinsey's Asia chairman says progress towards a single market depends on whether Asean businesses are willing to devote resources to it

Published Tue, May 19, 2015 · 09:50 PM

Asean

Singapore

THE vision of an Asean Economic Community (AEC) by end-2015 is some way off from being realised, with many sectors still far from integrated today.

But McKinsey & Company's chairman of Asia Kevin Sneader has said there is much gain to be reaped from fuller integration for sectors such as health care and financial services, and that progress hinges on whether Asean business leaders will devote resources to this.

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