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Is ASEAN Meeting Targets in Services Trade Liberalization?


Given the robust performance of the services sector and its importance to global and regional economies, ASEAN needs to continue to facilitate its services trade. Two significant frameworks  –  AFAS and AEC Blueprint  –  were established to serve as regulatory mechanisms in trade in services regionally. However, much cynicism has been expressed on the effectiveness of both frameworks and it is unclear if ASEAN is meeting/missing targets in services trade liberalization.

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