At Ninth Summit in October 2003, the Association of South East Asian Nations (ASEAN) has established regional cooperation on the three pillars of security and socio cultural and economic integration. It has made most progress in economic integration and aims to create an ASEAN Economic Community (AEC) as one of the three pillars by 2015.

The main objectives of ASEAN Economic Community (AEC) are to promote regional cooperation, enhance ASEAN competition in global markets, attract foreign investments in the region and create bargaining power in the international trade arena. At this time 10 member states have signed commitments to prepare their potentiality before joining AEC in 2015. There are lists of commitments that were agreed and signed including; ASEAN Trade in Goods Agreement (ATIGA), ASEAN Comprehensive Investment Agreement...

In the area of Trade in Services, ASEAN formalized its integration commitment through the signing of ASEAN Framework Agreement on Services (AFAS) by the ASEAN Economic Minister (AEM) on 15 December 1995 in Bangkok, Thailand. All AFAS rules are consistent with international rules for Trade in Services as provided for under the GATS Agreement of the World Trade Organization (WTO), as the article XIV(1) of AFAS provides that “The terms and definitions and other provisions of the GATS shall be referred to and applied to matters arising under AFAS for which no specific provision has been made under...

AEC Blueprint provides a strategic plan both short and medium terms toward 2015 for ASEAN member states, including strategic schedule with key milestones for a comprehensive and deeper economic integration by 2015.

Brunei is officially known as the Nation of Brunei or the other name is Negara Brunei Darussalam,it is a sovereign state located on the north coast of the island of Borneo, in Southeast. Brunei has the second highest Human Development Index among the 10 South East Asia nations after Singapore, and is classified as a developed country. The key factor is that Brunei reserves a lot of oil and gas in its country. In addition, the quality of life in Brunei is very good, Brunei’s government never ask their people to pay income tax, only incorporate tax will be required. Unlike with other country poor people is minority part in...