Competition Policy Challenges of Single Market and Production Base

Cassey LEE (University of Wollongong, Australia) and Yoshifumi FUKUNAGA (Economic Research Institute for ASEAN and East Asia) explore Competition Policy Challenges of Single Market and Production Base.

ABSTRACT: Competition policy is an important beyond-the-border element of the single market and production base envisioned in the ASEAN Economic Community (AEC). The targets for competition policy in the AEC Blueprint have been largely met. Looking beyond 2015, ASEAN needs to consider broadening the policy measures for competition policy to encompass the state’s presence and interventions that affect the level playing field within markets. In the longer term, the main challenge for AEC will be related to the depth of integration desired in terms of harmonization of competition policy. Deeper integration may require fundamental changes in ASEAN institutions.