ASEAN Poised to Become World’s Fourth-Largest Economy
The Association of Southeast Asian Nations (ASEAN) is strategically positioning itself for significant economic growth. With the release of its AEC Strategic Plan 2026–2030, the group is charting a course toward becoming a global economic powerhouse, targeting the fourth-largest economy worldwide.
Ambitious Economic Goals
The ASEAN Economic Community (AEC) Strategic Plan 2026–2030 outlines the vision for the ASEAN Community Vision 2045. This plan is designed to deepen integration within the region. The bloc is aiming for substantial expansion through its post-2025 economic plan, according to statements by Tengku Zafrul.
The ASEAN Summit is charting the future for the world’s new generations. #ASEAN #economy
— World Today News (@worldtodaynews) May 16, 2024
“Asean’s ambition of becoming world’s fourth biggest economy by 2030 well within reach.”
—Tengku Zafrul
The World Bank reports that the combined GDP of ASEAN member states reached $3.66 trillion in 2022 (World Bank). The strategic plan aims to build upon this foundation.
Future Integration
This economic blueprint underscores the importance of deeper integration within ASEAN, as stated by Tengku Zafrul. The new plan sets the stage for how ASEAN will operate beyond 2025.
The success of this plan will likely hinge on regional cooperation and the ability to adapt to global economic shifts. The ASEAN nations are working together to realize this shared economic vision.
