1) The document discusses the ASEAN Economic Community (AEC) which was established in 2015 with the goal of economic integration among Southeast Asian countries and their partners. 2) The AEC aims to create a single market and production base to boost competitiveness and facilitate the freer flow of goods, services, investment, and skilled labor. 3) It also hopes to transform the region into a more attractive production base, create opportunities for businesses, and narrow the development gap between member states through economic cooperation.