The document summarizes the ASEAN Economic Community (AEC) which aims to transform ASEAN into a single market and production base by 2015. It discusses the origins and goals of AFTA and how AEC builds upon this by integrating ASEAN economies and creating a stable, prosperous, and highly competitive region with free flow of goods, services, investment, and skilled labor. The AEC blueprint is outlined which focuses on integrating industries, reducing tariffs and non-tariff barriers, liberalizing investment and capital flows, enhancing infrastructure connectivity, and developing the digital economy. Challenges to achieving AEC goals are also mentioned.