Context
Safeguarding the interests and welfare of consumers is a central commitment for a dynamic and people-centered ASEAN Economic Community (AEC).
Effective consumer protection contributes to a conducive and competitive business environment. As consumers hold businesses to higher standards, their trust drives competition, innovation and market participation.
This requires promoting regulatory coherence and convergence across countries in order to encourage ethical business conduct and empower consumers, particularly in the face of unfair or fraudulent practices in online and cross-border trade.
Objective
National consumer protection systems are strengthened so that markets work for businesses and consumers alike.