This report has been jointly produced by the Association of Southeast Asian Nations— ASEAN Secretariat (ASEAN Integration Monitoring Office) and the World Bank (Office of the Chief Economist, East Asia and Pacific Region) as part of the Advisory Services program of the World Bank for ASEAN. These advisory services are being provided under the ASEAN Economic Community Monitoring and Evaluation Program (AECMEP) financed by the ASEAN-Australia Development Cooperation Program, Phase II (AADCP II) and World Bank non-lending technical assistance.