UPSC Civil Services Model Paper 4

ASEAN Economic Community would make ASEAN a single market with a free flow of goods, capital, and skilled labor in the region.
It would thus integrate Southeast Asia's diverse 10 economies which have a combined population of 620 million people and a combined gross domestic product (GDP) of 2.4 trillion US dollars.
To achieve this, it would abolish tariffs on imports within the bloc member countries and promote the liberalization of service industries such as retailing and tourism.
Hence, it calls for more free movement of and skilled labor within the region including doctors, architects and others with special skills.
Statement 2 and3 are not valid for ASEAN, but valid for EU.