TASK 2. Complete the reading passage. Write ONE suitable word in each blank.

AEC, standing (1) ___________ The ASEAN Economic Community, was formed in 2003 thanks to the great efforts of the ASEAN leaders. Its primary goals are to create a single market and product base, promote fair economic development as well as be fully integrated into the global (2)___________. Since its establishment, this organisation has rewarded many important achievements in economics such as facilitating trade in goods and services as well as protecting and enhancing investment among the (3) ___________ states in the bloc. Particularly, as of 2020, AEC is basically tariff-free on schedule and still has been well on its (4) ___________ to fulfilling all its objectives. Now there are still some remaining issues for AEC 2025 (a blueprint setting out strategic measures), including the delays in trade liberalisation in services, elimination of non-tariff barriers and trade facilitation, (5) ___________ requires further cooperation between ASEAN governments in years to come.

AEC, standing (1) ___________ The ASEAN Economic Community, was formed in 2003 thanks to the great efforts of the ASEAN leaders.