The document provides an overview of the ASEAN Economic Community (AEC). Key points:
- The AEC aims to create a single market and production base through several measures including eliminating tariffs and non-tariff barriers, liberalizing trade in services, facilitating investment flows, and promoting freer movement of skilled labor.
- Significant progress has been made in reducing tariffs, with over 99% eliminated between ASEAN-6 countries. Attention is now turning to reducing non-tariff barriers.
- Other areas of integration include mutual recognition agreements for professionals, liberalizing rules for foreign investment, harmonizing intellectual property rights, and strengthening regional connectivity through infrastructure.
- The long-term vision is for
The establishment and implementation of the ASEAN Economic Community (AEC) in 2015 is a major milestone in the regional economic integration agenda in ASEAN. it offers opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. In 2014, AEC was collectively the third largest economy in Asia and the seventh largest in the world.
The AEC Blueprint 2025, adopted by the ASEAN Leaders at the 27th ASEAN Summit on 22 November 2015 in Kuala Lumpur, Malaysia, provides broad directions through strategic measures for the AEC from 2016 to 2025. Along with the ASEAN Community Vision 2025, and the ASEAN Political-Security Community (APSC) Blueprint 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025, the AEC Blueprint 2025 forms part of ASEAN 2025: Forging Ahead Together. It succeeded the AEC Blueprint (2008-2015), which was adopted in 2007.
Presentation by ERIA's Senior Policy Fellow, Tan Sri Dr Rebecca Fatima Sta Maria, former Secretary General of Malaysia's Ministry of International Trade and Industry. In this presentation, Dr Rebecca talks about ASEAN's path towards an integrated region and community, the opportunities and challenges faced by ASEAN Economic Community (AEC), as well as ASEAN Centrality.
The establishment and implementation of the ASEAN Economic Community (AEC) in 2015 is a major milestone in the regional economic integration agenda in ASEAN. it offers opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. In 2014, AEC was collectively the third largest economy in Asia and the seventh largest in the world.
The AEC Blueprint 2025, adopted by the ASEAN Leaders at the 27th ASEAN Summit on 22 November 2015 in Kuala Lumpur, Malaysia, provides broad directions through strategic measures for the AEC from 2016 to 2025. Along with the ASEAN Community Vision 2025, and the ASEAN Political-Security Community (APSC) Blueprint 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025, the AEC Blueprint 2025 forms part of ASEAN 2025: Forging Ahead Together. It succeeded the AEC Blueprint (2008-2015), which was adopted in 2007.
Presentation by ERIA's Senior Policy Fellow, Tan Sri Dr Rebecca Fatima Sta Maria, former Secretary General of Malaysia's Ministry of International Trade and Industry. In this presentation, Dr Rebecca talks about ASEAN's path towards an integrated region and community, the opportunities and challenges faced by ASEAN Economic Community (AEC), as well as ASEAN Centrality.
Towards inclusive and sustainable growth in the ASEAN economic communityOECDglobal
Presented at an event hosted by the OECD "Countdown 2015: Towards Inclusive and Sustainable Growth in the ASEAN Economic Community" at the 2014 World Economic Forum
Presentation by Ong Keng Yong, Ambassador-at-Large, Singapore
“Looking Towards ASEAN community 2015: Constraints, Obstacles and Opportunities” seminar on 21 April 2011 at Chulalongkorn University
Princes, Ambassadors and the Future of Southeast Asia: ASEAN, 2015 and Free T...Edelman Indonesia
The politics of the time was wonderfully complex – the Chinese community in Sarawak rejected Sarawak’s incorporation into Malaya after Sarawak’s improbable and originally British ‘white Rajahs’ ceded their nominally independent Kingdom to the His Britannic Majesty in just 1946 – while, in parallel, Communism seemed on the rise across Southeast Asia. Writing as a Brit myself, I am also aware that almost exactly forty years ago, in Jakarta, the Indonesians burned down our embassy; largely in protest at Britain’s corralling a hotchpot of British Imperial possessions in Southeast Asia to become the Malay Federation.
So what actually is ASEAN and what is the forthcoming Asian Economic Community of 2015 and perhaps more importantly what will be the potential opportunities for foreign investment for both multinational companies and organisations such as SME’s within the AEC in just over two years’ time?
Well with the aforementioned questions in mind ‘The brief guide to ASEAN and the Asian Economic Community’ is designed to answer all of those questions and more and is written as an easy to use and quick reference guide to the subject.
The guide covers the most common topics relating to the subject matter and includes a brief history of ASEAN and a historical timeline of key events. In addition, there is information pertaining to ASEAN’s structure, abiding philosophy and aims, ASEAN’s global trade statistics, ASEAN’s affiliate partners and an introduction, and critical analysis of the forthcoming AEC.
It is a full presentation about the economy of the Southeast Asia.
Acknowledgement : this presentation stems from two parts, firstly, it's my own made presentaion from collecting data from many sources such as world bank, UN statistics, and ADB. Also, it's conglomeration of many slide presentation, especially, about the financial situation in region from many academicians. It is my grateful to say Thanks for all of the presentation.
โครงการเตรียมความพร้อมเข้าสู่ประชาคมอาเซียนจังหวัดเพชรบุรี
ในวันพฤหัสบดีที่ 13 มิถุนายน 2556 เวลา 08.0016.30น.
ณ ห้องประชุมแก้วเจ้าจอม วิทยาลัยพยาบาลพระจอมเกล้า จังหวัดเพชรบุรี
the project prepares the readiness reaches Association of Southeast Asian Nations province Phetchburi community ,
in Thursday at 13 June 2556 08.0016.30 times o'clock ,
at , conference glass king's concubine room , nurse monk Chom Klao college ,
Phetchburi province ,
Towards inclusive and sustainable growth in the ASEAN economic communityOECDglobal
Presented at an event hosted by the OECD "Countdown 2015: Towards Inclusive and Sustainable Growth in the ASEAN Economic Community" at the 2014 World Economic Forum
Presentation by Ong Keng Yong, Ambassador-at-Large, Singapore
“Looking Towards ASEAN community 2015: Constraints, Obstacles and Opportunities” seminar on 21 April 2011 at Chulalongkorn University
Princes, Ambassadors and the Future of Southeast Asia: ASEAN, 2015 and Free T...Edelman Indonesia
The politics of the time was wonderfully complex – the Chinese community in Sarawak rejected Sarawak’s incorporation into Malaya after Sarawak’s improbable and originally British ‘white Rajahs’ ceded their nominally independent Kingdom to the His Britannic Majesty in just 1946 – while, in parallel, Communism seemed on the rise across Southeast Asia. Writing as a Brit myself, I am also aware that almost exactly forty years ago, in Jakarta, the Indonesians burned down our embassy; largely in protest at Britain’s corralling a hotchpot of British Imperial possessions in Southeast Asia to become the Malay Federation.
So what actually is ASEAN and what is the forthcoming Asian Economic Community of 2015 and perhaps more importantly what will be the potential opportunities for foreign investment for both multinational companies and organisations such as SME’s within the AEC in just over two years’ time?
Well with the aforementioned questions in mind ‘The brief guide to ASEAN and the Asian Economic Community’ is designed to answer all of those questions and more and is written as an easy to use and quick reference guide to the subject.
The guide covers the most common topics relating to the subject matter and includes a brief history of ASEAN and a historical timeline of key events. In addition, there is information pertaining to ASEAN’s structure, abiding philosophy and aims, ASEAN’s global trade statistics, ASEAN’s affiliate partners and an introduction, and critical analysis of the forthcoming AEC.
It is a full presentation about the economy of the Southeast Asia.
Acknowledgement : this presentation stems from two parts, firstly, it's my own made presentaion from collecting data from many sources such as world bank, UN statistics, and ADB. Also, it's conglomeration of many slide presentation, especially, about the financial situation in region from many academicians. It is my grateful to say Thanks for all of the presentation.
โครงการเตรียมความพร้อมเข้าสู่ประชาคมอาเซียนจังหวัดเพชรบุรี
ในวันพฤหัสบดีที่ 13 มิถุนายน 2556 เวลา 08.0016.30น.
ณ ห้องประชุมแก้วเจ้าจอม วิทยาลัยพยาบาลพระจอมเกล้า จังหวัดเพชรบุรี
the project prepares the readiness reaches Association of Southeast Asian Nations province Phetchburi community ,
in Thursday at 13 June 2556 08.0016.30 times o'clock ,
at , conference glass king's concubine room , nurse monk Chom Klao college ,
Phetchburi province ,
This presentation by Kazumi Nishikawa was made at the session "Integrating ASEAN firms into global value chains through investment" during the 2nd ASEAN-OECD Investment Policy Conference held on 10-11 December 2014.
Find out more at: http://www.oecd.org/daf/inv/investment-policy/2014-asean-oecd-investment-policy-conference.htm
How Jessica Alba Grew Her Startup to Worth $1.7 BillionBusiness Glory
The Honest Company is an ecommerce site co-founded by Jessica Alba. The Honest brand has become popular for whom are willing to pay extra money to overcome the fears of exposing their babies to chemical products.
Looking back to what Jessica Alba had achieved, three lessons we can learn from her startup
Advertising campaign prepared and presented to Jae Goodman (CCO at CAA) and Chris Thorne (CMO at Honest Company) on July 28th, 2016.
"Honest Moments" was official adopted and implemented as the company's first brand campaign in February 2017
This presentation describes the key findings from the OECD investment policy review of Mauritius and how the Mauritius government is implementing the policy reforms suggested in the review.
Nirmala Jeetah of the Mauritius Board of Investment presented and discussed the Mauritian experience of using the Policy Framework for Investment (PFI) to assess its investment climate with SADC member states in Pretoria on 4 July 2014 at the 2nd meeting of the Task Force on updating the PFI.
Find out more about the investment policy review of Mauritius and the Policy Framework for Investment at http://www.oecd.org/daf/inv/investment-policy/mauritius-investment-policy.htm and http://www.oecd.org/investment/pfi.htm
Regional Integration in South Asia by Trio94Avinno Faruk
First year presentation at Department of Economics, University of Dhaka.
Topic Regional Integration in South Asia
Team: Trio94
Members (In order of appearance): Naowar Mohiuddin, Avinno Faruk, and Sadman Shafiq.
We uploaded the text heavy version since a live presentation is not possible on Slide Share. There was a slide limit of 18 but we included a credit slide for resources and a solution slide was later added since we took down the subsection intros.
Bibliography can be provided on request: avinnofaruk@gmail.com
Managing Economic Transformation and Value Chains Development: What Role for SADC Member States and the SADC Secretariat?
5-6 April 2016, Cresta Hotel, Gaborone, Botswana
Discussing unilateral trade liberalization experience of HK, Singapore, ASEAN, gravity model of trade, intellectual property rights (IPR), plain packaging issues.
Presentation during the World Taxpayers Association (WTA) regional forum in Bangkok, Thailand. Covering GDP size of ASEAN and other countries, changes in income tax policies
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
Asean Econ. Community
1. ASEAN ECONOMIC COMMUNITY
Datuk Dr. Rebecca Fatima Sta Maria
Secretary-General
Ministry of International Trade and Industry
‘Driving Transformation, Powering Growth’
2. ASEAN – at a glance
2
Driving
Transforma.on,
Powering
Growth
Population 625 million
- Youth 60%
GDP USD2,398 billion
GDP Growth 5.1%
GDP per capita USD3,837
Total Trade USD2,511 billion
- Intra-ASEAN USD608 billion
- Ratio to GDP 104.7%
Total FDI USD122.4 billion
- Intra-ASEAN USD21.8 billion
Tourist Arrivals 89.3 million
- Intra-ASEAN 39.9 million
4. 387.6 (16.2%)
860.8 (35.9%)
312.1 (13.0%)
297.9 (12.4%)
269.0 (11.2%)
171.2 (7.1%)
54.7 (2.3%)
16.1 (0.7%)
15.5 (0.6%)
10.3 (0.4%)
Source: ASEANStat
ASEAN GDP 2013 (US$ billion)
The 6 biggest ASEAN
Member States accounted
for more than 95% of ASEAN
GDP in 2013
860.8 (35.9%)
Economies at different stages of development
4
6. 3rd largest market in the world
Population in million
JAPAN
128
EU
502
INDIA
1,195
CHINA
1,340
USA
310
ASEAN
625
7th largest economy in the world
GDP 2013 in US$ trillion
Brazil
ASEAN
United
France
Germany
Japan
China
United States 16.8
9.2
4.9
3.7
2.8
2.7
2.4
2.2
Fast growing economy
Real GDP Growth 2013 (%)
7.7
5.2
5.0
Japan
United States
India
ASEAN
China 7.7
5.2
5.0
2.2
1.6
… the whole is greater than the sum of its parts
6
Source: ASEANStat, IMF, WB
7. ASEAN’s Journey towards economic integration
Driving
Transforma.on,
Powering
Growth
7
TIMELINE LIBERALISATION PROCESS
1977-1992 Preferential Trading Arrangement (PTA) – 25-50% Margin of Preference on 1000
tariff lines
1993 ASEAN Free Trade Area (AFTA) – key was the Agreement on Common Effective
Preferential Tariff. Revised as ASEAN Trade In Goods Agreement in 2010
1995 ASEAN Framework Agreement on Services (AFAS) – Progressive Liberalisation
1998 ASEAN Investment Area (AIA) – Investment Liberalisation . Revised as the
ASEAN Comprehensive Investment Agreement (ACIA) in 2009
2004-2010 ASEAN FTAs with Dialogue Partners (China, Japan, Korea, India, Australia &
New Zealand) - RCEP with existing ASEAN’s FTA Partners under negotiations
(target substantial completion by end of 2015)
1993 Sub – Regional Economic Growth Areas (IMGT, BIMP EAGA,SIJORI, AMBDC)
2008-2015 Integration through ASEAN Economic Community (AEC)
8. 8
Driving
Transforma.on,
Powering
Growth
ASEAN
Economic
Community
ASEAN Socio-Cultural
Community
ASEAN
Political-
Security
Community
• Rules-based
Community of Shared
Values and Norms
• Good Governance
• Human Rights
• Adherence to the
Principles of
Democracy
• Single Market and
Production Base
• Competitive Economic
Region
• Equitable Economic
Development
• Linkages to Global
Economy
• Education and Human
Resource Development
• Science and ICT
• Entrepreneurship
• Poverty Alleviation & Social
Safety Net
• Health
• Natural Disasters & Environment
• ASEAN’s Cultural Heritage and
Regional Identity
The 3 Pillars of the ASEAN Community
9. ASEAN Economic Community (AEC)
9
Driving
Transforma.on,
Powering
Growth
• FTAs
• Global Supply
Networks
• SME Development
• Initiative for
ASEAN
Integration
• Competition Policy
• Consumer
Protection
• IPR, Taxation
• e-Commerce
• Infrastructure
• Free flow of goods
• Free flow of services
• Free flow of
investment
• Freer flow of capital
• Freer flow of skilled
labour
Single
Market &
Production
Base
Competitive
Economic
Region
Linkages
with Global
Economy
Equitable
Economic
Development
10. AEC is a work in progress…working to
make it easier to do business
Driving
Transforma.on,
Powering
Growth
10
11. Elimination of import duties
for intra-ASEAN trade:
q ASEAN-6: 99.65% duties
eliminated (1 January
2010)
q C L M V 9 3 % d u t i e s
eliminated (1 January
2015; 7% by 2018)
11
Elimination of duties: Tip of the iceberg
Driving
Transforma.on,
Powering
Growth
13. 13
Driving
Transforma.on,
Powering
Growth
q Removal of equity restrictions
on services and investments in
ASEAN;
q Removal of other forms of
impediments, such as limiting
the number of services
providers, etc.;
q Tr a d e a n d i n v e s t m e n t
facilitation through removing
cumbersome procedures, rules
and regulations; and
q Facilitating the mobility of
skilled people.
The rest of the iceberg…
14. Now to step-up work on Non-Tariff Barriers
(NTBs)
14
Driving
Transforma.on,
Powering
Growth
Examples of NTBs in ASEAN:
§ Import quotas
§ Restrictions on import/distribution licensing agreements
§ Product regulatory standards
Measures to address NTBs:
§ Adoption of regional and national level of NTM Work
Programme
§ Structure to resolve NTM cases faced by businesses
§ Establishment of an interagency body at the national level
in each Member State to strengthen coordination of
domestic efforts to address NTM/NTBs.
15. 15
Driving
Transforma.on,
Powering
Growth
Trade in services: What has been achieved?
AFAS
Packages Date
of
signing
1st
Package
15
Dec
1997,
Kuala
Lumpur,
Malaysia
2nd
Package 16
December
1998,
Ha
Noi,
Viet
Nam
3rd
Package 31
December
2001
(Ad-‐Referendum
Signing);
4th
Package 3
September
2004,
Jakarta,
Indonesia
5th
Package 8
December
2006,
Cebu,
the
Philippines
6th
Package 19
November
2007,
Singapore
7th
Package 26
February
2009,
Cha-‐am,
Thailand
8th
Package 28
October
2010,
Ha
Noi,
Viet
Nam
9th
Package 26
August
2014,
Nay
Pyi
Taw,
Myanmar
§ Final AFAS Package: 2015
16. 16
Driving
Transforma.on,
Powering
Growth
Facilitating Movement of Professionals and Talent
ASEAN Movement of Natural
Persons Agreement (MNP)
outlines the immigration formalities
for the temporary entry or
temporary stay of natural persons:
ü limited to business visitors,
intra-corporate transferees,
and contractual service
suppliers;
ü does not cover permanent
entry and unskilled labour.
17. 17
Driving
Transforma.on,
Powering
Growth
§ MRA – Agreement to facilitate movement of ASEAN
professionals across the region.
§ ASEAN has concluded 7 MRAs; in various stages of
operationalization:
NO. MRA DATE
OF
SIGNING
1. MRA
for
Engineering
Services 9
Dec
2005
2. MRA
for
Nursing
Services 8
Dec
2006
3. MRA
for
Architectural
Services 19
Nov
2007
4. Framework
MRA
for
Surveying
Qualifica[ons
19
Nov
2007
5. MRA
for
Medical
Prac[[oners
Services
26
Feb
2009
6. MRA
for
Dental
Prac[[oners
Services 26
Feb
2009
7. MRA
for
Accountancy
Services 26
Aug
2014
Mutual Recognition Agreements (MRA)
18. 18
Driving
Transforma.on,
Powering
Growth
Evolution of Investment Liberalisation and
Protection in ASEAN
1987
Agreement for Promotion and Protection
of Investments (IGA)
1998
ASEAN Investment Area Agreement
(AIA)
2009
ASEAN Comprehensive Investment
Agreement (ACIA)
19. 19
Driving
Transforma.on,
Powering
Growth
Investment: What has been Achieved?
§ ASEAN Comprehensive Investment Agreement (ACIA)
signed in February 2009 Providing for investment
liberalization, protection, promotion and facilitation.
§ ACIA will:
• benefit investors and their investments based in ASEAN;
• maintains and accords preferential treatment among
ASEAN Member States; and
• preserves commitments made under the Framework
Agreement on the ASEAN Investment Area (AIA) and the
ASEAN Investment Guarantee Agreement (IGA).
20. 20
Driving
Transforma.on,
Powering
Growth
§ Intellectual Property Rights (IPR):
o strengthening domestic IP systems to deliver timely, quality
and accessible IP services through a strong IP regime; and
o acceding to core international agreements.
§ Competition Policy: National competition law in all Member
States
§ Consumer Protection: Focus on ensure consumer legislation
in all Member States, consumer access to information,
information exchange mechanism for recalled/banned
products and consumer redress mechanism.
Other Areas Covered under the AEC
21. 21
Driving
Transforma.on,
Powering
Growth
§ Taxation: Network of bilateral agreements to address
issues on double-taxation.
§ SME Development: SME Master Plan, SME Development
Council (Public and Private Sector representatives) and
information exchange on best practices.
§ Narrowing the Development Gap: Initiative for ASEAN
Integration (IAI) and capacity-building programs.
Other Areas Covered under the AEC
22. 22
Driving
Transforma.on,
Powering
Growth
Cooperation in Other Economic Sectors:
Strengthening Connectivity
► Development of rail/road/highways/port networks.
► Regional power transmission grid & Trans-ASEAN gas pipeline.
► ICT – Broadband corridors.
► Transport Agreements/Protocols, e.g.
§ ASEAN Framework Agreement on Multimodal Transport
(AFAMT)
§ ASEAN Framework Agreement on Facilitation of Goods in
Transit (AFAFGIT)
§ ASEAN Framework Agreement on the Facilitation of Inter-
State Transport (AFAFIST)
§ Open Skies Policy
§ Single Shipping Market
23. 23
Driving
Transforma.on,
Powering
Growth
Post-2015 Economic Vision: consolidation and going
beyond…
• incorporate unfinished commitments
• Framework of the ASEAN Economic
Community 2025: covers 5 main
sections:
o Integrated and Highly Cohesive
Economy;
o Competitive, Innovative and
Dynamic ASEAN;
o Resilient, Inclusive and People
Centered ASEAN
o Enhanced Sectoral Integration and
Cooperation; and
o Global ASEAN.
24. Thank You
allasean@miti.gov.my
Block 10, Government Offices Complex,
Jalan Duta, 50622 Kuala Lumpur, Malaysia
Tel: 603-8000 8000 | Fax: 603-6201 2337
Email: webmiti@miti.gov.my | Website: www.miti.gov.my