The document discusses the progress and challenges of establishing the ASEAN Economic Community (AEC).
It provides an overview of the AEC's goals to create a single market and production base, competitive economic region, and equitable economic development. It analyzes progress in key areas like tariff elimination, services liberalization, and investment policies.
While significant steps have been taken, full integration faces challenges from non-tariff barriers, infrastructure gaps, implementation delays, and development differences between member countries. Establishing the AEC by 2015 will require sustained efforts to overcome these challenges.
Tractus Indonesia Country Representative, Daniel Bellefleur, presented at Asia Business Connect’s The Road to AEC & Mekong Region 2015 and Beyond: Key Legal, Tax & Business Aspects for Investment conference at the Landmark Hotel Bangkok. The conference attracted potential investors interested in expanding across Southeast Asia to take advantage of the differing competitive advantages and growth potential. Daniel gave an in-depth presentation on Indonesia’s current investment climate and how the largest ASEAN economy compares to its regional counterparts. Moreover, Mr. Bellefleur gave an update on Indonesia’s new investment incentives and stimulus packages aimed at improving the overall business operating environment. While Indonesia’s economy slowed in 2015, the Jokowi administration is looking to put the frameworks in place to put economic growth back on the right track. By building desperately needed infrastructure and cutting red tape, the archipelago may become one of the most interesting nations to invest in globally.
Tractus Indonesia Country Representative, Daniel Bellefleur, presented at Asia Business Connect’s The Road to AEC & Mekong Region 2015 and Beyond: Key Legal, Tax & Business Aspects for Investment conference at the Landmark Hotel Bangkok. The conference attracted potential investors interested in expanding across Southeast Asia to take advantage of the differing competitive advantages and growth potential. Daniel gave an in-depth presentation on Indonesia’s current investment climate and how the largest ASEAN economy compares to its regional counterparts. Moreover, Mr. Bellefleur gave an update on Indonesia’s new investment incentives and stimulus packages aimed at improving the overall business operating environment. While Indonesia’s economy slowed in 2015, the Jokowi administration is looking to put the frameworks in place to put economic growth back on the right track. By building desperately needed infrastructure and cutting red tape, the archipelago may become one of the most interesting nations to invest in globally.
This report summarises the key messages that emerged during the first five episodes of the ERIA MSME Talks, a series of webinars designed to discuss key issues, challenges, and opportunities for ASEAN MSMEs in the COVID-19 world, with a diverse group of stakeholders including entrepreneurs, policymakers, academics, and experts from the region. This report details some of the building blocks for the development of more sustainable and inclusive entrepreneurship ecosystems during the post-pandemic economic recovery in ASEAN.
This Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide basic information on BOI investment promotion for applications submitted from
January 1, 2015, onward. This guidebook comprises investment promotion incentives and privileges, the list of activities eligible for investment promotion, and related announcements including essential rules and criteria for applying investment promotion.
This study, drafted by the ITO company Officience, describes and analyses recent evolutions in the Vietnam's development, then focuses on ITsector. Actually, this growing country has emerged two decades ago and since it has known a huge leap forward. Thanks to this growth, Vietnam received more and more investings from foreign companies. This study brings out some macroeconomic and social specificities, espacially regarding the education field.
Dealing with IT issues, the Officience company underlines in this study levers used by Vietnam to promote and develop that IT sector. Indeed, this sector will go on growing and Vietnam is already perceived as a future leader of worldwide outsourcing services.
Presented by Ms. Ajarin Pattanapanchai, at the seminar "Thailand: Business Opportunities for Quebec Companies" on March 1, 2016 at Hotel Omni Mont-Royal, Montreal, Canada
An analyzing for foreign investors to invest in Vietnam.
For more ideas and support for starting up your business in Vietnam / looking for Vietnam supplier base or Vietnam market information, please feel free to contact trang.nt@longhau.com.vn .
This Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide basic information on BOI investment promotion for applications submitted from January 1, 2015, onward. This guidebook comprises investment promotion incentives and privileges, the list of activities eligible for investment promotion and related announcements including essential rules and criteria for applying investment promotion.
Business Opportunities in Vietnam is presented by Ms. Ladda Mongkolchaiwiwat, GM - VNU Exhibitions Asia Pacific, prepared by Mr. Sarawut Burapapat, Strategic Communication Consultant - Market-Comms and sourced by Vietnam Trade Promotion Agency & Vietnam Chamber of Commerce and Industry.
This report summarises the key messages that emerged during the first five episodes of the ERIA MSME Talks, a series of webinars designed to discuss key issues, challenges, and opportunities for ASEAN MSMEs in the COVID-19 world, with a diverse group of stakeholders including entrepreneurs, policymakers, academics, and experts from the region. This report details some of the building blocks for the development of more sustainable and inclusive entrepreneurship ecosystems during the post-pandemic economic recovery in ASEAN.
This Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide basic information on BOI investment promotion for applications submitted from
January 1, 2015, onward. This guidebook comprises investment promotion incentives and privileges, the list of activities eligible for investment promotion, and related announcements including essential rules and criteria for applying investment promotion.
This study, drafted by the ITO company Officience, describes and analyses recent evolutions in the Vietnam's development, then focuses on ITsector. Actually, this growing country has emerged two decades ago and since it has known a huge leap forward. Thanks to this growth, Vietnam received more and more investings from foreign companies. This study brings out some macroeconomic and social specificities, espacially regarding the education field.
Dealing with IT issues, the Officience company underlines in this study levers used by Vietnam to promote and develop that IT sector. Indeed, this sector will go on growing and Vietnam is already perceived as a future leader of worldwide outsourcing services.
Presented by Ms. Ajarin Pattanapanchai, at the seminar "Thailand: Business Opportunities for Quebec Companies" on March 1, 2016 at Hotel Omni Mont-Royal, Montreal, Canada
An analyzing for foreign investors to invest in Vietnam.
For more ideas and support for starting up your business in Vietnam / looking for Vietnam supplier base or Vietnam market information, please feel free to contact trang.nt@longhau.com.vn .
This Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide basic information on BOI investment promotion for applications submitted from January 1, 2015, onward. This guidebook comprises investment promotion incentives and privileges, the list of activities eligible for investment promotion and related announcements including essential rules and criteria for applying investment promotion.
Business Opportunities in Vietnam is presented by Ms. Ladda Mongkolchaiwiwat, GM - VNU Exhibitions Asia Pacific, prepared by Mr. Sarawut Burapapat, Strategic Communication Consultant - Market-Comms and sourced by Vietnam Trade Promotion Agency & Vietnam Chamber of Commerce and Industry.
This presentation explains Paymentwall, the global payments platform - how you can monetize your game or web service, which local and global online payment methods we offer and how we support our merchants and end users around the globe.
ERIA's Chief Economist Prof Fukunari Kimura gave a presentation on inter-regional trade integration during the second session of the High-level Symposium on Intra-ASEAN Trade and Investment: Enhancing Intra-ASEAN Trade and Investment for a Cohesive and Responsive ASEAN held in Hanoi on 10 January 2020. Prof Kimura showed how intra-ASEAN trade flows are at good and stable level but nevertheless there is room for expanding these flows. He also explained how trade is changing in ASEAN and at global level: from more traditional forms of trade to trade linkages enabled by international economic networks and driven by digital technologies.
The role of LABUAN in the ASEAN Economic Community 2015Stephen Ong
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resources owned by that country or from other countries. For example, countries that are members of ASEAN
can take advantage of the service sector to improve their economy by relying on the human resources of each
country and the human resources of the countries that are members of ASEAN. This research was conducted on
10 ASEAN members, namely Brunei Darrussalam, the Philippines, Indonesia, Cambodia, Laos, Malaysia,
Myanmar, Singapore, Thailand, and Vietnam. The type of data used is quantitative data in the form of secondary
data. Data collection is done through records or reports from relevant sources or agencies.
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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.
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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.
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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.
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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/
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Amendment of MOA:
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Attending a job Interview for B1 and B2 Englsih learners
Panel 1-1-ISEAS-Sanchita
1. ASEAN Economic Community
– A Work in Progress
Sanchita Basu Das
Fellow and Lead Researcher (Economic
Affairs), ASEAN Studies Centre, ISEAS, Singapore
April 18, 2013
2. 3
ASEAN Economic Community:
Vision and Blueprint
Single Market and Production Base
Free flow of goods, services, investment & skilled labor; Freer flow of
capital. Focus on PIS
~Highly Competitive Economic Region
Transport facilitation, infrastructure, ICT and connectivity;
IPR, taxation, competition policy
Region of Equitable Economic Development
Narrowing Development Gap; Initiative for ASEAN Integration;
SME development
ASEAN Fully Integrated into the Global Economy
Coherent approach to external economic relations
2
3. 3
ASEAN Integration Matters:
Potential Impact of AEC Measures on AMSs‟ GDP
(Cumulative percentage increase over baseline 2011-2015 in 2015)
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
RoSEAsiaCambodia Indonesia LaosMalaysiaPhilippinesSingaporeThailand Viet Nam
A5: Tariff AS:Tariff+ServicesAT: Tariff+Services+ Time
Notes: Brunei is proxied by "Rest of South East Asia"in the simulation. No estimates for Myanmar because
of serious data problems.
Source: Computed by Itakura for MTR project.
4. 3
Official AEC Scorecard
Expected to track the implementation of measures and the achievement of
milestones committed in the AEC Strategic Schedule.
- compliance tool and not a mechanism for impact assessment.
ASEAN Secretariat came out with two official scorecards
2008-09 : 87.6% of 105 total measures
2010-11: 56.4% of 172 measures.
ASEAN
Economic
Community
Pillar I:Single
Market
Production
Base
Pillar II:
Competitive
Economic
Region
Pillar III:
Equitable
Economic
Development
Pillar IV:
Integration into
t h e G l o b a l
Economy
68.2 66.5 69.2 66.7 85.7
5. How is the progress for the member countries and the
businesses?
What are the challenges?
6. Progress in AEC (1)
Free Flow of Goods
ASEAN-6 countries applied zero tariffs on 99.6% of goods.
The CLMV countries are trading 98.86% of goods at 0-5 percent of tariff
rate.
8.00
7.00
6.00
ASEAN-6
CLMV
ASEAN-10
percent(%)
5.00
4.00
3.00
2.00
1.00
-
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
7. Progress in AEC (2)
ASEAN Trade in Goods Agreement (ATIGA) came into effect
in May 2010
Operationalise the customs chapter – 30 April 2012.
Malaysia
It has ratified ATIGA on 17 June 2009.
The tariff levels on imports looks as follows:
12,169 tariff lines (98.69%) have zero import duties
56 tariff lines (0.45%) of selected tropical fruits and tobacco were
reduced to 5 per cent
10 tariff lines (0.08%) on rice were reduced from 40 per cent to 20
percent
96 tariff lines (0.78%) on alcoholic beverages and weapons are excluded
from tariff reduction and elimination.
8. Progress in AEC (3)
Trade Facilitation
~ Progressing on ASEAN Single Window: network of National
Single Window
Single point of decision for the release of cargo
Indonesia, the Philippines, Malaysia, Singapore, and Thailand have
implemented with full roll out plan for significant ports and airports by
2015
Brunei and Vietnam are in advanced stages of development
Malaysia
Implemented its NSW on January 1, 2009.
Supported by 5 core services - e-Declare, e-Permit, e-Payment, e-
Preferential Certificate of Origin (e-PCO) and e-Manifest
Has been in operation since November 19, 2009.
The approval of PCO can now be done within one working day.
9. Progress in AEC (4)
There exist several Non-Tariff Barriers (NTBs)
Custom surcharges, internal taxes, administrative price fixing, single
channel of imports, requirement of product characteristics, labeling
Most NTMs Least NTMs
Country Myanmar, Indonesia, and
the Philippines
and
CambodiaThailand
Industry Food and chemical industry MetalandLight
manufacturing
Source:Ando and Obashi, 2010
ASEAN needs to reduce transportation and logistics costs
between and within member countries.
Logistics Performance Index, 2012: Singapore ranks 1st and
Myanmar 129th out of 155 countries surveyed
Malaysia ranks 29th .
11. Progress in AEC (5)
Free Flow of Services
Completed Eighth packages of commitments to liberalise services trade under
ASEAN Framework Agreement on Services.
BUT services sector liberalisation is far from full integration
Progress in Tourism: 81 million of international arrivals in 2011 with 7.4%
growth; 47% is intra- ASEAN visitors
Mutual Recognition Arrangements
ASEAN has concluded seven MRAs:
engineering, architecture, nursing, accountancy, surveying
services, medical and dental profession
BUT MRAs should not be equated to market access
MRAs do not contain any liberalisation commitments but only frameworks or
procedures to facilitate the flow.
12. Progress in AEC (6)
Investment Liberalization and Facilitation
~ASEAN Comprehensive Investment Agreement is effective since
April 2012
incorporates provisions on liberalisation, protection, facilitation and
promotion
expected to benefit ASEAN-owned investors and companies and foreign-
owned ASEAN-based investors.
Malaysia ratified the agreement on 16 August 2009
BUT ASEAN continues to struggle in raising inward FDI
Regional investment agreements have to be supplemented with effective
and well carved-out domestic investment policies.
14. Progress in AEC (8)
ASEAN‟s competitiveness : Two aspects
Effective standardized competition policy in the region
Singapore, Indonesia, Thailand and Vietnam have established independent
competition authorities.
Malaysia, Philippines and Brunei are lagging on this matter
Infrastructure is a key component
Adopted the Master Plan of ASEAN Connectivity in 2010
Physical, Institutional and People-to-People Connectivity
ASEAN needs US$60 billion a year for infrastructure investment
for the 2010-20 period.
ASEAN Infrastructure Fund in collaboration with ADB – US$485.2
million and Private-Public-Partnership
15. Progress in AEC (9)
Equitable Economic Development
Narrow the Development Gap
Socio-economic Indicators Range Country Representing
Per Capita GDP (PPP US$, 2012) 1,401 – 60,883 Myanmar - Singapore
Population (million, 2012) 0.43 – 245 Brunei - Indonesia
% Share of Agriculture in GDP*, 2010 0 - 36 Singapore - Cambodia
% Share of Industry in GDP*, 2010 23- 67 Cambodia - Brunei
% Share of Services in GDP*, 2010 32 - 72 Brunei - Singapore
Imports /GDP (%), 2010 14 - 153 Myanmar – Singapore
Exports /GDP (%), 2010 20 - 171 Myanmar – Singapore
Human Development Index (Rank) (2011) 26 - 149 Singapore - Myanmar
Poverty (headcount ratio at $1.25 (PPP) a
day, %) **
0 – 33.9 Malaysia – Lao PDR
*Myanmar is excluded as data was not consistently available, ** data is not available for Singapore, Brunei and Myanmar
Initiative of ASEAN Integration (IAI)
Second IAI Work Plan ( 2009- 2015)
BUT IAI program areas does not fully fit the CLMV‟s key priorities
16. Progress in AEC (10)
ASEAN+1 FTAs/ RCEP
ASEAN+ China and ASEAN + Korea
Goods, Services and investment agreements signed
ASEAN+ Japan and ASEAN+ India
Goods completed; Negotiation concluded for services and investment
ASEAN + Australia + New Zealand
Comprehensive agreement implemented – Jan 1, 2010
ASEAN plays a role of “ bridge builder” among countries in the greater
scope of Asia
Total
Population, 2011
TotalGDP, 2011 Total Trade to
theWorld,2011
Persons in million US$ billion PPP$ billion US$ billion
ASEAN-Australia-New
Zealand FTA
635 3,822 4,390 2,983
ASEAN-China FTA 1,955 9,474 14,651 6,036
ASEAN-JapanCEP 736 8,043 7,735 4,072
ASEAN-RoK FTA 658 3,292 4,905 3,474
ASEAN-IndiaFTA 1,815 4,003 7,772 3,162
Author’s compilation/ estimates
17. Regional Comprehensive Economic
Partnership (RCEP)
Characteristics RCEP is led by ASEAN
Born out of ASEAN+1 FTAs with China, India, Japan, South Korea, Australia and New
Zealand
Based on open accession clause, where membership can be expanded later as they sign FTA
with ASEAN.
Negotiation expected to start in May 2013 and be concluded by 2015.
Aims to form an integrated regional economic agreement that are deeper than the existing
FTA co-operations and support equitable economic development.
Areas include: liberalise trade in goods, services and investment, technical cooperation,
intellectual property, dispute settlement (WTO+ issues)
Economic Coverage, 2011*
GDP (% global share) – 28.4
Merchandise trade (% global share) – 27.7
Population (% global share) – 47.9
Concerns Building on “ASEAN way” and differential treatment depending on level of members‟
development could contribute to slow progress.
Conflict due to tension between China and the US.
ASEAN+1 FTAs have different features and are at different stages of implementation.
Author’s compilation/ estimates
18. East Asia Integration Matters:
Economic Impacts of Development of ASEAN++ FTA (Regional
Comprehensive Economic Partnership)
2.3 9.5
5.8
3.0 5.0 3.3 2.9 13.4
8.3
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
ASEAN
Coexistence of Five ASEAN+1 FTAs
Coexistence of Five ASEAN+1 FTAs and CJK FTAs
ASEAN+6 FTA
NOTE: Cumulative Percentage Point, deviation from baseline, 2011 to 2015;
NA for Myanmar due to data availability
18
Source: Dynamic GTAP Simulation by Itakura (2012)
19. Concluding Remarks
The pace of implementation is slow
~ Due to delay in the ratification of agreements; alignment of domestic
laws to regional initiatives
There is lack of awareness on ASEAN matters.
Non-tariff barriers replaced tariff rates as a form of protection
Scorecard defies the understanding of ASEAN public and private sector
BUT efforts of AEC will not be derailed easily.
Private sector is getting increasingly aware
ASEAN-EU Business Summit, Business Dialogue, ASEAN-China
expo, ASEAN-China Business & Investment Summit, ASEAN-US
Business Summit, India-ASEAN Business Fair
TIME is a big constraint
On 31 December 2015, if not all, at least the “core” elements of the AEC is
likely to be in place
tariff reduction, trade facilitation (ASW), liberalization of selected
services (tourism), progress in MPAC, ASEAN+1 FTAs/ RCEP
19
21. ASEAN‟s Engagement with Major
Partners
Bilateral Total
Trade, US$ billion
ASEAN FDI Inflow,
US$ million
Tourist arrivals in
ASEAN, („000)
1998 2010 2003 2010 2011
Intra- 121.0 520 2,712 12,279 37,733 (46.5)
ASEAN (21.0) (25.4) (11.1) (16.1)
Extra- 455 1,525 21800 63929 43496 (53.5)
ASEAN (79.0) (74.6) (88.9) (83.9)
Australia 12.8 55.4 (2.7) 155 1765 (2.3) 3926 (4.8)
(2.2) (0.63)
Canada 4.1 (0.7) 9.9 (0.5) 82 (0.3) 1641 (2.2) 594 (0.7)
China 20.4 232.0 201 (0.8) 2861 (3.8) 7315 (9.0)
(3.5) (11.3)
EU-27 83.6 208.5 6866 17066 7326 (9.0)*
(14.5) (10.2) (28.0) (22.4)
India 6.9 (1.2) 55.4 (2.7) 104 (0.4) 2584 (3.4) 2711 (3.3)
Japan 81.4 206.6 3903 8386 (11.0) 3664 (4.5)
(14.1) (10.1) (15.9)
Rep.Of 17.1 98.6 (4.8) 552 (2.3) 3770 (4.9) 3862 (4.8)
Korea (3.0)
New 1.6 (0.3) 7.3 (0.4) 83 (0.3) 93 (0.1) 390 (0.5)
Zealand
Russia 1.0 (0.2) 9.1 (0.4) -- 61 (0.1) --
USA 115.5 186.6 1363 8578 (11.3) 2838 (3.5)
(20.1) (9.1) (5.6)
Total 576.1 2,045 24512 76208 81,229
ASEAN
Intra-ASEAN trade comprised of one-
fourth of ASEAN‟s total trade.
China, EU-27, Japan and USA continue
to be four major trade partners of
ASEAN. However, the combined share
of EU-27, Japan and USA to ASEAN‟s
total trade has dwindled from 48.7% in
1998 to 29.4% in 2010.
EU-27, Intra-ASEAN, USA and Japan
are the top providers of ASEAN FDI
inflows for 2010.
For tourist arrivals, intra-ASEAN is the
biggest source, followed by EU and
China
Source: ASEAN Statistical Yearbook
(various issues)
Note: * is for EU-25; figures in bracket
give the share in total
21