Embed Size (px)
Citation preview
ASEAN ECONOMIC COMMUNITY 2015
1
ASEAN Business & Investment Summit20 November 2015, Kuala Lumpur, Malaysia
OUTLINE OF PRESENTATION
I. ASEAN Economic Integration – An Overview
II. AEC - what we set out to do
III. AEC - where are we now
IV. AEC Scorecard Report & ASEAN Integration Report
2
1992
Framework
Agreement on
Enhancing ASEAN
Economic Cooperati
on
1997
ASEAN Vision 2020
2003
Declaration of
ASEAN Concord II
2007
ASEAN Economic Communit
yBlueprint
AEC 2015and
Beyond
3
ASEAN ECONOMIC INTEGRATION– AN OVERVIEW
AEC - WHAT WE SET OUT TO DO
ASEAN ECONOMIC COMMUNITYSTRATEGIC SCHEDULE OF THE AEC BLUEPRINT (2008-2015)
Pillar 1 Single Market
& Production Base
• Free flow of goods• Free flow of services• Free flow of
investment• Freer flow of capital• Free flow of skilled
labor• Priority Integration
Sectors• Food, agriculture
and forestry
Pillar 2 Competitive
Economic Region
• Competition policy• Consumer
protection• Intellectual
property rights• Infrastructure
development• Taxation• E-Commerce
Pillar 3 Equitable Economic
Development
• SME development• Initiative for
ASEAN Integration
Pillar 4 Integration into
the Global Economy
• Coherent approach towards external economic relations
• Enhanced participation in global supply networks
HUMAN RESOURCE DEVELOPMENT RESEARCH AND DEVELOPMENT
4
5
AEC - WHERE ARE WE NOW IMPLEMENTATION RATE
2007
AEC Blueprint Launched
* 316 measures
2008-2014
* Regular review to ensure measures are relevant
* Addition/deletion of measures
2015
* 506 measures
* As of end Oct, 469 out of 506 measures implemented (92.7%)
Rules of Origin
ASEAN Single Window
6
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
ASEAN-6 99.2%
CLMV 90.86%
40% local content
Change in tariff subheading
Certified manufacturer and trader to decide
2 pilot projects in place
Scale down pilot project concluded
Full-fledged pilot project commenced
7
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
Harmonization of Standards &
Technical Requirements
EEE (121) AU (15) PF (5)
TMHS (17)PM (7) MD (15) RB
(46)
Accreditation & Conformity Assessment
EEE16 Testing
Laboratories & 5 Certification
Bodies
GP 4 inspection
services
Mutual Recognition
Arrangement
ImplementedEEE / GP
DevelopmentAuto Products / Food Hygiene
Building & Construction
Harmonization of Regulatory
Regime
ImplementedEEE / CS / MD
DevelopmentPF / TMHS
One Standard, One Test, Accepted Everywhere
AU – Automotive CS – Cosmetic EEE – Electrical & Electronic Equipment GP – GMP Inspection of Manufacturers of Medicinal Products MD – Medical Device PF – Prepared Foodstuff
PM – Pharmaceuticals RB – Rubber Based TMHS – Traditional Medicine & Health Supplement
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
8
Services
8 packages concluded (WTO Plus)9t
h
package being finalized10t
h
package being negotiated
Financial Integration
6 packages of financial services concluded (WTO Plus)
ASEAN Banking Integration Framework
ASEAN Exchanges
Movement of Natural Person
MRA ConcludedArchitecture, Accountant, Engineer, Dental, Medical, Nursing, Surveyor, Tourism Professional
OperationalizedArchitect / Engineer
.C
• 9 AMS have consumer protection law in place
• Complaint and redress mechanism
• ASEAN Patent Examination Cooperation
• ASEAN TM View
• 8 AMS have competition law in place
• Strategy and Tools for regional competition advocacy
• Liberalization• Facilitation• Promotion• Protection
• Annual Peer Review
• Investment Policy Review
Investment Consumer Protection
CompetitionIntellectual Property
Right
9
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
Agriculture, Fishery and
ForestryEnergy
Minerals ICT
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
10
Reduction of International Mobile Roaming Rate
ICT skill standard and certification framework developed
8.5% reduction in energy intensity
25% renewable energy share in installed power generation
Best practices – GAP, GAqP,
GAHP, ASOA
Regional reference framework on phased approach tp forest certification
ASEAN Minerals Database
ASEAN Minerals Trust Fund
11
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
Air Transport
• ASEAN Open Sky for both cargo and passenger services
• Greater air connectivity with China
Land Transport
• Designated roads and highways linking ASEAN Highway Network physically connected
• Regional Road Safety Strategy put in place
Sea Transport• Implementing Strategy for ASEAN Single Shipping Market formulated
• Prioritized routes for ASEAN RO-RO Shipping Network and Short Sea Shipping identified
Tourism
• MRA on Tourism Professional Concluded
• ASEAN Community-Based Tourism Standard Established
Entry Into Force
Size of Market
Size of Economy ($)
Total Trade ($)
ASEAN 1992 0.622 B 2.57 T 608 B
ACFTA (China) 2005 1.990 B 12.93 T 366.5 B
AKFTA (Korea) 2007 0.673 B 3.98 T 131.5 B
AJCEP (Japan) 2008 0.749 B 7.17 T 229.1 B
AANZFTA (Aus-Nzl) 2010 0.651 B 4.22 T 81.1 B
AIFTA (India) 2010 1.898 B 4.63 T 67.7 B
AHKFTA (Hong Kong) Jul 2014* 0.630 B 2.89 T 99.4 B
RCEP May 2013* 3.472 B 22.63 T 1,484 B
* Commencement of Negotiations US$ 2.53 T
12
AEC - WHERE ARE WE NOW LOW HANGING FRUITS
ELIMINATION OF NON-TARIFF BARRIERS
INTEGRATION OF SME INTO REGIONAL PRODUCTION NETWORKS AND GLOBAL
SUPPLY CHAIN
ENHANCEMENT AND DEVELOPMENT OF EXISTING/NEW INFRASTRUCTURE TO
SUPPORT SUSTAINABLE GROWTH
NARROWING DEVELOPMENT GAPS WITHIN AND BETWEEN ASEAN MEMBER STATES
CONCLUSION OF ON-GOING FTA NEGOTIATIONS TO SERVE AS A BUILDING BLOCK
TO REGION-WIDE FTA
13
AEC - WHERE ARE WE NOWUNFINISHED AGENDA
AEC – WHERE ARE WE NOWIMPACT ON ASEAN ECONOMIC PERFORMANCE
14
THIRD LARGEST ECONOMY IN ASIASEVENTH LARGEST ECONOMY IN THE WORLD
622 MILLION PEOPLE (53% BELOW 30 YRS OLD)
2007 2014
GDP US$ 1.325 T US$ 2.574 T
GDP PER CAPITA US$ 2,343 US$ 4,135
TRADE US$ 1.61 T US$ 2.53 T
INVESTMENT US$ 85 B(5% OF WORLD FDI)
US$ 136 B(11% OF WORLD FDI)
