Transcript ASEC Presentation to GCC, 20 May 2013

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ASEAN ECONOMIC COMMUNITY 2015
Thinking Globally, Prospering Regionally
ASEAN Awareness Forum II
30 September 2015, Milan, Italy
2
Outline of Presentation
I. ASEAN – An Overview
II. What we set out to do
III. Where are we now
IV. AEC beyond 2015
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ASEAN – AN OVERVIEW
Population – 622 million
GDP – US$ 2.6 trillion
Trade in Goods
– US$ 2.5 trillion
Trade in Services
- US$ 590.5 billion
Foreign Direct Investment
– US$ 136.2 billion
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Source: en.wikipedia.org
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ASEAN – AN OVERVIEW
1992
1997
1998
2003
2007
Framework
Agreement
on Enhancing
ASEAN
Economic
Cooperation
ASEAN Vision
2020
Hanoi
Plan of
Action
Declaration
of ASEAN
Concord II
ASEAN
Economic
Community
Blueprint
AEC 2015
and
Post 2015
Agenda
5
WHAT WE SET OUT TO DO
ASEAN ECONOMIC COMMUNITY
STRATEGIC SCHEDULE OF THE AEC BLUEPRINT (2008-2015)
Pillar 1
Single Market
& Production Base
Pillar 2
Competitive
Economic Region
Pillar 3
Equitable
Economic
Development
Pillar 4
Integration into
the Global
Economy
• 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
• Competition policy
• Consumer
protection
• Intellectual
property rights
• Infrastructure
development
• Taxation
• E-Commerce
• SME development
• Initiative for
ASEAN Integration
• Coherent approach
towards external
economic relations
• Enhanced
participation in
global supply
networks
HUMAN RESOURCE DEVELOPMENT
RESEARCH AND DEVELOPMENT
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WHERE ARE WE NOW
- IMPLEMENTATION RATE
2007
AEC Blueprint Launched
* 316 measures
2008-2014
* Timeline shorten by 5
years to 2015
* Regular review to
ensure measures are
relevant
* addition/deletion of
measures
2015
* 506 measures
* As of end July, 463
out of 506 measures
implemented
(91.5%)
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WHERE ARE WE NOW
- LOW HANGING FRUITS
Tariff
Elimination
Rules
of Origin
Self
Certification
ASEAN Single
Window
ASEAN-6
99.2%
40%
local content
Manufacturer
and trader to
decide
Scale down
pilot project
concluded
CLMV
90.86%
Change in
tariff
subheading
2 pilot
projects in
place
Full-fledged
pilot project
commenced
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WHERE ARE WE NOW
- LOW HANGING FRUITS
One Product, One Test, Accepted Everywhere
Harmonization
of standards &
technical
requirements
EEE (121)
AU (15)
PF (5)
TMHS (17)
PM (7)
MD (15)
RB (46)
Accreditation
& Conformity
Assessment
EEE
 16 Testing
Laboratories
 5 Certification
Bodies
GP
 4 inspection
services
Mutual
Recognition
Arrangement
Implemented
EEE
GP
Development
Auto Products
Food Hygiene
Building &
Construction
Harmonization
of Regulatory
Regime
Implemented
EEE
CS
MD
Development
PF
TMHS
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
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WHERE ARE WE NOW
- LOW HANGING FRUITS
National
Trade
Repository
Services
Tariff
- MFN
- Preferential
(FTA/CEP)
8 packages
concluded
(WTO Plus)
ROO
NTMs
Trade & Customs
Law and Rules
9th package
being finalized
10th package
being negotiated
Movement of
Natural Person
Concluded
Architecture,
Accountant, Engineer,
Dental, Medical,
Nursing, Surveyor,
Tourism Professional
Operationalized
Architect
Engineer
Financial
Integration
6 packages of
financial services
concluded
(WTO Plus)
ASEAN Banking
Integration
Framework
ASEAN Exchanges
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WHERE ARE WE NOW
- LOW HANGING FRUITS
Investment
Competition
Consumer
Protection
Intellectual
Property Right
Liberalization
Facilitation
Promotion
Protection
8 ASEAN Member
States have
competition policy
and law in place
9 ASEAN Member
States have
consumer
protection law in
place
ASEAN Patent
Examination
Cooperation
Annual Peer
Review
Investment Policy
Review
Cambodia and
Laos will their
policy & law in
place next year
Cambodia’s law
will be put in place
next year
ASEAN TM View
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WHERE ARE WE NOW
- LOW HANGING FRUITS
*
Entry
Into Force
Size of
Market
Size of
Economy ($)
Total
Trade ($)
ASEAN
1992
0.625 B
2.57 T
608 B
ACFTA (China)
2005
1.99 B
12.95 T
366.5 B
AKFTA (Korea)
2007
0.67 B
3.98 T
131.4 B
AJCEP (Japan)
2008
0.75 B
7.18 T
229.9 B
AANZFTA (Aus-Nzl)
2010
0.65 B
4.21 T
81 B
AIFTA (India)
2010
1.88 B
4.61 T
67.7 B
AHKFTA (Hong Kong)
Jul 2014*
0.63 B
2.89 T
99.3 B
RCEP
May 2013*
3.45 B
22.67 T
875.8 B
On-going negotiations
US$ 2.46 T
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WHERE ARE WE NOW
- UNFINISHED AGENDA
ELIMINATION OF NON-TARIFF BARRIERS
INTEGRATION OF SMES INTO
REGIONAL PRODUCTION NETWORKS
AND GLOBAL SUPPLY CHAIN
NARROWING
OF DEVELOPMENT GAPS
WITHIN AND BETWEEN
ASEAN MEMBER STATES
ENHANCEMENT AND DEVELOPMENT
OF EXISTING/NEW
INFRASTRUCTURE TO
SUPPORT SUSTAINABLE GROWTH
CONCLUSION
OF RCEP NEGOTIATIONS
TO SERVE AS A BUILDING BLOCK
TO REGION-WIDE FTA
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WHERE ARE WE NOW
– IMPACTS ON ASEAN ECONOMIC PERFORMANCE
THIRD LARGEST ECONOMY IN ASIA
SEVENTH LARGEST ECONOMY IN THE WORLD
622 MILLION PEOPLE (53% BELOW 30 YRS OLD)
2007
2014
GDP
US$ 1.33 T
US$ 2.57 T
GDP PER CAPITA
US$ 2,308
US$ 4,130
TRADE
US$ 1.61 T
US$ 2.53 T
INVESTMENT
US$ 85 B
(5% OF WORLD FDI)
US$ 136 B
(11% OF WORLD FDI)
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AEC BEYOND 2015
Stronger and renewed
emphasis on enhanced
connectivity and sectoral
cooperation
Good governance,
transparency and responsive
regulations
Global megatrends and
emerging trade-related
issues
Active engagement with
private sector and other
stakeholders
Grazie per l'attenzione