aec: the national agenda
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AEC: The National Agenda. Mrs. Srirat Rastapana Director-General, Department of Trade Negotiations Ministry of Commerce. AEC Breakthrough: Opportunities and Challenges 2015 29 June 2012, Assumption University. CAMBODIA. ASEAN ( A ssociation of S outh E ast A sian N ations). 1997. - PowerPoint PPT PresentationTRANSCRIPT
AEC: The National Agenda
Mrs. Srirat RastapanaDirector-General,
Department of Trade NegotiationsMinistry of Commerce
AEC Breakthrough: Opportunities and Challenges 201529 June 2012, Assumption University
CAMBODIA
ASEAN (Association of South East Asian Nations)
1997
1997
1967
1967
1967
1967
19671995
19841999
ASEAN Economic Community
(AEC)
ASEAN Socio-Cultural
Community (ASCC)
ASEAN Political-Security
Community(ASC)
ASEAN CommunityASEAN Community in 2015in 2015
……. Towards ASEAN Economic . Towards ASEAN Economic CommunityCommunity AEC
One Vision,
One Identity,
One Community
In November 2007, ASEAN Leaders signed the“ASEAN Charter”and “Declaration on the AEC Blueprint” to reaffirm the commitments towards the AEC by 2015.
In 2007, ASEAN Economic Ministers signed and approved the AEC Blueprint as an Integrated plan towards the AEC.
In 2007, ASEAN Leaders signed Cebu Declaration on the Acceleration of the Establishment of an ASEAN Community by 2015.
In 2003, ASEAN Leaders signed Bali Concord II, declaring that “An ASEAN Community” shall be established by 2020.
Towards.......ASEAN Economic Community (AEC)ASEAN Economic Community (AEC)
1. A Single Market and Production Base 1. A Single Market and Production BaseFree flows of goodsFree flows of goodsFree flows of servicesFree flows of servicesFree flows of investmentFree flows of investment
Free flows of skilled laborsFree flows of skilled labors
Freer flows of capitalFreer flows of capital
AEC
ASEAN Economic Community: AEC
2. A Highly Competitive Economic Region 2. A Highly Competitive Economic Regione-ASEAN (e-commerce)e-ASEAN (e-commerce)TaxationTaxation
Intellectual Property RightsIntellectual Property RightsCompetition PolicyCompetition Policy
Infrastructure DevelopmentInfrastructure DevelopmentConsumer ProtectionConsumer Protection
3. A Region of Equitable Eco. Development 3. A Region of Equitable Eco. Development
Development of SMEsDevelopment of SMEs
Narrowing Development GapNarrowing Development Gap
4. A Region fully integrated into Global 4. A Region fully integrated into Global Arrangement of FTAs with non-ASEANArrangement of FTAs with non-ASEANInvolvement in global supply chainInvolvement in global supply chain
Year2015
ASEAN Free Trade Area(AFTA) ASEAN Trade in Goods Agreement (ATIGA)
Implemented in 1993, eliminating all tariffs in 2010 (ASEAN-6) and 2015 (CLMV)
ASEAN Framework Agreement on Services(AFAS)Implemented in 1995, gradually liberalization until 2015
ASEAN Investment Area(AIA) ASEAN Comprehensive Investment Agreement (ACIA)Implement in 1998, covering liberalization, protection, and promotion of investment
Development of Economic Cooperation in ASEANDevelopment of Economic Cooperation in ASEAN
GoodsGoods
ServicesServices
InvestmentInvestment
Agriculture, Forestry, Food Security, Industry, IPR, Infrastructure, ICT (e-ASEAN), Consumer Protection, Competition Policy, etc.
CooperationCooperation
Liberalization
Economic Cooperation
Establishment of ASEAN in Establishment of ASEAN in 19671967
Combined 10 markets into one0% import tariffs/elimination of all barriers to trade
Free flows of Services
What will happen in AEC in 2015 ……..
Free flows of Investment
Free flows of skilled labor
Goods
Services
Investment
Skilled Labor
Freer flows of capitalCapital
Year 2010Year 2010Year 1992Year 1992
Thailand’s major import markets (Year 1992 vs 2010)Thailand’s major import markets (Year 1992 vs 2010)
•Total imports 40,615.8 million US$
•Total imports of 182,406.5 million US$
12
ASEAN16.6%
Thailand & ASEANThailand & ASEAN
Note1.AFTA was established in 1992 and started implementing in 1993.2.Import tariffs of ASEAN 6 were 0% since 1 Jan.2010.
Potentials of Thailand in ASEAN Potentials of Thailand in ASEAN
Country
Population
(thousand )
CountryGDP(US$ mil.)
CountryGDP per Capita (US$)
Country
Total Trade(US$ mil.)
1. Indonesia 234,181 1. Indonesia 708,032 1.Singapore 43,929 1. Singapore 699,273
2. Vietnam 86,930 2. Thailand 318,709 2. Brunei 28,830 2. Thailand 377,719
3. Thailand 67,312 3. Malaysia 238,849 3. Malaysia 8,262 3 . Malaysia 364,531
4. Philippines 60,163 4. Singapore 223,015 4. Thailand 4,735 4. Indonesia 293,442
5. Myanmar 60,163 5. Philippines 189,326 5. Philippines 3,149 5. Vietnam 156,993
6. Malaysia 28,909 6. Vietnam 107,650 6. Indonesia 3,023 6. Philippines
109,660
7. Cambodia 15,269 7. Myanmar 35,646 7. Vietnam 1,238 7. Brunei 11,952
8. Laos 6,230 8. Brunei 11,952 8. Laos 1,045 8. Myanmar 11,798
9. Singapore 5,077 9. Cambodia 11,168 9. Cambodia 731 9. Cambodia 10,480
10. Brunei 415 10. Laos 6,508 10. Myanmar 592 10. Laos 6,938
Source : ASEAN Secretariat, 2010
Potentials of Thailand in ASEAN Potentials of Thailand in ASEAN ((cont’cont’))
Country
FDI inflow
(ml. US$)
Country
Change in FDI inflow
(%)
Country
Tourist Arrival
(thousand)
Country
Change in
tourist arrival
(%)
1.Singapore 35,520 1. Malaysia 525.8 1. Malaysia 24,577 1 . Vietnam 33.9
2. Indonesia 12,737 2. Indonesia 161.2 2. Thailand 15,936 2 . Laos 25.1
3. Malaysia 8,643 3. Singapore 132.5 3. Singapore 10,511 3 . Cambodia 16.0
4. Vietnam 8,000 4. Brunei 70.3 4. Vietnam 5,050 4 . Thailand 12.6
5. Thailand 5,778 5. Cambodia 45.2 5. Vietnam 4,735 5 . Indonesia 10.7
6. Philippines 1,713 6. Thailand 16.1 6. Philippines 3,292 6 .Philippines
9.1
7. Cambodia 783 7. Vietnam 5.3 7. Laos 2,513 7 . Singapore 8.6
8. Brunei 629 8. Laos (12.5) 8. Cambodia 2,508 8 . Malaysia 3.9
9. Myanmar 579 9. Philippines (12.7) 9. Myanmar 792 9 . Myanmar 3.8
10. Laos 279 10. Myanmar (40.7) 10. Brunei 112 10 . Brunei (29.2)
Source : ASEAN Secretariat, 2010
---- AEC: The National Agenda -------- AEC: The National Agenda ----
Building blocs in the world
US14 FTAs – 20 countries ; SG, NAFTA, AUS, Central –South America, ROK, Columbia, PanamaNego - 4 countries ; TPP (BR, ML, VN, NZ)
NAFTA NAFTA
ANDEANANDEAN
EU FTAs – 28 countries ; ROK, EFTA, MX , Middle East, Nego – 23 countries ; SG, ML, India, China
China 10 FTAs – 22 countries ; SG, NZ, Chile, Peru, HKNego – 18 countries ; AUS, GCC, SACU
Japan 13 FTAs – 16 countries ; India, ASEAN (except CLM)Nego – 8 countries ; ROK, AUS, GCC
South Korea 8 FTAs – 44 countries ; SG, India, EU, US, EFTANego – 39 countries ; AUS, NZ, GCC
New Zealand8 FTAs – 12 countries ; SG, TH, ML, China, AUSNego – 9 countries ; ROK, India, US, GCC
Australia6 FTAs – 13 countries ; SG, TH, NZ, US, ChileNego – 13 countries ; ROK, China, Japan, India, GCC
India 6 FTAs - 16 countries ; SG, TH, ML, Sri Lanka, ROKNego – 55 countries ; China, Japan, EU, EFTA, GCC
BIMSTEC BIMSTEC
APECAPECGCC GCC
EFTA EFTA
TPP Trans-Pacific Strategic Economic Partnership
(US, AUS, NZ, Chile, Peru, SG, ML, BR, VN)
BRICS (Brazil, Russia,
India, China, South Africa)
US$ 33,173 Mil.(8.8%)
Thailand’s trade with selected trade partners
US$ 72,916 Mil.(19.3%)
US$ 138,883 Mil.(36.7%)
US$ 74,696 Mil.(19.7%)
China, Japan, Korea,India,Australia, New ZealandASEAN
9 MemberAEC
85%In 2011, share in total trade
accounted for 320 US$ bn
Integration into the global economyIntegration into the global economySource: Asian Development Bank
AEC
ACFTAChina
AJCEP
Japan
AKFTA
Korea
AIFTA
India
Goods : signed 29 Nov 04, effective on 1 Jan 05
Service : signed 14 Jan 07, effective on 1 Aug 07
Investment : signed 15 Aug 09, effective April 10
Goods/Service/Investment : Thailand signed 11 April 08
For Thailand, effective on 2 Jun 09
Goods : Other ASEAN members signed on 28 Aug 06.
Service : Other ASEAN members signed on 21 Nov 07.
(Thailand : Service signed on 27 Feb 09, effective on 1 Jun 09 Goods: signed on 27 Feb 09, effective on 1
Aug 09) Investment : all members signed on 2 Jun 09,
effective on 31Oct 09
Goods/Service/Investment : signed 26 Feb 09
Effective on 1 Jan 10 (Thailand ratified the Agreement on 12 Mar 10.)
New Zealand
Australia
AANZFTA
Goods : signed 13 Aug 09, effective on 1 Jan 10
Service/Investment : under negotiation
5 FTAs b/w ASEAN and Dialogue Partners5 FTAs b/w ASEAN and Dialogue Partners – – At PresentAt Present
ASEAN-Australia- New Zealand FTA
ASEAN-Korea FTA
ASEAN-Japan CEP
ASEAN-Canada
ASEAN-China FTA
ASEAN-Russia
ASEAN-EU FTA
ASEAN-Pakistan
ASEAN-India FTA
ASEAN-US TIFA
Global Engagement is KeyGlobal Engagement is Key
RCEP
Next Station >> RCEP
International Trade and Investment International Trade and Investment StrategiesStrategies Strategy 1Strategy 1: Internationalization of Thai Business: Internationalization of Thai Business
The National Agenda: The National Agenda: New Age of Thai Economy in AECNew Age of Thai Economy in AEC
Strategy 2Strategy 2: Strengthening of domestic economy through the : Strengthening of domestic economy through the dynamics dynamics of global economy of global economy
1. Moving forward the new standardization / upgrading standards of goods and services / supporting MRAs arrangements
2. Identifying proactive strategies for the trade-integrated sectors, with a focus on core competitiveness
3. Undertaking strategic plan for the development and support of sectoral service businesses, that is in relation to the National Economic and Social Development Plan
4. Developing fundamental elements enhancing Thailand’s competitiveness.
•
Strategy 3Strategy 3: :
Communication among related sectors &Communication among related sectors &Establishment of effective mechanism moving forward Establishment of effective mechanism moving forward integrated-manner policiesintegrated-manner policies
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