asean economic community
TRANSCRIPT
ASEAN ECONOMIC COMMUNITY(AEC): OPPORTUNITIES &
CHALLENGES
Ministry of International Trade and Industry, Malaysia11 November 2015 1
Driving Transformation, Powering Growth 2
This is ASEAN’s time. And that is why it is essential that we continue with the measures to establish the ASEAN Economic Community (AEC) – ASEAN Summit, KL, 27 April 2015.
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CONFLICTS: Indonesia-Malaysia (Confrontation 1962-66) Philippines-Malaysia (over Sabah) Singapore secession from Malaysia Mindanao, Southern Thailand (ASA – Malaya, Thailand and the Philippines - 31 July
1961 ) and MAPHILINDO (Indonesia, Philippines and Malaysia-Realization of Dr Jose Rizal Vision -1963)
COMMUNISM: Cold War, arms race, proxy wars Indochina War: Vietnam, Laos, Cambodia (1955-1975) Burma: 1962
FAKTOR PENUBUHAN ASEANFAKTOR PENUBUHAN ASEAN
POOR AND LOW- LEVEL OF ECONOMIC DEVELOPMENT
Tun Abdul Razak (Malaysia)Adam Malik
(Indonesia)
Narciso R. Ramos (Filipina)
S. Rajaratnam (Singapura)
Thanat Khoman (Thailand)
Founding fathers of ASEAN
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Bangkok Declaration 1967 “Representin g the collectiv e will of the na
tions of South east Asia to bi
nd themselves together in fri
endship and c ooperation an
d, through join t efforts and s
acrifices, secu re for their pe
oples and for p osterity the bl essings of pea
ce, freedom a nd prosperity”
Keahlian ASEAN Selain Negara Pengasas
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ASEAN – at a glancePopulation 625 million
- Youth 60%
GDP USD2,398 billion
GDP Growth 4.4%
GDP per capita USD3,837
Total Trade USD2.53 trllion
- Intra-ASEAN USD608 billion
- Ratio to GDP 104.7%
Total FDI USD136 billion
- Intra-ASEAN USD23 billion
Tourist Arrivals 102 million
- Intra-ASEAN 45 %
Driving Transformation, Powering Growth 6
ASEAN Community – 3 Pillars• 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 Identity7Driving Transformation,
Powering Growth
AEC JOURNEY
AEC 2015
Peace, solidarity, stability and harmony Commendable rates of economic growth Reduction in development gaps Improving the well-being & quality of life,
poverty reduction Strengthening regional cooperation &
collaboration Gaining global recognition as a dynamic
regional groupingDriving Transformation, Powering Growth 8
SKOP AEC 2015
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10Driving Transformation, Powering Growth
OTHER AREAS OF AEC 2015 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.
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.
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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
On-Going Efforts
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RASIONAL AEC
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PENCAPAIAN AEC SEJAK 2007?
BaranganTarif Penghapusan Fasilitasi Perdagangan
(Pengurangan NTB , Mudah)
PerkhidmatanLiberalisasi 128 subsektor perkhidmatan ;
ekuiti asing sehingga 100%
PelaburanPeningkatan pelaburan yang lebih baik ; ACIA memperuntukkan liberalisasi , perlindungan ,
kemudahan dan promosi
Mobiliti KemahiranMRA di 8 profesion - Perubatan , Pembinaan dan
Pelancongan sektor
Sistem Kewangan Bersepadu
Perkhidmatan kewangan yang lebih liberal , rejim akaun modal dan pasaran saling berkaitan modal
ASEAN BersepaduInfrastruktur fizikal; Liberalisasi perkhidmatan
penerbangan penumpang dan kargo - Dasar Langit Terbuka dan Pasar Penerbangan Tunggal ASEAN
Perhubungan Global ASEAN
FTA dengan rakan-rakan Dialog
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ASEAN FTAsAFTA ACFTA AKFTA AJCEP AIFTA AANZFTA
Entry Into Force 1993 2005 2007 2008 2010 2010
Market Size(Mil.)
625 1,989 672 749 1,881 650
Economic Size (US$ tri.)
2.5 12.8 3.9 7.1 4.5 4.1
Coverage GoodsServices
InvestmentDSM
GoodsServices
InvestmentDSM
GoodsServices
InvestmentDSM
GoodsServices
InvestmentDSM
GoodsServices
InvestmentDSM
GoodsServices
InvestmentDSM, MNP
E-CommerceIPR
CompetitionEcon Coop
Regional Comprehensive Economic Partnership Agreement (RCEP)
ASEAN – Hong Kong FTA
ON-GOING FTAs NEGOTIATIONS > 3 billion people (almost 50% of global population)
RCEP economies combined GDP > USD17 trillion
RCEP economies > 40% world trade
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MALAYSIA AND AEC Market: 30 million vs 625 million.
27% of Malaysia’s global trade (RM374.7 billion - 2013) is with ASEAN.
FDI inflows from ASEAN into Malaysia: USD6.2 billion (2013).
FDI flows from Malaysia into ASEAN: USD5.8 billion (2013).
Employment opportunities for Malaysians, especially for engineers, technicians, financial analyst, accountants and in other specialized skills, as ASEAN companies expand into Malaysia and vice-versa.
Regional base for Malaysian companies and SMEs.
Investments from 3rd countries using Malaysia as a base.
PKS MALAYSIA DI ASEAN
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SYARIKAT-SYARIKAT MALAYSIA DI ASEAN
Driving Transformation, Powering Growth
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SYARIKAT-SYARIKAT ASEAN DI MALAYSIA
Driving Transformation, Powering Growth
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SYARIKAT-SYARIKAT MULTINASIONAL ASING
Driving Transformation, Powering Growth
MALAYSIAN NETWORKS ( > 1,000 MALAYSIAN COMPANIES IN ASEAN)
Driving Transformation, Powering Growth 22
Malaysia-Myanmar Business Council
Malaysia-Thai Chamber of Commerce
Malaysia-Singapore Business Council
Malaysia-Indonesia Business Council
Malaysia Business Council Cambodia
Malaysia-Philippines Business Council
Malaysia Business Chamber Viet Nam
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AEC 2015: NOT A NEW INITIATIVE AEC is not a new initiative. Liberalization in the context of AEC involves:o Elimination of import duties for intra-ASEAN trade;o Removal of equity restrictions on services and investments
in ASEAN;o Removal of other forms of impediments, such as limiting the
number of services providers, etc.;o Facilitation of intra-ASEAN trade and investment by
removing cumbersome procedures, rules and regulations; and
o Facilitating the mobility of skilled people. The main goal is to remove, to the maximum extent
possible, barriers within the region to facilitate trade and economic activities.
VISI EKONOMI ASEAN PASCA 2015
• Integrasi ekonomi ASEAN diteruskan melalui Visi Ekonomi ASEAN Pasca 2015 yang merangkumi fokus berikut:
– Integrated and Highly Cohesive Economy;– Competitive, Innovative and Dynamic ASEAN;– Resilient, Inclusive and People Centered ASEAN;– Enhanced Sectoral Integration and Cooperation; and– Global ASEAN.
• Visi Ekonomi ASEAN Pasca 2015 akan turut meliputi tindakan-tindakan di bawah Komuniti Ekonomi ASEAN 2015 yang masih belum dicapai.
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Driving Transformation, Powering Growth 25
KEY TAKEAWAYS ON AECOPPORTUNITIES ARE CREATED CHALLENGES TO
OVERCOMERISK TO BE
UNDERSTOOD Strategic
location and ASEAN centrality
Huge market potential combined with China, India and Japan
Hub of FTAs and future transformational trade agreements such as TPP and RCEP
Manufacturing connectivity and technological links with Northeast Asia
Potential hub for education, health, tourism, R&D, logistics and financial services
Growing competitive ASEAN market
Non tariff barriers rising
Rules based ASEAN community not in place
Development gaps: income, human capital, institutions, infrastructure, good governance, regulatory coherence
Lack of ratification and implementation of ASEAN Agreements
Inadequate private sector engagement
Incomplete achievement of AEC
Vulnerability to external economic shocks
Territorial disputes & regional tensions
Rise of China and India as economic powerhouses
Terima kasih
Block 10, Government Offices Complex, Jalan Tunku Abdul Halim, 50622 Kuala Lumpur, Malaysia
Tel: 603-8000 8000 | Fax: 603-6201 2337Email: [email protected] | Website: www.miti.gov.my