asian economic community
TRANSCRIPT
International Economic Topic: ASEAN ECONOMIC COMMUNITY
Group
Content 6. Effective competition policy
7. Consumer protection
8. Taxation cooperation
9. Good Governance
10. Enhanced connectivity and Sectorial cooperation
1. What is AEC?
2. How to Achieve?
3. Object of AEC
4. Strategic Action and Development
Agenda of the 2015 ASEAN Integration AEC
5. A competitive, innovative and Dynamic ASEAN
ASEAN established August 8, 196710 members Aims to establish ASEAN Community by 2015
What is ASEAN Economic Community?
DefinitionFree flow of goods, services, investment and movement
of business persons
How to achieve ?
Objectives of AEC
AEC Blueprint
Single market
and productio
n base
Competitive
economic region
Equitable economic developm
ent
Integration into the
global economy
Strategic Action and Development Agenda of the 2015 ASEAN Integration ASEAN Economic Community (AEC) A. A Single Market and Production Base : 1) Free Flow of Goods; 2) Free Flow of Service; 3) Free Flow Investment ; 4) Free Flow of Capital ; 5) Free Flow of labor
B. A Highly Competitive Economic Region 1) Policy Competition; 2) Consumer Protection; 3) Intellectual Property Rights; 3) Infrastructure Development; 4) ICT Development ; 5) Energy Cooperation ; 6) Mining Development ; 7) Financing of Infrastructure 8) Taxation; 9) E-commerce; 10) Mitigating Green House Emission
C. A Region of Equitable Economic Development (SME) D. A Region Fully Integrated into the Global Economy
A competitive, innovative and Dynamic ASEAN
(i) engendering a level playing for all firms through effective
competition policy;
(ii) fostering the creation and protection of knowledge;
(iii) deepening ASEAN participation in GVCs
(iv) strengthening related regulatory frameworks
Effective competition policy
Competition need to be operational and effective
Strategies:
1. Establish Competition and Implement national competition law
2. Strengthen capacities of competition-related agencies by establishing and implementing institutional mechanisms
3. Promote “competition-aware”
4. Establish Regional Cooperation Arrangements on competition policy and law by establishing competition enforcement cooperation agreements to effectively deal with cross-border commercial transactions
5. developing a regional strategy on convergence;
6. Ensure alignment of competition policy chapters that are negotiated by ASEAN
7. Continue to enhance competition policy and law in ASEAN taking into consideration international best practices.
Consumer protection
The right of access: adequate informationeffective redressproducts and services that meet standard and safety requirements.
Protecting and promoting the interests of consumers:Increased cross-border tradeUse e-CommerceNew trading methods
Strengthening intellectual property rights cooperation
Strengthen IP offices and build IP Infrastructure
Develop regional IP platforms and infrastructure
Expand the ASEAN IP Ecosystem
Enhance regional mechanisms to promote asset creation and commercialization
Productivity-Driven Growth, innovation, research and Development, and technology commercialization
Labour productivity and total factor productivity, in turn, are determined by efficiency in the use of inputs, and advancement of knowledge, innovation and technological progress.
Taxation cooperation
Tax cooperation serves as one of the key elements to support regional competitiveness in ASEAN
Bilateral tax agreements
Improve the implementation of exchange of information in accordance with international standards;
Discuss measures to address the issue of base erosion and profit shifting to ensure fiscal health;
Explore the possibility of global taxpayers’ identication
Excise taxation and information sharing among ASEAN Member States on common excisable products.
Good Governance
ASEAN recognizes the need to continue engaging the various stakeholders to build a more dynamic AEC 2025.
Strategic measures include the following: Promote a more responsive ASEAN by strengthening governance through
greater transparency in the public sector and in engaging with the private sector; and
Enhance engagement with the private sector as well as other stakeholders to improve the transparency and synergies of government policies and business actions across industries and sectors in the ASEAN region.
Effective, Efficient Coherent and Responsive Regulations, and Good regulatory practice
The regulations are: non-discriminatory, pro-competitive, effective, coherent
enabling of entrepreneurship
the regulatory regime responsive
accountable whereby GRP is embedded
Sustainable Economic Development
Protection of the environment and natural resources supports economic growth
Promote green development (clean energy)
National Energy plans
Global megatrends and Emerging trade-related issues
Workers
Industrial development
Sharing responsibility
International production, trade, services and investment
Enhanced connectivity and Sectorial cooperation
TransportationInformation and Communication E-commerceFood, Agriculture and ForestryTourismHealthcare
TransportationGreater
1. Connectivity
2. Efficiency
3. Integration
4. Safety
5. Sustainability
TransportationLand Transport
Air Transport
Maritime Transport
Transport facilitation
Information and Communication Technology (ICT)
Key Driver in ASEAN’s economic and social transformation
Strong ICT can promote business environment to attracting and promoting trade investment and entrepreneurship
E-commerceGlobal Electronic Commerce
Not only in cross border but also in facilitaing foreign investment
Food, Agriculture and ForestryFAF
Goal “Competitive, inclusive, resilient and sustainable FAF sector integrated with the global economy, based on a single market and production base, contributing to food and nutrition security, and prosperity in the ASEAN Community,”
Ensuring Food Safety, Food Security, Better Nutrition, Access to Global Market and resilience climate change
Tourism
HealthcareRegional Demand
1. Affordable
2. Quality healthcare
3. Traditional knowledge
4. Medicine