Title: ASEAN: Ten Nation Moving Forward As One
1ASEAN Ten Nation Moving Forward As One
- Jose Concepcion, Jr.
- Chair, ASEAN-BAC Philippines
- Chair, East Asia Business Council (EABC)
- Former Philippine Trade Industry Secretary
- Former President of the ASEAN Chambers of
Commerce and Industry
2INTRODUCTION
- After the World War II most of the developing
countries adopted the State-led development where
the state planned and managed economic
development, allocation of resources, production
of goods and services for public and private
consumption. - In mid 1980s many developing countries are
undertaking structural reforms aimed at
encouraging private sectors to play a greater
role in economic arena. Many economic policies
aimed to strengthen market forces and increase
competition
3- The Association of Southeast Asian Nations
(ASEAN) is the largest and oldest organization
of its kind in Asia, it was formed on August 8,
1967 by Indonesia, Malaysia, Philippines,
Singapore and Thailand, when the foreign
ministers of the five countries met at the Thai
Department of Foreign Affairs building in Bangkok
and signed the ASEAN Declaration, more commonly
known as the Bangkok Declaration - Its aims include the acceleration of economic
growth, social progress and cultural development
among its members, and the promotion of regional
peace and stability by abiding respect for
justice and the rule of law in the relationship
among countries in the region and adherence to
the principles of the United Nations Charter -
4- The regional bloc grew when another five Asian
Countries (Brunei, Cambodia, Laos, Myanmar and
Vietnam) joined - At the height of the global economic crisis, in
December 1997, the ASEAN leaders had spelled out
their vision of an integrated ASEAN economy in
the first two decades of the new century.
5- Economic cooperation and integration became the
key pillar of the entire regions future
development. - The need to move toward a stronger market-driven
and export oriented strategies has intensified. - The spheres of economic influence regionally and
globally are shifting. China is now expected to
become the worlds third largest economy. -
- Which make it imperative for Asian countries to
work together to forge effective and efficient
integrated regions that can take advantage of the
opportunities for increased cooperation.
6Nature of ASEAN as Regional Bloc
- The ASEAN leaders emphasize friendship,
understanding, consensus, and non-intervention to
promote regional peace and stability. - Consultations and consensus are the most enduring
features of ASEAN - The leaders emphasized that the successful
building of an ASEAN Community that is truly
people-oriented by 2015 requires the cooperation
and contribution of all sectors of ASEAN society
and the participation of ASEAN peoples in all
aspects of community-building -
7ASEAN Significant Milestone
- ASEAN Charter is a constitution for the ASEAN,
which will guide the construction of the ASEAN
Community - Roadmap for the ASEAN Community -
8From Economic Cooperation To Economic Integration
- The ASEAN Vision 2020 statement declared that
The ASEAN Economic Community shall establish
ASEAN as single market and production base - This the large evolution step that ASEAN has
taken as it now progressed to the most extensive
goal, the creation of a single market
9Economic Cooperation Economic Integration
is a preferential treatment that aims to reduce tariffs and commercial barriers among its member countries Removal of some measures that discriminates against foreign suppliers of goods and services. Economies of its member nation is completely integrated. Which means establishment of a single market
10ASEAN ECONOMIC COMMUNITY Strategic Schedule
- Single Market and Production Base
Free Flow of Goods
Free Flow of Services
Free Flow of Capital
Free Flow of Skilled Labor
Priority Sectors Integration
Food, Agriculture and Forestry
10
11- Competitive Economic Region
Competition Policy
Consumer Protection
Intellectual Property Rights
Infrastructure Development
Taxation
e-Commerce
11
12- Equitable Economic Development
SME Development
Initiative for ASEAN Integration (IAI)
12
13- Integration into the Global Economy
Coherent Approach towards External Economic
Relations
Enhanced Participation In global supply networks
13
14The ASEAN Challengesand Roadblocks
- Narrowing the development gap within the region
- Ensuring that the different Regional Trade
Agreement will be consistent with the ASEAN
Vision and will not have a spaghetti bowl
effect. - Lack of participation from the Civil Society
Organization CSOs could also provide important
insights, feedback to make ASEAN more people
oriented
15- The need to strengthen the Political and Social
Pillar of the ASEAN Community so we can create a
cohesive community, since ASEAN is composed of
countries with varying nature - Making the ASEAN concept meaningful to all the
citizens in the region, this must be understood
and embraced by all.
16ASEAN Prospects and Opportunities
- The Pan-Asian level, the diversities in the
levels of economic development and capabilities
are quite wide, thus, providing for more
extensive and mutually beneficial linkages. - The formation of an Asian Economic Community
(AEC) will also help the region to play a more
effective role in shaping a world trading and
financial system that is more responsive to its
needs.
17Taking the Next Big Step Forward
- Even with all the hype about economic
- development, through regional integration
- not all were able to achieve this goal.
- ASEAN with its diverse socio political and
economic milieu we have a goal top materialize,
and that is to create a single market for the
entire region.
18- For the ASEAN to take the next step up, and to be
regarded as the driving force of economic
integration, open regionalism should be taken
into account. - For ASEAN to truly become an engine of growth for
the entire region, each member countries must
also develop domestic market and upgrade - Regional economic integration is a necessary but
not sufficient, means for ASEAN to join the ranks
of fully develop economies.
19- We have to combine the international integration
with domestic integration and make use of the
human talent and investment capital to
materialize our goals - We must also embrace and grab the opportunities
that ASEAN Economic Community offers
20-
- Let us all join hands with determination to make
a commitment to penetrate global market and
create a dynamic, caring and outward looking
community. - THANK YOU !!!!!