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ASEAN: Ten Nation Moving Forward As One

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ASEAN: Ten Nation Moving Forward As One Jose Concepcion, Jr. Chair, ASEAN-BAC Philippines Chair, East Asia Business Council (EABC) Former Philippine Trade & Industry ... – PowerPoint PPT presentation

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Title: ASEAN: Ten Nation Moving Forward As One


1
ASEAN 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

2
INTRODUCTION
  • 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.

6
Nature 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

7
ASEAN Significant Milestone
  • ASEAN Charter is a constitution for the ASEAN,
    which will guide the construction of the ASEAN
    Community
  • Roadmap for the ASEAN Community -

8
From 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

9
Economic 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
10
ASEAN 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
14
The 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.

16
ASEAN 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.

17
Taking 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 !!!!!
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