ASEAN Economic Community and Trade Facilitation

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					   ASEAN Economic Community
      and Trade Facilitation

NEAT Working Group on Trade and Investment Facilitation
           China Foreign Affairs University
                   25 June 2010


                   Pitirat OSOTSAPA
             Trade and Facilitation Division
                   ASEAN Secretariat
                     OUTLINE

 ASEAN in the World: ASEAN in world trade, our
 trading partners, intra- and extra-ASEAN trade
 ASEAN Economic Community: ASEAN economic
 integration, what we are trying to achieve, what are
 the issues
 Trade Facilitation in ASEAN:     our current focus,
 what we aim to do, benefits to ASEAN and our trading
 partners and investors
 ASEAN Connectivity: upcoming agenda, improving
 physical and institutional linkages
 Conclusion
               1. ASEAN in the World
                             Share of World GDP




Source: AEC Chartbook 2009
                      ASEAN Economic Outlook
Real GDP Grow th (% annual change)
                   2009      2010
                  Actual   Low    High
Brunei Darussalam    -0.4   0.7     2.3
Cambodia              0.1   5.0     5.0
Indonesia             4.5   5.5     5.7
Lao PDR               7.6   7.5     7.5
Malaysia             -1.7   4.5     5.5
Myanmar             10.0   12.1   12.1
Philippines           0.9   2.6     3.6
Singapore            -2.0   4.5     6.5
Thailand             -2.3   4.0     5.0
Vietnam               5.3   6.5     6.5
ASEAN                 1.5   4.9     5.6
Source: ASEAN Surveillance Report, April 2010
       1. ASEAN in the World
      Trend of ASEAN Trade and top trading partners




Source: AEC Chartbook 2009
                 1. ASEAN in the World
                                Top traded products
             Top Exports                            Top Imports
1.    Electronic integrated               1.   Electronic integrated
      circuits & microassemblies               circuits & microassemblies
      (9%)                                     (9%)
2.    Petroleum products (7%)             2.   Petroleum products (9%)
3.    Automatic data processing           3.   Crude oil (7%)
      machines (5%)                       4.   Office machines parts and
4.    Crude oil (4%)                           accessories (3%)
5.    Petroleum gases and                 5.   Electric parts for telephony
      gaseous hydrocarbons (4%)                (2%)


     Source: ASEAN Trade Database 2009
           Why Integration?

• Recognise the need to not only build
  resilience to cushion ASEAN from the
  adverse impact of any internal and/or
  external shocks but also sustainable growth.

• Ensuring ASEAN Centrality      in   evolving
  regional architecture
             2. ASEAN Economic Community
                Declining CEPT tariff supports intra-ASEAN trade




Source: AEC Chartbook 2009
                                Ford in ASEAN
                                                        Vehicle and Parts Complementation
                               THAILAND        pick-up, SUV                              Vehicle
OUTSIDE ASEAN
                                               CKD, various parts                      Parts / CKD
                                                                                         Manufacturing
                                                                                         Parts supply

                                                          VIETNAM
                                                               cars, SUV, light
                                                              commercial vehicle
                                                                various parts




                                                                                     INDONESIA
        MALAYSIA
                                        PHILIPPINES
                                                                                       various parts
    various parts


                                 small SUVs, cars,
                               engines                               OUTSIDE ASEAN

                                 CKD, various parts
                Source: Ford
   2. ASEAN Economic Community

 ASEAN Economic Community Blueprint
 Creation of AEC by 2015
     - single market and production base
     - competitive economic region
     - equitable economic development
     - integrated into the global economy
 Single Market and Production Base
    - goods, services, skilled labor, capital
    - trade liberalization and facilitation
    - ATIGA, AFAS, ACIA
                                      ASEAN ECONOMIC COMMUNITY

SINGLE MARKET AND                               COMPETITIVE
 PRODUCTION BASE                                                   EQUITABLE
                                                 ECONOMIC                                          Integration into the
                                                                    ECONOMIC
                                                  REGION                                            Global Economy
                                                                  DEVELOPMENT
 Free flow of goods

                                                                 SME development                        Coherent
                                          Competition policy                                       Approach towards
    Free flow of                                                                                   External Economic
     services                                                                                          Relations
                                                                   Initiative for
                                                 Consumer
                                                                 ASEAN Integration
                                                 Protection
    Free flow of                                                        (IAI)                              Enhanced
    investment                                                                                          participation in
                                              Intellectual                                               global supply
                                            Property Rights                                                networks
    Freer flow of
       capital
                                                Infrastructure
                                                 development

 Free flow of skilled
        labor
                                                  Taxation

 Priority Integration
       Sectors
                                                e-Commerce


Food, Agriculture and
      Forestry



                   Human Resource Development                                Research and Development
      2. ASEAN Economic Community
                 Single Market and Production Base

      ASEAN Trade in Goods Agreement (ATIGA)
   Free flow of goods: tariff liberalization, non-tariff
    barriers (NTBs) elimination, rules of origin, trade
    facilitation, customs, standards and conformance, and
    sanitary and phytosanitary measures.
   Consolidates and streamline various provisions on
    trade in goods into a single reference document
   Full tariff reduction schedule to 2015 for each ASEAN
    Member State, spelling out the tariff rates to be applied
    for each year over the next 5 years
            3. Trade Facilitation
 Focus of ASEAN economic integration
 Guided by the ATIGA:
       - relevant chapters
       - Trade Facilitation Work Programme
       - Trade Facilitation Framework and Indicators
 Priority areas are:
       - Elimination of Non-Tariff Barriers
       - Customs
       - Standards and conformance
       - Transparency
                  3. Trade Facilitation

1.   ASEAN Trade Facilitation questionnaire
     - to assess the export/import conditions on the ground
      - opportunity for economic operators to highlight
        issues of importance
2. ASEAN Trade Repository (ATR)
    - there is currently no single website where trade
      information and regulations of all ASEAN Member states
      can be found
    - ATR to fully address this issue by 2015
    - tariff rates and code, rules of origin, technical regulations etc.
              3. Trade Facilitation
3. Rules of origin
     - Original ASEAN ROOs: RVC 40%
     - Today: RVC 40% or Change in Tariff Classification
     - Co-equal methods: wider options for traders to
       comply

4. ASEAN Single Window
    - a common platform for regulatory agencies
     - save time for exporters
     - still in early stage of development
         4. ASEAN CONNECTIVITY

 A holistic way of looking at inter-linkages in ASEAN
 Development of an ASEAN Master Plan on
  Connectivity
 Report to be finalised by October 2010:
    - Physical Connectivity
    - Institutional Connectivity
    - People-to-people Connectivity
4. ASEAN CONNECTIVITY

                             Transport
          Maritime Transport Services
          Adoption of Roadmap towards an Integrated
             and Competitive Maritime Transport in ASEAN
            Air Freight Services
            ASEAN Multilateral Agreement on the Full
             Liberalisation of Air Freight Services and the
             ASEAN Multilateral Agreement on Air Services
            ASEAN Open Sky Policy
            Transport Facilitation
            ASEAN Framework Agreement on the
             Facilitation of Inter-State Transport
            Roadmap for Integration of Logistics Services
             Sector
                Conclusions

 ASEAN economic integration continues: AEC
 Single market and production base

 Focus on trade facilitation
 Benefits to investors and traders

 ASEAN centrality in evolving regional architecture
THANK YOU!


   One Vision
   One Identity
   One
   Community
                                  STARBUCKS in ASEAN


                                                       90 stores

               133 stores




             117 stores


                      65 stores

                                  76 stores




Source: Starbucks website
      Foreign Direct Investors in 2008

           British Virgin
               Islands
                1.8%
Taiwan (ROC)
     2.4%                           Others
           China                    26.3%
Republic of 2.7%
  Korea
   2.8%
      Bermuda
        2.3%
                                             European Union
     USA                                         22.7%
     4.6%

 Cayman Island
     5.9%                   Japan        ASEAN
                            11.5%         17.1%



    Source: ASEAN Secretariat Database

				
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