February 1, Press Club Brussels Europe

Similar documents
H.E. Ms. Mariam M.D. Salleh Ambassador of Malaysia to the World Trade Organization

Shankaran Nambiar. Senior Research Fellow. Malaysian Institute of Economic Research. Malaysian Institute of Economic Research

ASEAN Integration in Trade in Services. Tan Tai Hiong ASEAN Secretariat ASEAN Services Forum June 2015, ASEAN Secretariat Jakarta, Indonesia

University of Miskolc

Critical Issues on Investment Law Harmonization within ASEAN

ASEAN. Perspective. Bangkok Bank

Investment and Integration: The Case of AEC

This Webcast Will Begin Shortly. Thank You!

Thailand as the Gateway to ASEAN Bonggot Anuroj Executive Director, Investment Marketing Bureau Thailand Board of Investment

ASEAN, Aiming to Create an Economic Community (AEC)

charting ProgrESS towards regional EcoNomic integration ASEAN ECONOMIC COMMuNITY SCORECARD

Co-operation in IPR: Perspectives from ASEAN

Maritime Silk Road Institute, Huaqiao University XU Pei-yuan

The ASEAN Economic Community 2015

By: Ms. Nor Ashikin Johari Ministry of Foreign Affairs & Trade Brunei Darussalam

Investment Policy Liberalization and Cooperation in ASEAN: Thailand s View

Investment Opportunities in Thailand

EU Trade Policy and CETA

Thailand and TPP 30 November 2012 Apiradi Tantraporn, Executive Chairperson The International Institute for Asia Pacific Studies (INSAPS), Bangkok

Harnessing Globalisation to Build a Better World for the Benefit of All. Yose Rizal Damuri Centre for Strategic and International Studies

Economic Integration in South East Asia and the Impact on the EU

WTO/ESCAP Regional Seminar on the WTO and Regional Trade Agreements for Asian Economies July 2011, Bangkok, Thailand

Session 3: ATIGA and Rules of Origin

Outline. Laos in Brief. Battery of Asia and Land-Linked. Investment Support in Lao for investors

Role of PTAs for Promoting MSMEs Integration in GVCs

ASEAN Economic Community: Effects and Challenges The Perspective of FDI

November 2014 Getting together the ASEAN Economic Community

Reforming the IIA System: Investment Arbitration in Asia-Pacific and ASEAN

Japan s New Trade Policy in Asia-Pacific

Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy*

July 12, 2013 Hanoi,Vietnam

ASEAN Framework Agreement on Services (AFAS), 38

TPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements

WELCOME REMARKS BY H.E

ASEAN-India Network of Think-Tanks (AINTT) Workshop

Beyond Bali: prospects for multi- and plurilateral trade negotiations. by György Csáki Szent István University, Gödöllő - HUNGARY

Why do we need RCEP? Lili Yan Ing. The Establishment of the AEC and RCEP: Challenges and Opportunities Taipei, 29 July 2015

Introduction. Mr. President,

ASEAN Regionalization. Professor Dr. Lawan Thanadsillapakul Kyushu University

GASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT. Richard Cant-North American Director October 12 th, 2015

Taking ASEAN+1 FTAs towards the RCEP

Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA)

Legal and Institutional Framework for Open Regionalism: a case study of ASEAN Prof. Dr. Lawan Thanadsillapakul

IN COOPERATION WITH: 2014 ASEAN Business Outlook Survey

Parallel Session 6: Economic reforms and opening in LDCs

Free Trade Agreements in Asia: A Progress Report

MITBA CEO s Conference ASEAN Economic Community (AEC): Riding the Tsunami of Change JUNE 2015

Japan s FTA Strategy. August 7, Shujiro URATA Waseda University

Current Status and Challenges. May 14, Shujiro URATA Waseda University

Singapore 17 AUG 2012.

Emeritus Professor Dr Zakariah Abdul Rashid. Executive Director Malaysian Institute of Economic Research

How Does the AEC Matter? Dialogue on Trade and Investment Coherence: Enabling Thai SMEs for AEC January 2013 Bangkok, Thailand

Doing Business in Thailand Overview of the AEC

Cross Border Cooperation :

LAO PDR in ASEAN and the global economy

29 July 2013, Jakarta 1

10 th Sadli Lecture. Services Sector as a Driver of Change: Indonesia s Experience in the ASEAN Contect

Private Equity and Institutional Investors: Risks and Opportunities in Cambodia and Lao PDR IPBA, Manila March 2018

INDEX. Note: Page number followed by n refer to endnotes

ASEAN Bankers Association

Sri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy)

PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION

"Regional Environmental Cooperation in ASEAN: Present and Future Prospects"

UNLOCKING ICT Liberalization of Services: Thailand Experience

THE OBLIGATIONS OF MEMBERSHIP MYANMAR IN ASEAN

Japan, the US and TPP-11: Where do we go from here?

Enhancing Market Openness in Indonesia. Molly Lesher, OECD Trade and Agriculture Directorate

Association of Southeast Asian Nations. one vision one identity one community. Brunei Darussalam Cambodia Indonesia Lao PDR Malaysia

ASEAN Snapshot. Special Coverage On Tourism May 2018 ASEAN ESTABLISHMENT ASEAN ECONOMIC PERFORMANCE ASEAN COUNTRIES DECLARED INDEPENDENCE

Learning from the ASEAN+1 Model and the ACIA. Nanda Nurridzki University of Indonesia, and Consultant, The World Bank, Indonesia

BRIEFING ON The TRANS-PACIFIC PARTNERSHIP AGREEMENT (TPPA)

INTRODUCTION. promotion of intra-asean trade and industrial linkages, specialisation and economies of scale; and

The Impact of Trade Facilitation on ASEAN Intra-Regional Trade

Parallel Session 7: Regional integration

The Relative Significance of EPAs in Asia-Pacific

RCEP: PROGRESS, CHALLENGES & OUTLOOK

The AEC and Taiwan-Indonesia Economic Partnership: A Taiwan Business perspective

Chapter 3 Building the ASEAN Economic Community: Progression and Progress

ASEAN Law Association 12 th General Assembly Workshop

FINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC

CARS 21 WG 2 TRADE AND INTERNATIONAL HARMONISATION - TRADE ISSUES - MEETING 14 FEBRUARY 2011

ASEAN ECONOMIC COMMUNITY: OPPORTUNITIES AND CHALLENGES FOR INSURERS

Trans-Pacific Partnership

The Next-Generation Interactive APEC Tariff Database

Japan-ASEAN Comprehensive Economic Partnership

Lao PDR s Joining ASEAN Economic Communities by and after 2015: Opportunities and Challenges

ASEAN Financial Integration towards ASEAN 2025:

Event 1. Module 2. The Converging Strands Between Trade and Investment Session Two: The mega regionals, impacts for members and non-members

ASIA IN THE WORLD ECONOMY: THREE POLICY CHALLENGES

Analyzing the Benefits of Joining the Asia-Pacific Trade Agreement (APTA) for Malaysia, Thailand, and Vietnam

VIETNAM REPORT. Compiled by: The American Chamber of Commerce (AmCham) in Singapore 1 Scotts Road #23-03/04/05 Shaw Centre Singapore AND

SINGAPORE REPORT. Compiled by: The American Chamber of Commerce (AmCham) in Singapore 1 Scotts Road #23-03/04/05 Shaw Centre Singapore AND

2016 Outward Foreign Direct Investment of Thai Listed Firms

GATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements

Positioning Myanmar as an attractive new investment destination in Southeast Asia

INDONESIA REPORT. Compiled by: The American Chamber of Commerce (AmCham) in Singapore 1 Scotts Road #23-03/04/05 Shaw Centre Singapore AND

ASEAN INTEGRATION IN SERVICES

overview FACT SHEET trans-pacific partnership TPP

Important economic directions

CHAPTER 2 International Trade Activities of Thai SMEs

Transcription:

February 1, 2016 Press Club Brussels Europe

The ASEAN Journey to Community Building 2015 Accelerate the economic growth, social progress and cultural development in the region through joint endeavors. Promote regional peace and stability through abiding respect for justice and the rule of law. 1967 Bangkok Declaration 2003 Bali Concord II 1997 ASEAN Vision 2020 ASEAN Community 2007 Cebu Declaration

ASEAN (Association of South East Asian Nations) Land Area Population GDP value (US$) 2014 4,435,618 Sq. km 622.25 million 2.57 trillion CAMBODIA GDP growth 4.7 % GDP per capita (US$) 4,136 Foreign Direct Investment 136.1 billion Merchandise Trade (US$) - Export - Import 2.52 trillion 1.29 trillion 1.23 trillion Source : ASEAN Secretariat, August 2015 4

ASEAN Security Community (ASC) ASEAN Socio-Cultural Community (ASCC) ASEAN Economic Community (AEC)

Single Market and Production Base Free flow of goods Free flow of services Free flow of investment Freer flow of capital Free flow of skilled Labor Competitive Economic Region E - Commerce Taxation Competition Policy Intellectual Property Rights Consumer Protection Infrastructure Development Equitable Economic Development Narrowing Development Gap Development of SMEs A Region fully integrated into Global FTA with non-asean Enhanced participation in Global supply chain

AEC Blueprint A Single Market and Production Base 1. Free flow of goods Gradually reduced import tariffs since 1993 1 January 2010 ASEAN-6 Zero import tariffs on products from ASEAN 1 January 2015 CLMV Zero import tariffs on products from ASEAN Elimination of Non-tariff barriers - Harmonisation of standards for 20 products ex. Electronic appliances, Rubber products - MRAs for Electrical and Pharmaceutical sectors - Establishment of ASEAN Trade Repository Implement measures to improve trade facilitation - National Single Window linking ASEAN Single Window system - Self-Certification Pilot Project (Thailand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Brunei) - Improvement of ROOs & customs data linkage 7

AEC Blueprint A Single Market and Production Base 2. Free flow of Services To conclude the Protocol to Implement the 9 th AFAS Package Gradually increase foreign equity participation for ASEAN investors up to 70%. Year Year Year Year Year 2006 2008 2010 2013 2015 Priority Integration Sectors Telecommunication- Computer / Health / Tourism / Air Transport 49% 51% 70% Logistic 49% 51% 70% Others 49% 51% 70% 8

AEC Blueprint A Single Market and Production Base 3. Free flow of Investment 1. Agriculture 2. Fishery 3. Forestry 4. Mining 5. Manufacturing (Industrial) Extend non-discriminatory treatment, including National Treatment and Most-Favored Nations to investors in ASEAN. Revise the AIA and draft the new ASEAN Comprehensive Investment Agreement (ACIA) ACIA : ASEAN Comprehensive Investment Agreement Liberalization, Protection, Promotion, and Facilitation of Investment 10

The Achievements Source : ASEAN Economic Community 2015: Progress and Key Achievements

KEY Progress Free Flows of Goods: Intra-regional tariff elimination ASEAN 6 99.2 %, CLMV 90.6 %, Average 95.99 % NTB : Simplified RO, Self Certification, Harmonized 170 Technical standard e.x. Electrical, Pharm, Medical Devices, Cosmetic ; Developing MRA on Auto, food and construction, Rubber standard etc. Free Flows of Services and Investment: Increase equity for ASEAN Investors : at least 140 subsectors allow up to 70% ownership for ASEAN investors in any Member country Free Flow of skilled labor : MRA on Engineers, Architect, Nursing, Medical, Dental, Accountant, Surveyor, Tourism Continue to liberalize more on all sectors. Integration to Global FTA In Force : ASEAN AEC, ASEAN INDIA, ASEAN China, AEAN CER, ASEAN JAPAN FTA Ongoing Negotiations : RCEP (ASEAN, China, Japan, India, Australia, New Zealand) Suspended : ASEAN EU

The Survey Source: AMCHAM Business Outlook Survey 2016

Picture : Circumspectnews

Source : ASEAN Secretariat : ASEAN Progress and Key Achievements 2015

DAWEI Deep Sea Port Source Asian Development Bank

Road National Highway 63,000 km. Rural Road 39,254 km. Local Road 101,845 km. Maritime Total international deep sea port : 6 ports Laem Chabung: 7.7 Million TEUs/Year Bangkok: 1.34 Million TEUs/Year Air Total: 36 airports Suvarnabhumi: 45 million/year Don Mung: 36 million/year Phuket airport: 6.5 million/year Chiang Mai airport: 8 million/year Source: BOI

Source : US news Best Countries Ranking

Over Century of Strategic and Friendship Partners Treaty of Friednshp and Commerce 1868 Viaduc Leopold II Bridge 1958-1984 Mr. Gustave Rolin Jeanquemyns 373 rd rank of the list Greatest Belgian Ever Thai Belgian Bridge

2015 Bilateral Trade Relations 10,000.00 9,834.41 9,000.00 8,000.00 7,000.00 6,000.00 5,000.00 4,000.00 3,000.00 2,000.00 6,373.32 5,241.61 4,308.01 3,251.68 2,401.29 1,332.101,267.82 889.10 680.89 590.88 531.69 1,000.00 216.65 172.38 22.68 0.00

Bilateral Trade Structure Thailand Exports to Belgium 1,547 M. US$ Thailand Imports from Belgium 1,091 M. US $ Principle manufacturin g products 91% Mining and fuel products 0% Agricultural products 6% Consumer goods 17% Vehicles and transport 1% Arms, munitions used in official 0% Fuel lubricants 2% Capital goods 11% Agricultural products Agroindustrial products 3% Raw materials and intermediate 69% Fuel lubricants Capital goods Agro-industrial products Raw materials and intermediate Principle manufacturing products Consumer goods Mining and fuel products Vehicles and transport Arms, munitions used in official