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 Secretary
• Former President of the ASEAN Chambers of
  Commerce and Industry

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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

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• 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

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• 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.

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• 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.

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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

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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 -

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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

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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
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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
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• Competitive Economic Region

Competition Policy
Consumer Protection
Intellectual Property Rights
Infrastructure Development
Taxation
e-Commerce
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• Equitable Economic Development

SME Development
Initiative for ASEAN Integration (IAI)
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• Integration into the Global Economy

Coherent Approach towards External Economic
Relations
Enhanced Participation In global supply networks
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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

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• 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.

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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.

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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.

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• 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.

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• 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

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• 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 !!!!!