Preview

Asean Economic Community Factbook

Powerful Essays
Open Document
Open Document
26077 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Asean Economic Community Factbook
ASEAN ECONOMIC COMMUNITY FACTBOOK

ASEAN ECONOMIC COMMUNITY FACTBOOK

The ASEAN Secretariat Jakarta

The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia. For inquiries, contact: The ASEAN Secretariat Public Outreach and Civil Society Division 70A Jalan Sisingamangaraja Jakarta 12110 Indonesia Phone : (62 21) 724-3372, 726-2991 Fax : (62 21) 739-8234, 724-3504 E-mail : public.div@asean.org General information on ASEAN appears online at the ASEAN Website: www.asean.org Catalogue-in-Publication Data

ASEAN Economic Community Factbook
Jakarta: ASEAN Secretariat, February 2011 382.10959 1. Business – Foreign Investment 2. Economics – ASEAN

ISBN 978-602-8411-60-8 The text of this publication may be freely quoted or reprinted with proper acknowledgement. Copyright Association of Southeast Asian Nations (ASEAN) 2011 All rights reserved

iv

Table of Contents

History of ASEAN Foreword by H.E. Dr. Surin Pitsuwan, Secretary-General of ASEAN Message by H.E. Sundram Pushpanathan, Deputy Secretary-General of ASEAN for ASEAN Economic Community (AEC) Introduction to ASEAN Economic Community (AEC) Trade and Facilitation Trade Facilitation in ASEAN ASEAN Trade in Goods Agreement (ATIGA) ASEAN Customs Modernisation ASEAN Single Window (ASW) Conformity Assessment in ASEAN Harmonising Standards and Technical Regulations Ensuring Safe Pharmaceutical Products in ASEAN Trade in Sevices ASEAN Framework Agreement on Services (AFAS) Mutual Recognition Arrangements (MRA) in Services Investment ASEAN Comprehensive Investment Agreement (ACIA) Financial Integration Financial Integration in ASEAN Chiang Mai Initiative Multilateralisation (CMIM) Food, Agriculture and Forestry ASEAN Cooperation in Food, Agriculture and Forestry (FAF)
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Final global business plan
    • 6910 Words
    • 28 Pages

    Final global business plan

    The ASEAN was founded in 1967 to promote the alliances of the countries in Southeast Asia. The current members of the ASEAN are the Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Indonesia, Singapore, Thailand, and Vietnam (ASEAN, 2010)…

    • 6910 Words
    • 28 Pages
    Powerful Essays
    Read More
  • Good Essays

    Regional Integration for and Against Articles
    • 772 Words
    • 4 Pages

    Regional Integration for and Against Articles

    The regional integration of the Association of Southeast Asian Nations (ASEAN) includes Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar, and Cambodia.…

    • 772 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Nafta Essay
    • 457 Words
    • 2 Pages

    Nafta Essay

    ASEAN is an economic organization of ten countries located in Southeast Asia. It was formed on August 8, 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since it first started it has grown to include Brunei, Burma, Cambodia, Laos, and Vietnam. It aims to accelerate economic growth and cultural development among its members and also be a place where each member can discuss political issues peacefully.…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Regional Integration for or Against Articles
    • 1043 Words
    • 5 Pages

    Regional Integration for or Against Articles

    The ASEAN Pursues EU article provides one instance of a region in support of regional integration. “The European Union organized a group of nations with different currencies and languages - and profits followed” (Conde, 2007, para. 1). As per this article grouping currencies from various nations would assist regional integration, also assist the economic system of the region and build stronger relationships. The Association of Southeast Nations (ASEAN) desires to try the identical technique that the EU had earlier encouraged and integrate currencies in the areas. In the past former prime minister of Singapore Lee Kuan Yew had rejected this idea (Jazi, 2008). Instead, the prime minister believed that the country could achieve this objective but perhaps after 50-80 years. To start the process they would require writing a charter however the organization has opposed during the past because of the different financial systems in the region. This is currently in the starting phases however it has been stated that it will be a legally binding charter just like the one in the European Union, taking into consideration that any members who do not abide by this charts principles as well as procedures would need to incur on sanctions. To put it differently, ASEAN desires to turn…

    • 1043 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Success of ASEAN as a Regional Mediator
    • 713 Words
    • 3 Pages

    The Success of ASEAN as a Regional Mediator

    The Association of South East Asian Nation (ASEAN) is an organization founded on the principles of maintaining harmony within the region. Since it’s inception in 1967, it has persevered in upholding and sustaining regional security as well as economic development. ASEAN has been a key mediator of conflict within the area and proved to be a soft power with its ability to facilitate platforms for discussion between governments of nations. They have been successful in implementing several strategies that have improved security, living conditions and integration of the economies within the region.…

    • 713 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Does Asia Need a Single Currency?
    • 518 Words
    • 3 Pages

    Does Asia Need a Single Currency?

    Bibliography: 1. Pratruangkrai Petchanet, “Asean urged to pursue reforms ahead of 2015”, Asia News Network, February 25, 2012 (Accessed 26 February, 2012) http://ph.news.yahoo.com/asean-urged-pursue-reforms-ahead-2015-065003858.html…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    China’ Free Trade Agreement with Asean -- an Overview
    • 1036 Words
    • 5 Pages

    China’ Free Trade Agreement with Asean -- an Overview

    Framework Agreement on Comprehensive Economic Co-Operation between ASEAN and the People's Republic of China, 5 November 2002 (“Framework Agreement”)…

    • 1036 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Is Asean a Toothless Tiger?
    • 1764 Words
    • 8 Pages

    Is Asean a Toothless Tiger?

    Association of Southeast Asian (ASEAN) established officially on 8th August 1967 in Bangkok by the participating Government and its members were Indonesia, Thailand, Malaysia, Singapore and the Philippines. Its purpose was to ensure the survival of its members by promoting regional stability and limiting competition between them.[1] The Bangkok Declaration gave birth to ASEAN and it states that the objectives of ASEAN are to accelerate the economic growth, social progress and cultural development in the region.[2] There are definitely some positive and negative perspectives on ASEAN especially when being struck by a few crises but on top of that, ASEAN is still breathing up till today. To today’s date, ASEAN is made up of 10 countries namely, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The achievements of ASEAN are impressive since its existence since there is no armed conflict between the ASEAN members in a region previously beset by confrontation although bilateral tensions arises on several occasions. Internationally, ASEAN has managed to attain a high profile and the regional grouping has acted in concert in the economic as well as in the diplomatic spheres.[3]…

    • 1764 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    The Importance of International Affairs in Relation to the Asean Economic Community and the World Today
    • 893 Words
    • 4 Pages

    The Importance of International Affairs in Relation to the Asean Economic Community and the World Today

    ASEAN Economic Community well known in short as “AEC”. AEC is going to come in 31th December 2015. There are ten member countries join together. There are Brunei, Cambodia, Indonesia, Laos, Philippines, Singapore, Myanmar, Thailand and Vietnam. These countries will join together at the end of 2015 like combination in European Union. In order to, makes a single market and the same production base, increasing abilities for competition in economy development is equally and integration into the global economy. These are purposes of ASEAN Economic Community we called “AEC Blue Print or the way to be AEC”. Joining in AEC will make many benefits such as negotiation with partner countries. Export and import can be freely. This is the biggest changing in the world that’s coming soon. We should be alert and prepare to cope with it all the time.…

    • 893 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    ASEAN 2015 INTERGRATION
    • 2555 Words
    • 8 Pages

    ASEAN 2015 INTERGRATION

    The Association of Southeast Asian Nations or the ASEAN is a economic and political organization which comprises 10 countries Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Burma and Viet Nam) and was establish on 8 August 1967.Initialy, The ASEAN is formed to boost economic growth, social cultural evolution and social progress among its member. In addition, The ASEAN also assists n maintain regional peace and stability, and provide forum for its members to discuss differences peacefully.…

    • 2555 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Best Essays

    “Sea Is a Region Without an Identity.” Discuss.
    • 2673 Words
    • 11 Pages

    “Sea Is a Region Without an Identity.” Discuss.

    13) (Phanit, 1980) Regional Integration Attempts in Southeast Asia: A Study of ASEAN’s Problems and Progress…

    • 2673 Words
    • 11 Pages
    Best Essays
    Read More
  • Powerful Essays

    Role of Regional Economic Groupings in the Devlopment Process
    • 6880 Words
    • 28 Pages

    Role of Regional Economic Groupings in the Devlopment Process

    McCARTY, A., 1999. Vietnam’s Integration with ASEAN: Survey of Non-Tariff Measures Affecting Trade. Published report for the Office of the Government of Vietnam. Hanoi: United Nations Development Program.…

    • 6880 Words
    • 28 Pages
    Powerful Essays
    Read More
  • Good Essays

    Regional Cooperation of Asean
    • 828 Words
    • 4 Pages

    Regional Cooperation of Asean

    Since the founding of ASEAN, its governing bodies were slow in extending their scope of cooperation, and never imposed a clear functional mechanism for its institution like those of the EU. Significantly different from the Copenhagen Criteria, the ASEAN Declaration and other agreements and treaties are freely open to all states in the Southeast Asia region.…

    • 828 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    2015 ASEAN Integration
    • 675 Words
    • 3 Pages

    2015 ASEAN Integration

    As we all know, the ASEAN has significantly affected the Philippines in different aspects. It is very evident that the Philippines has made more allies and connections because of the ASEAN. Since the moment that the five foreign ministers from Indonesia, Malaysia, Singapore, Thailand, and the Philippines sat down together in the main hall of the Department of Foreign Affairs building in Bangkok, Thailand and signed a document known as the ASEAN Declaration, the alliance was recognized as the most successful inter-governmental organization in the developing world today.…

    • 675 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    International Trade and Free Trade Area
    • 1404 Words
    • 6 Pages

    International Trade and Free Trade Area

    ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The ASEAN Heads of State and Government decided to establish an ASEAN Free Trade Area or AFTA in 1992. The objective of AFTA is to increase the ASEAN region’s competitive advantage as a production base geared for the world market. A vital step in this direction is the liberalization of trade through the elimination of tariffs and non-tariff barriers among the ASEAN members. This activity has begun to serve as a catalyst for greater efficiency in production and long-term competitiveness. Moreover, the expansion of intra-regional trade is giving the ASEAN consumers wider choice and better quality consumer products.…

    • 1404 Words
    • 6 Pages
    Good Essays
    Read More

Related Topics