ASEAN electronics industry competition will grow

2015 ◽  
Keyword(s):  
Supply Chains ◽  
Free Trade Area ◽  
Electronics Industry ◽  
The Philippines ◽  
Economic Community ◽  
Content Type ◽  
Trade Area ◽  
Industry Competition ◽  
Electronics Workers ◽  
Asean Economic Community

Subject Electronics and ICT investment outlook in ASEAN states. Significance South-east Asia is removing foreign investment barriers in most electronics industries, attempting to capitalise on closer economic ties with China and digitalisation of services. Changes in supply chains are drawing investment to cheaper production bases, including Vietnam and the Philippines, forcing established manufacturers Singapore, Malaysia and Thailand to compete with China for high-end markets. This trend will intensify ahead of the ASEAN Economic Community (AEC) free trade area, which will be implemented in late 2015. Impacts Investment markets will be liberalised under the ASEAN Economic Community. Trade liberalisation will require expanded South-east Asian supply chains, and boost electronics industry links with China. ASEAN governments will address skills gaps to provide electronics workers as the industry grows.

Expanding ASEAN sea trade could see piracy flare

2016 ◽  
Keyword(s):  
Free Trade Area ◽  
South East Asia ◽  
Economic Community ◽  
Judicial Cooperation ◽  
Maritime Piracy ◽  
Content Type ◽  
Trade Area ◽  
Intelligence Sharing ◽  
Asean Economic Community ◽  
And Training

Subject Maritime piracy in South-east Asia. Significance Shippers are likely to expand seaborne trade from 2016 following the initiation of the ASEAN Economic Community free trade area at the end of last year, which envisions more integrated and liberalised shipping. However, shippers are threatened by growing regional piracy on the high seas and maritime robbery in territorial waters. Impacts Shipping firms will need to make provision for crew security and training, and may require larger insurance subscriptions. Improved intra-ASEAN intelligence-sharing and judicial cooperation would help to counter piracy. Land-based measures such as building forensic capacity and public education (as Malaysia and others are doing) would be helpful.

ASEAN auto sector disunity implies competition danger

2015 ◽  
Keyword(s):  
Automobile Industry ◽  
Production Efficiency ◽  
Free Trade Area ◽  
Production Costs ◽  
Automotive Sector ◽  
Economic Community ◽  
Content Type ◽  
Trade Area ◽  
Partnership Model ◽  
Asean Economic Community

Subject Outlook for ASEAN's automobile industry under the ASEAN Economic Community. Significance Though officially espoused as a partnership model for the ASEAN Economic Community (AEC) free trade area, and a priority sector for cooperation, South-east Asia's automotive sector is still fragmented and nationally focused, even though the AEC's arrival is imminent at end-2015. Impacts ASEAN-based automakers will need to prioritise production efficiency to stay competitive. Standardisation may be needed to reduce production costs. Export opportunities will be constrained absent further progress on regulatory harmonisation.

scholarly journals The ASEAN WITHOUT A CUSTOMS UNION OR A SINGLE MARKET CONSEQUENCES OF THE ASEAN ECONOMIC COMMUNITY BLUEPRINT 2025

2020 ◽  
Vol 2 (1) ◽  
pp. 101-127
Author(s):  
Moh Firstananto Jerusalem
Keyword(s):  
Economic Integration ◽  
Free Trade Area ◽  
Single Market ◽  
Integration Theory ◽  
Customs Union ◽  
Economic Community ◽  
Trade Area ◽  
Market Economic ◽  
Asean Countries ◽  
Asean Economic Community

Abstract In the ASEAN Economic Community blueprint 2015 the term “single market” was used as a goal of economic community. Theoretically, single market is a level of economic integration after customs union. Under that blueprint, customs union could have a chance to be established as a necessary prerequisite for single market. However, the new blueprint 2025 does not adopt single market concept anymore. Different terms have been introduced namely “integrated and cohesive economy” and “unified market”. This article aims at assessing economic integration concept adopted in the ASEAN Economic Community blueprint by utilizing content analysis. It will review the change of concept by employing economic integration theory in order to indicate the direction of economic community goal. The finding is that the change of terms reflects the change of concept. As a result, ASEAN Economic Community will have a different direction in pursuing economic integration. Therefore, under the new blueprint ASEAN will not proceed to customs union and single market. However, it will remain at free trade area level of economic integration. In addition, ASEAN will not be a close trade block but tend to be an open regionalism in relation to non-ASEAN countries or regions. Keywords: ASEAN Economic Community, Customs Union, Single Market, Economic Integration, Open Regionalism.

scholarly journals Indonesia dan Persaingan di Era Asean Economic Community

2018 ◽  
Vol 2 (2) ◽  
Author(s):  
Hendra Maujana Saragih
Keyword(s):  
Free Trade ◽  
Free Trade Area ◽  
Economic Opportunity ◽  
Economic Community ◽  
Trade Area ◽  
Asean Member ◽  
Systemic Impact ◽  
Strategic Position ◽  
Asean Countries ◽  
Asean Economic Community

Abstract This paper focusing on looking at Indonesia's readiness to deal with the Era of the Economic Community in ASEAN with the urgency that Indonesia's preparations should have a systemic impact on Indonesia's economic growth. The socialization that has been carried out continues and continues to be inflated by every child of the nation so as not to lose compete and be swallowed by the existence of regional countries that really use ASEAN Economic Community as a positive and constructive economic opportunity for each ASEAN member country officially. ASEAN Economic Community is one form of Free Trade Area (FTA) and located in Southeast Asia .ASEAN Economic Community which is formed with a mission to make the economy in ASEAN to be better and able to compete with countries whose economy is more advanced than the condition of ASEAN countries currently. The realization of ASEAN Economic Community, can make ASEAN a more strategic position in the international arena. Researchers expect that with the realization of the ASEAN economic community can open the eyes of all parties, resulting in an inter-sectoral dialogue that will also complement each other among the stakeholders of the economic sector in ASEAN countries and this is very inherent formally. Keywords: Competition, Free Trade Area, Opportunity, Challenge

scholarly journals KONSISTENSI HUKUM WORLD TRADE ORGANIZATION (WTO) MENGENAI PRINSIP MOST FAVORED NATION (MFN) ATAS REGIONALISME DAN PANDANGANNYA TERHADAP ASEAN ECONOMIC COMMUNITY (AEC)

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Marko Cahya Sutanto
Keyword(s):  
Free Trade ◽  
Free Trade Area ◽  
Single Market ◽  
Economic Community ◽  
Most Favored Nation ◽  
Trade Area ◽  
General Obligation ◽  
Trading Partners ◽  
Asean Economic Community ◽  
The Moment

In 2015, Indonesia and other ASEAN members have a commitment to establish a single market region, i.e. free flow of goods and service, termed ASEAN Economic Community (hereinafter ‘AEC’). This arrangement is contrary to Most Favored Nation (MFN) principle under the General Agreement on Tariffs and Trade 1994, (hereinafter ‘GATT’). This paper aims to address the said violation according to the WTO/GATT law by analyzing (1) the general obligations and exceptions under the WTO/GATT, (2) regionalism in general and its existence in Southeast Asia, and (3) the interpretation of WTO’s compromise to regionalism. Under the GATT, there is a general obligation for members to treat their trading partners equally and give the same benefits to other members. However, there is an exception to this principle under article XXIV of the GATT, which based on the notion that regional trade agreements are a building block for multilateral openness. Yet, before applying this exception to the case at hand, AEC’s form must be determined. AEC’ has a structure of Free-Trade Area (hereinafter ‘FTA’) with a single market adhere to it, which according to WTO’s database there is one in force at the moment, namely ASEAN Free Trade Area (hereinafter ‘AFTA’). AFTA is not the equivalent to AEC because it covers more than just goods. Thus, the answer to apply the exception to AEC is inconclusive because even though it fits normatively, it does not have the necessary legitimacy.

Brunei's economic rebalance will lag ASEAN integration

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Free Trade Area ◽  
Economic Benefits ◽  
Content Type ◽  
Trade Area ◽  
Knowledge Industry ◽  
Red Tape ◽  
Business Regulations ◽  
Asean Economic Community

Subject Brunei's economic rebalancing. Significance Brunei is liberalising trade and business regulations and seeking foreign investment ahead of the launch of the ASEAN Economic Community (AEC) free trade area from late 2015. Investment is needed in services and manufacturing to wean the economy off oil and gas; depressed global oil prices make this rebalancing more urgent. However, easing red tape and encouraging competition will bring economic benefits only in the long term. Impacts Absent higher oil prices, Brunei faces further public spending constraints. China's economic and geopolitical influence will grow in Brunei. Brunei is a candidate for overseas support to build its knowledge industry.

AIIB may not close ASEAN infrastucture gap

2015 ◽  
Keyword(s):  
Free Trade Area ◽  
The Philippines ◽  
Rapid Expansion ◽  
Infrastructure Investment ◽  
Infrastructure Development ◽  
Investment Bank ◽  
Content Type ◽  
Asian Infrastructure Investment Bank ◽  
Trade Area ◽  
Asean Countries

Subject ASEAN core countries and the Asian Infrastructure Investment Bank. Significance The Asian Infrastructure Investment Bank (AIIB) plans to begin lending in early 2016. Three ASEAN countries -- Malaysia, Thailand and the Philippines -- have not signed the bank's articles of agreement, despite their infrastructure development needs. These needs will grow as ASEAN integrates, for instance via the ASEAN Economic Community (AEC) free trade area from end-2015. Impacts Should Manila reject the AIIB, this will create an opening for further Japanese support of Philippines infrastructure. Early credibility among lenders could lead to the AIIB's rapid expansion in Asia. Until then, established development lenders will dominate -- the AIIB is untested.

ASEAN’s 2018 chair likely to bring more stability

2017 ◽  
Keyword(s):  
The Philippines ◽  
Islamic State ◽  
Economic Community ◽  
Content Type ◽  
Eleven State ◽  
Asean Economic Community

Subject Outlook for the ASEAN chairmanship in 2018. Significance Singapore has started chairing ASEAN for 2018 after the Philippines rotated the chair as planned at November's meetings. Manila’s 2017 chairmanship was unsteady at times, partly because Philippine President Rodrigo Duterte changed his foreign secretary mid-year. ASEAN’s slogan for 2018 is “Resilient and Innovative”. Impacts Singapore will seek to further implementation of the ASEAN Economic Community. Counterterrorism will see more ASEAN cooperation, partly given southern Philippine concerns about Islamic State. Singapore will push for greater ASEAN technological connectivity and cybercrime preparedness. While negotiating the RCEP, Brunei, Malaysia, Singapore and Vietnam will also eye agreeing an eleven-state Trans-Pacific Partnership.

Uneven e-government will hinder South-east Asia trade

2015 ◽  
Keyword(s):  
Public Administration ◽  
Free Trade Area ◽  
Electronic Government ◽  
Content Type ◽  
Trade Area ◽  
Asean Member ◽  
Government Capacity ◽  
Asean Economic Community ◽  
Rural Industries ◽  
Governance Reforms

Subject E-government systems in ASEAN member states. Significance The ASEAN Economic Community (AEC) free trade area will be rolled out later this quarter. In part, the AEC requires development of electronic government (e-government) systems in ASEAN states. However, these systems are of uneven quality and capacity due to comparatively slow public administration and governance reforms, differing business and political cultures, bureaucratic divisions and technological divides. Impacts Uneven e-government systems could constrain the movement and monitoring of labour under the AEC. Rural-area governments will suffer e-government capacity gaps, constraining rural industries' development. International bodies' concerns about governance in ASEAN states will mute faith in e-government provisions.

scholarly journals TRADE LIBERALIZATION AND CONSUMER VULNERABILITY: A LEGAL FRAMEWORK ON LEGISLATIONS AND TESTING MECHANISM FOR ASEAN PRODUCT SAFETY DIRECTIVE

2017 ◽  
Vol 1 (1) ◽  
pp. 001
Author(s):  
Syed Sagoff Alsagoff ◽  
Rahmah Ismail
Keyword(s):  
Trade Liberalization ◽  
Free Trade Area ◽  
Legal Framework ◽  
The Philippines ◽  
Product Safety ◽  
Regional Stability ◽  
Member States ◽  
Trade Area ◽  
Determining Factors ◽  
Asean Economic Community

Since its inception in 1967 ASEAN has advanced in great leaps in the economic sector luring new member states into its pact. From a mere five member states (Malaysia, Indonesia, Thailand, Singapore and the Philippines) ASEAN has today managed to entice five other neighbouring states (Brunei 1984, Vietnam 1995, Laos & Myanmar 1997, Cambodia 1999) into its pact transforming itself into union of ten member states with a consumer population expected to exceed 600 million people. In order to ensure sustainability amid global challenges, member states have engrossed ASEAN Charter in 2007 with a view of creating an ASEAN Economic Community by 2015 that is robust, competitive and sustainable. At this juncture, ASEAN has to realize that like any trade liberalization initiatives, goods moved readily and freely throughout the free-trade area that is facilitated by a lucrative non-barrier tariffs incentives. This vision of a single market which creates a frontier without borders can prove to be advantageous to member states only if they have the required vehicle that is able to overcome the drawback of its progression through harmonization and synchronization efforts that is effective and successful. Like everything else, every advantage has some disadvantages attached to it. This article will address important determining factors that are crucial in the development and scope of proposed ASEAN Product Safety Directive including reviewing relevant determining factors such as regional stability, consumer protection legislations and standard and testing agencies of which one without the other will be incomplete. The proposals suggested in this article will strengthen and unite ASEAN in overcoming unsafe product issues at ASEAN level.

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