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 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.

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.

South-east Asia gender balance implies growth benefit

2017 ◽  
Keyword(s):  
Gender Inequality ◽  
Parental Leave ◽  
East Asian ◽  
Institutional Changes ◽  
South East Asia ◽  
Economic Potential ◽  
Economic Community ◽  
Content Type ◽  
Gender Balance ◽  
Asean Economic Community

Subject Gender inequality, business and economic growth as ASEAN integrates economically. Significance South-east Asian economic ministers agreed at a summit earlier this month in Manila to work towards a more inclusive role for women in the ASEAN Economic Community (AEC). Impacts Institutional changes will be needed for women to realise their full economic potential. Small and medium-sized businesses owned by women will struggle to access financing. Reform of parental leave and childcare would help retain vital skills in the workplace.

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.

ASEAN summits will test bloc unity afresh

2016 ◽  
Keyword(s):  
South China Sea ◽  
East Asia ◽  
South China ◽  
Korean Peninsula ◽  
South East Asia ◽  
Economic Community ◽  
Content Type ◽  
Economic Issues ◽  
Maritime Disputes ◽  
Asean Economic Community

Significance The ASEAN Summits will attempt to maintain momentum for greater integration, particularly on the new 2025 ASEAN Economic Community (AEC) blueprint. The EAS will focus on regional tensions on the Korean peninsula and in the South China Sea, and see the first visit of a serving US president to Laos. Impacts Russia will strengthen ties with South-east Asia and ASEAN, but avoid entanglement in maritime disputes. ASEAN could lose international traction in 2017: Duterte is still developing foreign policy experience. Regional economic issues will be considered outside South-east Asia this year also in Peru at the November APEC summit.

The influence of the ASEAN economic community on the future of the management accounting profession

2020 ◽  
Vol 28 (4) ◽  
pp. 587-611
Author(s):  
Desi Adhariani
Keyword(s):  
Soft Skills ◽  
Economic Community ◽  
Content Type ◽  
Management Accountants ◽  
Challenges And Opportunities ◽  
National Leaders ◽  
Research Gap ◽  
Asean Economic Community ◽  
The Impact ◽  
And Training

Purpose The purpose of this paper is to explore the perceptions of Indonesian management accountants (MAs) regarding the Association of South East Asian Nations (ASEAN) – ASEAN economic community (AEC), an integration initiative in Southeast Asia, and its impact on their profession. More specifically, this study presents the perceptions on Indonesian MAs’ capabilities for facing challenges and opportunities in the AEC era, as well as identifies skills needed and training or development programmes that could support the achievement of qualification standards. Design/methodology/approach A survey was distributed and administered by using a convenience sampling method, resulting in 191 valid responses. The respondents’ answers were then analysed quantitatively using the descriptive and regression analysis. Findings It was revealed that the top skills needed in the AEC era, as identified by respondents, are soft skills, technical accounting capabilities and language skills. Language capabilities and soft skills were deemed as the most lacking, and training in these areas is considered important. Skill and knowledge upgrades are needed to reap the benefits of the opportunities offered by AEC to Indonesian businesses, especially among professional accountants who will join a bigger market not limited by borders. Research limitations/implications Findings from this study can guide executives and national leaders in developing the capacity and capability of Indonesian MAs to face competition in the ASEAN region. Originality/value Although research on the AEC has been conducted in previous studies, analysis of the impact on the MA cohort has not been much explored, which creates the research gap this study wishes to fill.

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.

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