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ASEAN Economic Integration and Implication for Asian ... · ASEAN Economic Integration and ......
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Speaker: Chackrit Duangphastra,PhD Chulalongkorn Business School, Chulalongkorn University 1 ASEAN Economic Integration and Implication for Asian Logistics
Transcript of ASEAN Economic Integration and Implication for Asian ... · ASEAN Economic Integration and ......
Speaker:
Chackrit Duangphastra,PhD
Chulalongkorn Business School,
Chulalongkorn University
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ASEAN Economic Integration and Implication for Asian Logistics
Outline of Presentation
• Overview of ASEAN Economic
Integration
• ASEAN Connectivity
• ASEAN Logistics Roadmap
• Future Implication
Chackrit Duangphastra,PhD 2
Chackrit Duangphastra,PhD 3
Overview • World is increasing becoming
interconnected
• ASEAN had total population about 600 million
people (3rd largest market after China and
India)
• ASEAN is progressing toward a single
market and production based through
AEC by 2015 to enhance more flow of
goods, services, and investment.
ASEAN Economic Community - AEC
Chackrit Duangphastra,PhD 4
AEC Single Market and Production Base
• To create stable
prosperous and highly
competitive ASEAN
economic region by the
year 2010 - 2015
• Free flow of goods,
services, investment, and
skilled labor • Freer flow of capital
Measures used to systematically integrated
sectors • Tariff elimination
• Non-tariff barriers reduction
• Harmonization of standards / licensing
• Mutual recognition arrangement (MRA)
• Customs and trade regulations facilitation
• Outsourcing & industrial complementation
• Investment and service liberalization
• Trade facilitation • More business – friendly environment
Measures used to systematically integrated
sectors • Tariff elimination
• Non-tariff barriers reduction
• Harmonization of standards / licensing
• Mutual recognition arrangement (MRA)
• Customs and trade regulations facilitation
• Outsourcing & industrial complementation
• Investment and service liberalization
• Trade facilitation • More business – friendly environment
Chackrit Duangphastra,PhD 5
12 Priority Sectors under AEC
Agro based Products
Air Travel
Automotives
E-ASEAN
Electronics
Fisheries
Healthcare
Rubber based Products
Textiles and Apparels
Tourism
Wood Based Products
Logistics
Example of AEC Framework
ASEAN Free Trade Area (AFTA)
ASEAN Free Trade Area (AFTA)
ASEAN Framework Agreement on
Services (AFAS)
ASEAN Framework Agreement on
Services (AFAS)
ASEAN Comprehensive
Investment Agreement (ACIA)
ASEAN Comprehensive
Investment Agreement (ACIA)
ASEAN Harmonization
Tariff Nomenclature
ASEAN Harmonization
Tariff Nomenclature
ASEAN Single Window (ASW) ASEAN Single Window (ASW)
ASEAN Industrial Cooperation (AICO) ASEAN Industrial
Cooperation (AICO)
ASEAN Integrated Food Security
(AIFS)
ASEAN Integrated Food Security
(AIFS)
Mutual Recognition Agreement (MRA)
Mutual Recognition Agreement (MRA)
ASEAN Transport Integration
ASEAN Transport Integration
ASEAN Logistics Roadmap
ASEAN Logistics Roadmap
ASEAN Framework on the Facilitation of Goods in Transit
ASEAN Framework on the Facilitation of Goods in Transit
Financial and Monetary
Integration in ASEAN
Financial and Monetary
Integration in ASEAN
Ensuring Energy Security
in ASEAN
Ensuring Energy Security
in ASEAN
Ensuring Safe Pharmaceutical
Products in ASEAN
Ensuring Safe Pharmaceutical
Products in ASEAN
Regional Cooperation in
Intellectual Property Rights
(IPRs)
Regional Cooperation in
Intellectual Property Rights
(IPRs)
Etc. Etc.
Master Plan on ASEAN Connectivity
7 Source: Master Plan on ASEAN Connectivity (2010)
Chackrit Duangphastra,PhD 8
Chackrit Duangphastra,PhD 9
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Roadmap of Logistics Services Integration in ASEAN
• Objectives of Roadmap
– To create ASEAN single market by 2015 by strengthening
economic integration through liberalization and facilitation
measures in area of logistics services
– To enhance competitiveness of ASEAN production base through
creation of integrated ASEAN logistics environment
– Measures will cover FREIGHT LOGISTICS and Related Services
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1. Liberalization 2. Trade & Logistics Facilitation
3. Service Provider 4. Human Resource 5. Multimodal Transport
PART OF ASEAN CONNECTIVITY
Chackrit Duangphastra,PhD 12
Liberalization of Logistics Services in ASEAN in 2013
• Transport Services
– International Maritime Transport
– International Rail Freight Transport
– International Road Freight Transport
– International Air Freight Transport
– Courier services
• Non Transport Services
– Maritime Cargo handling services
– Storage & warehousing services
– Freight transport agency services
– Freight inspection services
– Packaging services
– Customs clearance
2008
Subject to laws / regulations
49% Foreign
ownership 2013
70% Foreign
ownership
2011
51% Foreign
ownership
Chackrit Duangphastra,PhD 13
Trade & Logistics Facilitation in ASEAN
• Trade & Customs Facilitation
– Implement provision in WTO Agreement on Customs Valuation & WCO
Framework
– Promote electronic document / transaction (e-logistics)
– Encourage implementation of 24x7 customs operations in selected
border points
– Development Single Window Approach for customs clearance
– Facilitate cross border information sharing
– Encourage business firm to develop interoperable supply chain
management to link up planning solutions
– Enhance cooperation between customs & business sector
– Implement risk management practices
– Promote technologies used for supply chain integration e.g. RFID /
GPS
Chackrit Duangphastra,PhD 14
Trade & Logistics Facilitation in ASEAN
• Logistics Facilitation
– Enhance transparency of regulation for logistics
– Conclude and Implement ASEAN Framework Agreement on Facilitation
of Inter-State Transport
– Implement Framework Agreement of Goods in Transit
– Implement Framework Agreement on Multimodal Transport Agreement
– Strengthen Intra Regional and international Maritime and Air Transport
– Improve land transport network infrastructure and services to achieve
interconnectivity
– Enhance private participation in transport logistics infrastructure &
services
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Other Initiatives in Roadmap
• Expand Capacity of Logistics Service
Provider – Adopt best practices in providing logistics services
– Promote Regional Cooperation of LSP
– Develop / Update database on logistics service
provider
• Human Resource Development – Upgrade skill through joint training & workshop
– Develop national skill certificate system for LSP
– Encourage the establishment of regional center of
excellence
• Enhance Multi Modal Transport
Infrastructure – Promote trade terms & practices related to
multimodal transport including INCOTERMS
Future Implication of AEC on Economic Ties with HK
• Globalization of Supply Chain
• More opportunities for Trade, Investment, Tourism, and Logistics with ASEAN
• More opportunities to make use of Third Party invoicing and transshipment activities
• ASEAN as springboard to other markets, especially dialogue partners of ASEAN and developed countries
• MNC currently located in ASEAN require sophisticated logistics support, ranging from high levels of reliability in delivery, minimal transit time, to tight security for high-value goods and others
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