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AEC: The National Agenda

AEC: The National Agenda. Mrs. Srirat Rastapana Director-General, Department of Trade Negotiations Ministry of Commerce. AEC Breakthrough: Opportunities and Challenges 2015 29 June 2012, Assumption University. CAMBODIA. ASEAN ( A ssociation of S outh E ast A sian N ations). 1997.

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AEC: The National Agenda

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  1. AEC: The National Agenda Mrs. SriratRastapana Director-General, Department of Trade Negotiations Ministry of Commerce AEC Breakthrough: Opportunities and Challenges 2015 29 June 2012, Assumption University

  2. CAMBODIA ASEAN (Association of South East Asian Nations) 1997 1997 1967 1995 1967 1967 1999 1984 1967 1967

  3. ASEAN Community in 2015 ASEAN Political- Security Community (ASC) ASEAN Charter ASEAN Economic Community (AEC) ASEAN Socio- Cultural Community (ASCC)

  4. AEC …. Towards ASEAN Economic Community One Vision, One Identity, One Community

  5. Towards.......ASEAN Economic Community (AEC) • In 2003, ASEAN Leaders signed Bali Concord II, declaring that “An ASEAN • Community” shall be established by 2020. • In 2007, ASEAN Leaders signed Cebu Declaration on the Acceleration • of the Establishment of an ASEAN Community by 2015. • In 2007, ASEAN Economic Ministers signed and approved theAEC Blueprintas an • Integrated plan towards the AEC. • In November 2007, ASEAN Leaders signed the“ASEAN Charter”and “Declaration • on the AEC Blueprint” to reaffirm the commitments towards the AEC by 2015.

  6. AEC ASEAN Economic Community:AEC 1. A Single Market and Production Base 2. A Highly Competitive Economic Region Free flows of goods e-ASEAN (e-commerce) Taxation Free flows of services Competition Policy Free flows of investment Intellectual Property Rights Free flows of skilled labors Consumer Protection Freer flows of capital Year 2015 Infrastructure Development 3. A Region of Equitable Eco. Development 4. A Region fully integrated into Global Narrowing Development Gap Arrangement of FTAs with non-ASEAN Involvement in global supply chain Development of SMEs

  7. Establishment of ASEAN in 1967 Development of Economic Cooperation in ASEAN Liberalization Goods ASEAN Free Trade Area(AFTA) ASEAN Trade in Goods Agreement (ATIGA) Implemented in 1993, eliminating all tariffs in 2010 (ASEAN-6) and 2015 (CLMV) Services ASEAN Framework Agreement on Services(AFAS) Implemented in 1995, gradually liberalization until 2015 Investment ASEAN Investment Area(AIA) ASEAN Comprehensive Investment Agreement (ACIA) Implement in 1998, covering liberalization, protection, and promotion of investment Economic Cooperation Cooperation Agriculture, Forestry, Food Security, Industry, IPR, Infrastructure, ICT (e-ASEAN), Consumer Protection, Competition Policy, etc.

  8. What will happen in AEC in 2015 …….. Goods 0% import tariffs/elimination of all barriers to trade Combined 10markets into one Services Free flows of Services Investment Free flows of Investment Skilled Labor Free flows of skilled labor Capital Freer flows of capital

  9. Thailand & ASEAN Thailand’s major import markets (Year 1992 vs 2010) • Year 1992 Year 2010 ASEAN 16.6% • Total imports of 182,406.5million US$ • Total imports 40,615.8million US$ • Note • AFTA was established in 1992 and started implementing in 1993. • Import tariffs of ASEAN 6 were 0% since 1 Jan.2010.

  10. Potentials of Thailand in ASEAN Source: ASEAN Secretariat, 2010

  11. Potentials of Thailand in ASEAN (cont’) Source: ASEAN Secretariat, 2010

  12. ---- AEC: The National Agenda ----

  13. Building blocs in the world EFTA China 10 FTAs – 22 countries ; SG, NZ, Chile, Peru, HK Nego – 18 countries ; AUS, GCC, SACU Japan 13 FTAs – 16 countries ; India, ASEAN (except CLM) Nego – 8 countries ; ROK, AUS, GCC EU FTAs – 28 countries; ROK, EFTA, MX , Middle East, Nego – 23 countries; SG, ML, India, China TPPTrans-Pacific Strategic Economic Partnership (US, AUS, NZ, Chile, Peru, SG, ML, BR, VN) NAFTA APEC ANDEAN South Korea 8 FTAs – 44 countries ; SG, India, EU, US, EFTA Nego – 39 countries ; AUS, NZ, GCC BRICS(Brazil, Russia, India, China, South Africa) GCC BIMSTEC US 14 FTAs – 20 countries; SG, NAFTA, AUS, Central –South America, ROK, Columbia, Panama Nego - 4 countries; TPP (BR, ML, VN, NZ) India 6 FTAs - 16 countries ; SG, TH, ML, Sri Lanka, ROK Nego – 55 countries ; China, Japan, EU, EFTA, GCC Australia 6 FTAs – 13 countries ; SG, TH, NZ, US, Chile Nego – 13 countries ; ROK, China, Japan, India, GCC New Zealand 8 FTAs – 12 countries ; SG, TH, ML, China, AUS Nego – 9 countries ; ROK, India, US, GCC

  14. Thailand’s trade with selected trade partners Mercosur, GCC, South Africa US$ 33,173 Mil. (8.8%) USA, Russia, EU, Canada US$ 72,916 Mil. (19.3%) China, Japan, Korea,India,Australia, New Zealand ASEAN 9 Member AEC US$ 138,883 Mil. (36.7%) US$ 74,696 Mil. (19.7%) 85% In 2011, share in total trade accounted for 320 US$ bn

  15. Integration into the global economy Source: Asian Development Bank

  16. India ACFTA AIFTA China AEC AJCEP AANZFTA Japan AKFTA Australia New Zealand Korea 5 FTAs b/w ASEAN and Dialogue Partners– At Present Goods: signed 29Nov04,effective on 1Jan05 Service: signed 14 Jan 07, effective on 1 Aug 07 Investment:signed 15 Aug 09, effective April 10 Goods : signed 13 Aug 09, effective on 1 Jan 10 Service/Investment :undernegotiation Goods/Service/Investment: Thailand signed 11 April 08 For Thailand, effective on 2 Jun 09 Goods/Service/Investment :signed26 Feb 09 Effective on 1 Jan 10 (Thailand ratified the Agreement on 12 Mar 10.) Goods :Other ASEAN members signed on 28 Aug 06. Service: Other ASEAN members signed on 21Nov 07. (Thailand :Servicesigned on 27 Feb 09, effective on 1 Jun 09Goods: signed on 27 Feb 09, effective on 1 Aug 09) Investment: all members signed on 2 Jun 09, effective on 31Oct 09

  17. Next Station>>RCEP Global Engagement is Key ASEAN-Russia ASEAN-Canada ASEAN-China FTA ASEAN-EU FTA ASEAN-US TIFA ASEAN-Korea FTA ASEAN-Japan CEP RCEP ASEAN-Pakistan ASEAN-India FTA AEC ASEAN-Australia- New Zealand FTA

  18. The National Agenda: New Age of Thai Economy in AEC International Trade and Investment Strategies Strategy 1: Internationalization of Thai Business

  19. Strategy 2: Strengthening of domestic economy through the dynamics of global economy • 1. Moving forward the new standardization / upgrading standards of goods and services / supporting MRAs arrangements • 2. Identifying proactive strategies for the trade-integrated sectors, with a focus on core competitiveness • 3. Undertaking strategic plan for the development and support of sectoral service businesses, that is in relation to the National Economic and Social Development Plan • 4. Developing fundamental elements enhancing Thailand’s competitiveness.

  20. Strategy 3: Communication among related sectors & Establishment of effective mechanism moving forward integrated-manner policies

  21. For More Information www.dtn.go.th www.aecthailand.com : O-2507-7555

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