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ASEAN Economic Community and Cambodian Entrepreneurs

Explore the opportunities and challenges for Cambodian entrepreneurs in the ASEAN Economic Community, including the free flow of goods, services, investment, skilled labor, and capital. Learn about priority integration sectors and the benefits of competition and equitable economic development. Discover how capacity, technology, finance, networking, and research and development can contribute to the success of Cambodian entrepreneurs.

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ASEAN Economic Community and Cambodian Entrepreneurs

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  1. ASEAN Economic Community and Cambodian Entrepreneurs Vannarith Chheang Cambodian Institute for Cooperation and Peace

  2. Single Market and Production Base • Free flow of goods • Tariff and non-tariff barriers • Rules of origin (ROO) • Trade facilitation • Customs integration • ASEAN Single Window

  3. Free flow of services • Four priority services sectors: air transport, e-ASEAN, healthcare and tourism • Mutual recognition arrangements (MRAs) • Strengthen human resource development and capacity • Financial services sector

  4. Free flow of investment • Free and open investment regime • Framework Agreement on the ASEAN Investment Area (AIA) • ASEAN Investment Guarantee Agreement

  5. Freer flow of capital • Achieve greater harmonization in capital market standards • Facilitate mutual recognition arrangement or agreement • Allowing greater capital mobility

  6. Free flow of skilled labor • Enhance cooperation among ASEAN University Network members • Qualification • Research capabilities

  7. Priority integration sectors Food, agriculture and forestry - Enhance intra- and extra-ASEAN trade and long-term competitiveness of ASEAN’s food, agriculture and forestry products/commodities.

  8. Competitive Economic Region • Competition policy • Foster the culture of fair competition • Consumer protection • Intellectual property rights • Infrastructure development -Transport cooperation - ASEAN Transport Action Plan: maritime, land, and air transport, transport facilitation

  9. Taxation • Complete the network of bilateral agreements on avoidance of double taxation among all Member Countries to the extent possible • E-Commerce • E-commerce within ASEAN • E-ASEAN framework agreement

  10. Equitable Economic Development • SME Development • The ASEAN Policy Blueprint for SME Development (APBSD) 2004-2014 • Access to information, market, human resource development and skills, finance, technology • Strengthen the resilience of ASEAN SMEs • Initiative for ASEAN Integration (IAI)

  11. Integration into the Global Economy coherent approach towards external economic relations Enhanced participation in global supply networks

  12. Challenges for Cambodian Entrepreneurs Play at the regional level Capacity Technology Finance Networking and information Research and development Public-private partnership

  13. Opportunities Competition brings more quality and long term development Better access to market and information Investment and technology transfer Knowledge based economy Component industries/suppliers Part of regional production network

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