Indonesia and The Implementation of ASEAN Economic Community

Size: px
Start display at page:

Download "Indonesia and The Implementation of ASEAN Economic Community"

Transcription

1 Indonesia and The Implementation of ASEAN Economic Community International Business Management Esther Kezia Simanjuntak ABSTRACT Asean Economic Community (AEC) 2015 is a free market realization in Southeast Asia,which has been done gradually starting from the ASEAN Summit in Singapore in The purpose of establishment of ASEAN Economic Community (AEC) is to improve economic stability in ASEAN region and solve economic problems among ASEAN countries. The consequences of the AEC agreement are the free flow of goods for ASEAN countries free flow of services, free flow of investment, free flow of skilled labor, and free capital flows. These things could certainly give positive or negative effects for the Indonesian economy and also for foreign countries. It is essential to do SWOT analysis in order to determine the readiness of Indonesia and preparing strategies correspondingly.

2 1 Introduction Conflicts between Southeast Asian countries such as "confrontation" between Indonesia and Malaysia, territorial claims between Malaysia and the Philippines concerning Sabah, and the separation of Singapore from the Malaysian federation. Against this background, Southeast Asian countries recognize the need to establish realization of cooperation in the form of ASEAN organization. It aims to alleviate mutual suspicion and build mutual trust, and encourage regional development cooperation. The establishment of ASEAN began with the holding of five foreign ministers from Indonesia, Malaysia, the Philippines, Singapore and Thailand. This meeting took place in Bangkok in August 1967 resulting in the design of the Joint Decralation, which essentially regulates regional cooperation in the region. On August , the ASEAN Declaration was signed or known as the Bangkok declaration by deputy prime minister and concurrent foreign minister of Malaysia and foreign ministers from Indonesia. Philippines, Singapore and Thailand. Brunei Darussalam then joined on 8 January 1984, Vietnam on July 28, 1995, Lao PDR and Myanmar on 23 July 1997 and Cambodia on 30 April The financial and economic crisis that occurred in Southeast Asia in sparked awareness of ASEAN countries on the importance of enhancing and strengthening intra- regional cooperation. ASEAN Economic Community is a concept which was adopted in the Declaration of ASEAN Concord II (Bali Concord II) in Bali in October The desire for the purpose of integrating the economy in the ASEAN region seems to be more and more important therfore ASEAN, at the 12th summit in January 2007 changed the target of AEC 2020 to The goal is clear, namely to make ASEAN as a region where goods, services, investments, skilled workers, and capitals can move freely. The ASEAN Economic Community Blueprint (AEC Blueprint) contains a strategic work plan in the short, medium and long term. The ASEAN Economic Community Blueprint (AEC Blueprint) must be implemented by member countries towards the establishment of ASEAN economic integration in ASEAN Economic Community AEC 2015 The vision of ASEAN is to transform the region of Southeast Asia into a stable, prosperous, and competitive region supported by balanced economic development, poverty reduction, and socio- economic disparities between member countries 1. The implementation of AEC at the end of 2015 is the conclusion of more than two decades of economic integration. 1 ASEAN Vision

3 1992 ASEAN Free Trade Area (AFTA) Custom Tariffs are reduced to 0-5% within 15 years 1998 ASEAN Investment Area (AIA) Foreign investors receive "national treatment" 2003 Bali Concord II Esthablishing 3 Pillars - Economic Community - Political Security Community - Social Cultural Community 2015 AEC takes effect in December ATIGA ASEAN Trade in Goods Agreement 2007 AEC Blueprint Figure 1 The AEC Map In favor for establishing AEC, members of ASEAN agreed to carry out ASEAN Free Trade Area (AFTA), where the custom tariffs are reduced to zero until five percent as the commitment of single market Elements of Economic Community involve: 1) To establish a single market and production base. The goal Is to break down barriers to trade and investment, and to encourage movement of skilled labors. 2) To develop a competitive economic region, which includes: a. Elimination non- tariffs barrier (NTB) b. Reducing transport by developing infrastructure c. Encouraging innovation and intellectual property rights 3) Achieve an equitable economic development region by supporting business in countries with less develop economy. 4) To integrate ASEAN to global economy. ASEAN must not be isolated but part of global economy. 2.2 Role of AEC in Global Economy If all ASEAN member states join into a single country, it would be the seventh largest economy in the world and is estimated becoming the fourth largest economy by The population of ASEAN is the third largest in the world meaning ASEAN has high consumer demand, with 67 millions households is part of the consuming part which

4 could double to 135 millions by The intra- regional trade within ASEAN is however less than half than EU which could deepen significantly with the establishment of ASEAN Economic Community (AEC). ASEAN includes 227 of the world s companies with more than 3 billion dollars revenues (3% of the world total) and has macroeconomic stability that provides platform for growth with the government debt 47% of GDP. In the past five years, the GDP of ASEAN has increased by 5.6% and it is predicted will remain above 5% during ASEAN GDP takes account for 5% of the world GDP, which is half of Japan and two- thirds of Germany. Of all ten members, Singapore has the highest GDP per capita at US$55,182 US Dollars meanwhile Indonesia has 14 times smaller, but GDP of Indonesia takes 36% of total GDP of ASEAN region. This results in reduction of share world GDP for industrial nations such as Germany and Japan, hence will impact on world economy. Figure 2 ASEAN GDP (EY, 2015) 3 The Country of Indonesia 3.1 Social Situation Indonesia has population of 257 million people (2015) and is estimated to keep increasing to around 315 million by 2035 with current growth rate of 1.14%. There are islands in Indonesia, with 5 being large islands (Sumatra, Kalimantan, Sulawesi, Papua, Java). Having many islands results in high diversification either of culture or language among people in the country. There are roughly 342 tribes or ethnicities and

5 742 different languages in Indonesia. The native language of Indonesia is called Bahasa Indonesia that is spoken by 80% of population. Indonesia is well known as religious country with 6 religions being officially recognized: Moslem (86%), Christian and Catholic (8%), Hinduism (3%), Buddhism (1,8%), and Confucianism. This gives a fact that Indonesia is the country with the highest number of Moslems in the world. Current life expectancy in Indonesia is years with unemployment rate of 8.4% and 17.8% people live under the poverty line. It is estimated that by 2020 to 2030, Indonesia will experience the peak of demographic bonuses. Demographic bonus occurs when the number of working- age or productive people (people entering the working age of 15 to 64 years). In the projected book of Indonesia's population from 2010 to 2035, published by the National Development Planning Agency, BPS (Badan Pusat Statistik) and UNFPA (United Nations Population Fund). It is known that the population of productive age in 2010 was 66.5%, and in 2016 it reached 67.4%. And the estimated peak in the year 2030 that is equal to 68.1%. 3.2 Economic Situation Indonesia faced its hardest economical situation in year 1998 due to Asian crisis. In addition to that, the current president during that time President Soeharto resigned, which resulted in escalation of the goods price within the nation. Until now Indonesia has been trying to enhance the growth rate of GDP slowly with current GDP growth reaches 5.02%(2016) (Badan Pusat Statistik). The latest GDP by PPP (Purchasing Power Parity) was billion $USD in year Looking from the year 1987 to 1997, Indonesia was most likely in becoming new emerging country but the Asian crisis gave big impact to Thailand by the depreciation of its currency resulted in the drop of foreign investments and assets hence affected Indonesia correspondingly. The Indonesia GDP then dropped by 13.1% and the unemployment rate increased to 15-20%. The GDP of the country is contributed by agriculture, service, and industry.

6 Figure 3 Indonesia GDP by PPP (EY, 2015) GDP by Sector Service Agriculture Industry 43% 44% 13% Figure 4 GDP Indonesian by Sector (CIA World Factbook) Figure 5 Population of each ASEAN States

7 4 Facing AEC Indonesia Perspective As a nation with the highest number of population in ASEAN and largest contributor for ASEAN GDP, Indonesia will definitely gives big impact towards the success rate of AEC SWOT Analysis STRENGTH WEAKNESS Large population and its favorable demographic (29,2 years old) Longest custom clearance in ASEAN Ports (4-7 days) 2 Government s debt is 25% of GDP in comparison to G8 average 108.6% (Canada, France, Italy, Germany, Japan, Highest restriction of NTBs compare to rest ASEAN members which adds 30% price of import goods Russia, UK) 3 Reinforced domestic market (30% from High language variation GDP comes from export) Rich of natural resources and strategic Corruption location (equator belt) Predicted economic growth above 5% per year until Risk of natural disaster OPPORTUNITY THREATS Middle class population will double to 400 million by 2020 (rise in demand for consumer goods) 4 Tariff free trade with other ASEAN members Increase number of factories within country Free trade agreements between certain countries (China, Japan, South Korea) Low profit companies and state companies might be taken out from competition Restriction of investments in certain business field Decreasing export demand in energy sector (esp. China and Japan) Deficit of current account (more import than export), hence weaker local currency (Rupiah IDR) 2 Institute of South East Asian Studies 3 IMF 4 McKinsey (7 things to know about ASEAN)

8 4.1.2 Opportunities and Challenges Opportunities a. Economic Integration Benefit Indonesia's willingness to work together with other ASEAN countries to establish the ASEAN Economic Community (AEC) in 2015 is based on a belief in the benefits that will conceptually increase the economic growth of Indonesia and the ASEAN region. Economic integration in realizing the AEC 2015 through the opening and establishment of a larger market, the drive for increased efficiency and competitiveness, and the opening of employment opportunities in the ASEAN region, will improve the welfare of all countries in the region b. World Potential Market The realization of the AEC in 2015 will place ASEAN as the 3rd largest market area in the world supported by the third largest population (8% of the world's population) in the world after China and India. In 2008, ASEAN's population reached 583 million people (ASEAN Economic Community Chartbook, 2009), with an ever- increasing population growth rate and a majority age at productive age Challenges a. Increase in Export and Import Competition that occurs not only in the country but the competition with ASEAN countries and countries outside ASEAN such as China and India. Export performance during the period which ranked 4th after Singapore, Malaysia and Thailand, and the 3rd highest importer after Singapore and Malaysia is a very serious future because it has resulted in Indonesia deficit trade balance against some of the ASEAN countries. b. Inflation Rate Indonesia's inflation rate is relatively high when compared with other countries in the ASEAN region. Macro stability is still constrained to increase Indonesia's competitiveness and the level of Indonesian prosperity is still lower. Indonesia's largest population in ASEAN is a constraint in income generation. 4.2 Foreign Countries Perspective For countries outside ASEAN, AEC 2015 opens the door for trading opportunities with limited tariffs for trade and services and also no tariffs from countries within ASEAN. Hence, by 2016 foreign investors will get high benefit from AEC. Production lines will be concentrated to certain ASEAN countries in order to keep the producing cost low and then the produced goods will be exported to other ASEAN countries (tariff free) as well as to ASEAN free trade partner countries (China, India, South Korea, Japan). ASEAN

9 countries could also use the benefit of comparative advantage. By identifying the strength of each country then splitting the manufacturing process. For instance, Thailand is one of the automobile centers of Southeast Asia therefore Japan has already placed their entire auto supply chain into Thailand and at the same time export from Thailand to other countries. It is also possible to have free trade agreements between ASEAN and EU and this would increase the GDP growth of 0.23% inside the EU and in ASEAN for instance 3.66% for Indonesia and 15.27% for Vietnam 5 Comments and Conclusion AEC 2015 is already ongoing right now and all the participating countries have to be ready in taking the benefit from it. Has to be admitted that with current situation Indonesia is not ready fully to face AEC despite all the strengths and comparative advantage it has. In comparison to several countries in ASEAN, Indonesia does not show great performance in several aspect. For instance, electric consumption per capita of Indonesia is 814 kwh, meanwhile for Singapore and Malaysia respectively kwh and 4600 kwh 5. This shows on which level currently Indonesia within ASEAN. Low electricity consumption per capita means that Indonesia does not have enough industrialization, meanwhile AEC pushes every country to develop its region and increase the competitiveness of each country. Export ability of Indonesia also hindered each year. 70% of Indonesia export goods are from energy (oil, gas, coal). Statistic shows that the demand of energy from Indonesia is getting lowered each year. Therefore Indonesia cannot rely anymore on exporting only energy. Indonesia still has a lot of homework that needed to be done in order to gain the full benefit of AEC. One of current main focus, which is ongoing right now is improving quality of Indonesian labors by education. Currently Indonesia has scholarship program for its people who are willing to go abroad for higher degree that has already sent 5000 students abroad each year since Indonesia hopes that the students will come back to Indonesia to increase the number of high skilled labor in Indonesia in order to compete with other labors from countries with highly reputable universities. Globalization has always pushed every country to open up. This is inevitable and has to be faced in order to compete with other countries. AEC aims to help ASEAN countries to be able to compete with main player of global trade (US, EU, Japan). Indonesia has always been slow in promoting its country. With the push of AEC, it is expected that Indonesia will give more effort and in the end gain the full benefit of globalization. 5 World Bank

10 6 Bibliography Badan Koordinasi Penanaman Modal. (n.d.). The Negative Investments List. Retrieved from Badan Pusat Statistik. (n.d.). Produk Domestik Bruto (PDB). Retrieved from BPS: Bappenas Indonesia. Proyeksi Penduduk Indonesia Badan Pusat Statistik. Bustami, G. (2009). Menuju ASEAN Economic Community. CIA World Factbook. (n.d.). Indonesia GDP by Sector. Retrieved April 26, 2017, from Dr. Ariawan Gunadi. SH, M. (2016). ASEAN Economic Community Impact for Indonesia. Opinio Juris, 19. EY. (2015). The ASEAN Economic Community. Jakarta: The Embassy of Federal Republic of Germany. McKinsey (Writer). 7 Things to Know About ASEAN [Motion Picture].

ASEAN 2015: OPPORTUNITIES AND CHALLENGES

ASEAN 2015: OPPORTUNITIES AND CHALLENGES ASEAN 2015: OPPORTUNITIES AND CHALLENGES Dr. Wilfrido V. Villacorta Former Philippine Ambassador and Permanent Representative to ASEAN; Former Deputy Secretary-General of ASEAN PACU ASEAN 2015 SEMINAR,

More information

Building an ASEAN Economic Community in the heart of East Asia By Dr Surin Pitsuwan, Secretary-General of ASEAN,

Building an ASEAN Economic Community in the heart of East Asia By Dr Surin Pitsuwan, Secretary-General of ASEAN, Building an ASEAN Economic Community in the heart of East Asia By Dr Surin Pitsuwan, Secretary-General of ASEAN, Excellencies Ladies and Gentlemen 1. We are witnessing today how assisted by unprecedented

More information

The Development of Sub-Regionalism in Asia. Jin Ting 4016R330-6 Trirat Chaiburanapankul 4017R336-5

The Development of Sub-Regionalism in Asia. Jin Ting 4016R330-6 Trirat Chaiburanapankul 4017R336-5 The Development of Sub-Regionalism in Asia Jin Ting 4016R330-6 Trirat Chaiburanapankul 4017R336-5 Outline 1. Evolution and development of regionalization and regionalism in Asia a. Asia as a region: general

More information

Charting Indonesia s Economy, 1H 2017

Charting Indonesia s Economy, 1H 2017 Charting Indonesia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

Charting Cambodia s Economy

Charting Cambodia s Economy Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth

Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth Trans-Pacific Trade and Investment Relations Region Is Key Driver of Global Economic Growth Background The Asia-Pacific region is a key driver of global economic growth, representing nearly half of the

More information

Charting Australia s Economy

Charting Australia s Economy Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

ASEAN WHAT IS ASEAN? A regional grouping that promotes economic, political and security cooperation among its member states.

ASEAN WHAT IS ASEAN? A regional grouping that promotes economic, political and security cooperation among its member states. ASEAN Instructor: Professor Matthieu CROZET Presented by: Tionardy Giovanni WEN, Chan-Chun Tu, Chang-Chieh WHAT IS ASEAN? A regional grouping that promotes economic, political and security cooperation

More information

The BIGGEST in South East Asia!

The BIGGEST in South East Asia! The BIGGEST in South East Asia! FACTS : 1. Total area (including EEZ): around 7.9 million km 2 2. In a strategic location along major sea lanes from Indian Ocean to Pacific Ocean 3. The world s fourth

More information

TOWARDS AN ASEAN ECONOMIC COMMUNITY: THE CHALLENGES AHEAD

TOWARDS AN ASEAN ECONOMIC COMMUNITY: THE CHALLENGES AHEAD TOWARDS AN ECONOMIC COMMUNITY: THE CHALLENGES AHEAD Dr. Poppy S. WINANTI Universitas Gadjah Mada, Indonesia Abstract s ambition to accelerate regional trade liberalisation has been strengthened by the

More information

INTRODUCTION The ASEAN Economic Community and Beyond

INTRODUCTION The ASEAN Economic Community and Beyond 1 INTRODUCTION The ASEAN Economic Community and Beyond The ten countries of Southeast Asia Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam are achieving

More information

Report. This version available at: Originally available from LSE IDEAS. Available in LSE Research Online: May 2012

Report. This version available at:   Originally available from LSE IDEAS. Available in LSE Research Online: May 2012 Dionisius A. Narjoko and Teguh Y. Wicaksono ASEAN: perspectives on economic integration: achieving the ASEAN Economic Community agenda: an Indonesian perspective Report Original citation: Narjoko, Dionisius

More information

ASEAN. Overview ASSOCIATION OF SOUTHEAST ASIAN NATIONS

ASEAN. Overview ASSOCIATION OF SOUTHEAST ASIAN NATIONS ASEAN Overview ASSOCIATION OF SOUTHEAST ASIAN NATIONS "Today, ASEAN is not only a well-functioning, indispensable reality in the region. It is a real force to be reckoned with far beyond the region. It

More information

EXECUTIVE SUMMARY. Shuji Uchikawa

EXECUTIVE SUMMARY. Shuji Uchikawa EXECUTIVE SUMMARY Shuji Uchikawa ASEAN member countries agreed to establish the ASEAN Economic Community by 2015 and transform ASEAN into a region with free movement of goods, services, investment, skilled

More information

Charting Singapore s Economy, 1H 2017

Charting Singapore s Economy, 1H 2017 Charting Singapore s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58

Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58 Charting Singapore s Economy, 1Q 2016 Publication Date: December 8 th, 2015 Number of pages: 58 Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) You are free to: Share copy and

More information

Charting South Korea s Economy, 1H 2017

Charting South Korea s Economy, 1H 2017 Charting South Korea s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

ASEAN Economic Community (AEC): Can ASEAN learn from the EU?

ASEAN Economic Community (AEC): Can ASEAN learn from the EU? ASEAN Economic Community (AEC): Can ASEAN learn from the EU? Dr Patrick Ziegenhain Visiting Professor Dept of Business Administration Atma Jaya Catholic University Jakarta 23 February 2016 ASEAN ASEAN

More information

External Partners in ASEAN Community Building: Their Significance and Complementarities

External Partners in ASEAN Community Building: Their Significance and Complementarities External Partners in ASEAN Community Building: Their Significance and Complementarities Pushpa Thambipillai An earlier version of this paper was presented at the ASEAN 40th Anniversary Conference, Ideas

More information

Overview of East Asia Infrastructure Trends and Challenges

Overview of East Asia Infrastructure Trends and Challenges Overview of East Asia Infrastructure Trends and Challenges Christian Delvoie. Director, Knowledge Strategy Group, The World Bank Until September 28: Director, Sustainable Development, East Asia and Pacific

More information

THE AEC PROGRESS, CHALLENGES AND PROSPECTS

THE AEC PROGRESS, CHALLENGES AND PROSPECTS THE AEC PROGRESS, CHALLENGES AND PROSPECTS Siow Yue CHIA Singapore Institute of International Affairs Conference on Future of World Trading System: Asian Perspective ADBI-WTO, Geneva 11-12 March 2013 Drivers

More information

Southeast Asian Economic Outlook: With Perspectives on China and India Thematic focus: Narrowing development gaps 2013 edition

Southeast Asian Economic Outlook: With Perspectives on China and India Thematic focus: Narrowing development gaps 2013 edition Southeast Asian Economic Outlook: With Perspectives on China and India Thematic focus: Narrowing development gaps 2013 edition November 2012, Bangkok, Thailand Kensuke Tanaka Head of Asia Desk OECD Development

More information

Charting Philippines Economy, 1H 2017

Charting Philippines Economy, 1H 2017 Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

VIETNAM FOCUS. The Next Growth Story In Asia?

VIETNAM FOCUS. The Next Growth Story In Asia? The Next Growth Story In Asia? Vietnam s economic policy has dramatically transformed the nation since 9, spurring fast economic and social development. Consequently, Vietnam s economy took off booming

More information

CLMV and the AEC 2015 :

CLMV and the AEC 2015 : CLMV and the AEC 2015 : The Rising of Continental Southeast Asia and Its Implications to Taiwan Hugh Pei-Hsiu Chen President Taiwan Association of Southeast Asian Studies TASEAS to explore the economic

More information

Japan s Policy to Strengthen Economic Partnership. November 2003

Japan s Policy to Strengthen Economic Partnership. November 2003 Japan s Policy to Strengthen Economic Partnership November 2003 1. Basic Structure of Japan s External Economic Policy -Promoting Economic Partnership Agreements with closely related countries and regions

More information

Economic Trends Across the Asia Pacific Region. Pansy Yau Deputy Director of Research

Economic Trends Across the Asia Pacific Region. Pansy Yau Deputy Director of Research Economic Trends Across the Asia Pacific Region Pansy Yau Deputy Director of Research 2 Rebalancing of the World Economy % 70.00 65.00 60.00 55.00 50.00 45.00 40.00 35.00 Share of world total GDP (PPP)

More information

Understanding AEC : Implication for Thai Business MRS. SRIRAT RASTAPANA

Understanding AEC : Implication for Thai Business MRS. SRIRAT RASTAPANA Understanding AEC : Implication for Thai Business MRS. SRIRAT RASTAPANA Director-General Department of Trade Negotiations April 20, 2011 Outline of Presentation 1. Thailand vs. ASEAN 2. Development on

More information

AFTA as Real Free trade Area

AFTA as Real Free trade Area 1 Executive Summary AFTA as Real Free trade Area Submitted to Department of Business Economics Ministry of Commerce By Kwanjai Sothitorn Nualnoi Pongsa Arunsmith Mallikamas Treerat Pornchaiwiseskul January

More information

Economic Development: Miracle, Crisis and Regionalism

Economic Development: Miracle, Crisis and Regionalism Economic Development: Miracle, Crisis and Regionalism Min Shu School of International Liberal Studies Waseda University 18 Dec 2017 IR of Southeast Asia 1 Outline of the Lecture Southeast Asian economies

More information

ASEAN ECONOMIC BULLETIN January 2016

ASEAN ECONOMIC BULLETIN January 2016 ASEAN ECONOMIC BULLETIN January 2016 HIGHLIGHTS Although 2016 started with heightened global uncertainty, it could be a better year for ASEAN s economy, equivalent to the world s 7 th largest. The IMF

More information

ASEAN Cooperation on Trade in Health Services. Prince Mahidol Award Conference 2008

ASEAN Cooperation on Trade in Health Services. Prince Mahidol Award Conference 2008 ASEAN Cooperation on Trade in Health Services Prince Mahidol Award Conference 2008 30 January - 1 February 2008 Bangkok Prepared by Dr. Bounpheng Philavong, ASEAN Secretariat Outline of presentation An

More information

Towards ASEAN Economic Community 2025!

Towards ASEAN Economic Community 2025! ISSN 2335-6677 #43 2013 RESEARCHERS AT SINGAPORE S INSTITUTE OF SOUTHEAST ASIAN STUDIES SHARE THEIR UNDERSTANDING OF CURRENT EVENTS Singapore 8 Jul 2013 Towards ASEAN Economic Community 2025! By Sanchita

More information

Southeast Asia. Overview

Southeast Asia. Overview Southeast Asia Overview SE Asia, For many years, has been somewhat ignored by the West (especially the USA) Reasons- issues with Russia, China, Middle East, South Asia, and Vietnam Recent events have brought

More information

6. Policy Recommendations on How to Strengthen Financial Cooperation in Asia Wang Tongsan

6. Policy Recommendations on How to Strengthen Financial Cooperation in Asia Wang Tongsan 6. Policy Recommendations on How to Strengthen Financial Cooperation in Asia Wang Tongsan Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences -198- Since the Chiang Mai Initiative

More information

Multilateral Advocacy for Development of Co-operatives in ASEAN 25 July 2018

Multilateral Advocacy for Development of Co-operatives in ASEAN 25 July 2018 Multilateral Advocacy for Development of Co-operatives in ASEAN 25 July 2018 Jonathan Tan Head Culture and Information Division ASEAN Socio-Cultural Community OUTLINE Background on ASEAN and key initiatives

More information

Indonesia s Chairmanship of ASEAN 2011 and Future Relations of ASEAN-Australia

Indonesia s Chairmanship of ASEAN 2011 and Future Relations of ASEAN-Australia Indonesia s Chairmanship of ASEAN 2011 and Future Relations of ASEAN-Australia Monash Asia Institute, Monash University H. E. Ngurah Swajaya Ambassador/ Permanent Representative of the Republic of Indonesia

More information

UPDATE. Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta

UPDATE. Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta UPDATE Asia at the Crossroads: 5 forces transforming Asia-Pacific region Fraser Thompson, AlphaBeta Email: fraser.thompson@alphabeta.com Website: www.alphabeta.com 0 9 8 7 6 Million USD 500,000 USD 00,000

More information

TOWARD AN INTEGRATED ASEAN LABOR MARKET FOR ASEAN ECONOMIC COMMUNITY: PROSPECTS AND CHALLENGES FOR CLML COUNTRIES AND THE ROLE OF TAIWAN

TOWARD AN INTEGRATED ASEAN LABOR MARKET FOR ASEAN ECONOMIC COMMUNITY: PROSPECTS AND CHALLENGES FOR CLML COUNTRIES AND THE ROLE OF TAIWAN TOWARD AN INTEGRATED ASEAN LABOR MARKET FOR ASEAN ECONOMIC COMMUNITY: PROSPECTS AND CHALLENGES FOR CLML COUNTRIES AND THE ROLE OF TAIWAN NGUYEN HUY HOANG, PHD INSTITUTE FOR SOUTHEAST ASIAN STUDIES, HANOI,

More information

ASEAN: THE AEC IS HERE, FINALLY 2030: NOMINAL GDP USD TRILLION US CHINA EURO AREA ASEAN JAPAN UK $20.8 $34.6 IN IN

ASEAN: THE AEC IS HERE, FINALLY 2030: NOMINAL GDP USD TRILLION US CHINA EURO AREA ASEAN JAPAN UK $20.8 $34.6 IN IN 14: NOMINAL GDP USD TRILLION US EURO AREA CHINA JAPAN UK $2.9 $4.6 : THE AEC IS HERE, FINALLY $1.4 $13.4 $17.4 3: NOMINAL GDP USD TRILLION US CHINA EURO AREA JAPAN UK $6.8 $6.4 $8.5 $.8 $34.6 $33.6 $2.5

More information

The IISD Global Subsidies Initiative Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia

The IISD Global Subsidies Initiative Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia Barriers to Reforming Fossil Fuel Subsidies: Lessons Learned from Asia Tara Laan Global Subsidies Initiative 20 June 2014 Outline of presentation 1. Introduction to the GSI 2. Scale of fossil-fuel subsidies

More information

The Maghreb and Other Regional Initiatives: A Comparison

The Maghreb and Other Regional Initiatives: A Comparison 4 The Maghreb and Other Regional Initiatives: A Comparison CLAIRE BRUNEL Regions are growing in size and power, starting with the Maghreb s close neighbors in the European Union and extending to regional

More information

INDONESIA Rosemary Gallant. Counselor for Commercial Affairs

INDONESIA Rosemary Gallant. Counselor for Commercial Affairs INDONESIA 2015 Rosemary Gallant Counselor for Commercial Affairs Economic Outlook Government Policies Business Views Sectors of Opportunity Presentation Overview Indonesia Today 16th largest economy in

More information

Current Development Cooperation (DC) in the ASEAN Region

Current Development Cooperation (DC) in the ASEAN Region Current Development Cooperation (DC) in the ASEAN Region Dinur Krismasari Senior Representative, JICA Indonesia Session on New Forms of Development Cooperation and Their Potential for the ASEAN Region;

More information

The situation of trade relation between Vietnam and ASEAN

The situation of trade relation between Vietnam and ASEAN The situation of trade relation between Vietnam and ASEAN Nhung Thi Thai In 1988, a year before the Soviet Union collapsed, the 13th National Congress of the Communist Party of Vietnam adopted a resolution

More information

REFERENCE NOTE. No.5/RN/Ref./March/2018 INDIA AND ASEAN

REFERENCE NOTE. No.5/RN/Ref./March/2018 INDIA AND ASEAN MEMBERS REFERENCE SERVICE LARRDIS LOK SABHA SECRETARIAT NEW DELHI REFERENCE NOTE For the use of Members of Parliament NOT FOR PUBLICATION No.5/RN/Ref./March/2018 INDIA AND ASEAN Prepared by Smt. Neelam

More information

Human Development Index: Enhancing Indonesian Competitiveness in ASEAN Economic Community (AEC)

Human Development Index: Enhancing Indonesian Competitiveness in ASEAN Economic Community (AEC) Human Development Index: Enhancing Indonesian Competitiveness in ASEAN Economic Community (AEC) Wilson Bangun Faculty of Economics, Maranatha Christian University, Indonesia Jl. Taman Saturnus 1 No. 14,

More information

The Over View of Economic Situation and Strategy of Industrialization in CLMV

The Over View of Economic Situation and Strategy of Industrialization in CLMV The Over View of Economic Situation and Strategy of Industrialization in CLMV 1. Introduction 2. The Context of ASEAN and the Effectiveness of a Free Trade Area 3. The Strategy for the Economic Development

More information

Proliferation of FTAs in East Asia

Proliferation of FTAs in East Asia Proliferation of FTAs in East Asia Shujiro URATA Waseda University and RIETI April 8, 2005 Contents I. Introduction II. Regionalization in East Asia III. Recent Surge of FTAs in East Asia IV. The Factors

More information

ASEAN Community: ASEAN Political Security Community Public Seminar ASEAN: My Choice, My Future

ASEAN Community: ASEAN Political Security Community Public Seminar ASEAN: My Choice, My Future ASEAN Community: ASEAN Political Security Community Public Seminar ASEAN: My Choice, My Future 12 th December 2015 1. Background ASEAN: founded on 8 August 1967 by 5 countries ( Indonesia, Malaysia, Philippines,

More information

STRATEGIC PLAN OF CUSTOMS DEVELOPMENT : INTEGRATION AND MODERNISATION OF ASEAN CUSTOMS FOR ESTABLISHMENT OF THE ASEAN ECONOMIC COMMUNITY BY

STRATEGIC PLAN OF CUSTOMS DEVELOPMENT : INTEGRATION AND MODERNISATION OF ASEAN CUSTOMS FOR ESTABLISHMENT OF THE ASEAN ECONOMIC COMMUNITY BY ANNEX A STRATEGIC PLAN OF CUSTOMS DEVELOPMENT 2011-2015: INTEGRATION AND MODERNISATION OF ASEAN CUSTOMS FOR ESTABLISHMENT OF THE ASEAN ECONOMIC COMMUNITY BY 2015 Introduction 1. The Declaration of ASEAN

More information

China ASEAN Relations: Opportunities and Challenges for Development

China ASEAN Relations: Opportunities and Challenges for Development Rising Powers Workshop 1 Beijing, 15-16 July 2010 China ASEAN Relations: Opportunities and Challenges for Development Prof. Dr. Dang Nguyen Anh Vietnam Academy of Social Sciences (VASS) ASEAN The Association

More information

5 th International Federation of Surveyors Regional Conference for Africa

5 th International Federation of Surveyors Regional Conference for Africa 5 th International Federation of Surveyors Regional Conference for Africa 5 th International Federation of Surveyors Regional Conference for Africa Promoting Land Administration and Good Governance Implementing

More information

Romeo Jr. Abad Arca Assistant Director Community Relations Division

Romeo Jr. Abad Arca Assistant Director Community Relations Division Romeo Jr. Abad Arca Assistant Director Community Relations Division ASEAN: Association of South East Asian Nations 10 MEMBER STATES Brunei Darussalam (7 January 1984) Cambodia (30 April 1999) Indonesia

More information

Mizuho Economic Outlook & Analysis

Mizuho Economic Outlook & Analysis Mizuho Economic Outlook & Analysis The 18th Questionnaire Survey of Japanese Corporate Enterprises Regarding Business in Asia (February 18) - Japanese Firms Reevaluate China as a Destination for Business

More information

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement March 2016 Contents 1. Objectives of the Engagement 2. Systematic Country Diagnostic (SCD) 3. Country Context 4. Growth Story 5. Poverty Story 6.

More information

ASEAN Aims and Purposes

ASEAN Aims and Purposes Aims and Purposes (Bangkok Declaration 1967) To accelerate the economic growth, social progress and cultural development in the region through joint endeavours. To promote regional peace and stability

More information

Japan s s foreign policy. Lecturer: Dr. Masayo Goto

Japan s s foreign policy. Lecturer: Dr. Masayo Goto Japan s s foreign policy Lecturer: Dr. Masayo Goto 1 Major issues Two main pillars of Japan s foreign policy Japan s international contribution Economic aid (ODA) PKO activities Humanitarian aid (SDF dispatch

More information

Asean Economic Community. By Muhammad Dhafi Iskandar

Asean Economic Community. By Muhammad Dhafi Iskandar Asean Economic Community By Muhammad Dhafi Iskandar On 8 August 1967, the Foreign Ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand sat down together in the main hall of the Department

More information

Seminar on Trade Facilitation in East Asia November 2004, Shanghai, China

Seminar on Trade Facilitation in East Asia November 2004, Shanghai, China Seminar on Trade Facilitation in East Asia November 2004, Shanghai, China TRADE FACILITATION: Development Perspectives and Approaches of ASEAN in 2004 Presentation by Noordin Azhari Director, Bureau for

More information

The Challenge of Inclusive Growth: Making Growth Work for the Poor

The Challenge of Inclusive Growth: Making Growth Work for the Poor 2015/FDM2/004 Session: 1 The Challenge of Inclusive Growth: Making Growth Work for the Poor Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Cebu, Philippines

More information

BBVA EAGLEs. Emerging And Growth Leading Economies Economic Outlook. Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014

BBVA EAGLEs. Emerging And Growth Leading Economies Economic Outlook. Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014 BBVA EAGLEs Emerging And Growth Leading Economies Economic Outlook Annual Report 2014 Cross-Country Emerging Markets, BBVA Research March 2014 Index Key takeaways in 2013 Rethinking EAGLEs for the next

More information

ASEAN in the Global Economy An Enhanced Economic and Political Role

ASEAN in the Global Economy An Enhanced Economic and Political Role ASEAN in the Global Economy An Enhanced Economic and Political Role By Anita Prakash & Ikumo Isono 1. The Growth of ASEAN as a Major Economic Group 2. ASEAN Economic Community (AEC) as a Hub of Services

More information

Southeast Asian Economic Outlook With Perspectives on China and India, 2013

Southeast Asian Economic Outlook With Perspectives on China and India, 2013 Southeast Asian Economic Outlook With Perspectives on China and India, 2013 October 2012 I. What is the Outlook? First launched in 2010, the Southeast Asian Economic Outlook: With Perspectives on China

More information

Population. C.4. Research and development. In the Asian and Pacific region, China and Japan have the largest expenditures on R&D.

Population. C.4. Research and development. In the Asian and Pacific region, China and Japan have the largest expenditures on R&D. Statistical Yearbook for Asia and the Pacific 2013 C. Education and knowledge C.4. (R&D) is a critical element in the transition towards a knowledgebased economy. It also contributes to increased productivity,

More information

Pitchanuch Supavanich Senior Officer, ASEAN Socio-Cultural Community Department ASEAN Secretariat

Pitchanuch Supavanich Senior Officer, ASEAN Socio-Cultural Community Department ASEAN Secretariat ASEAN COOPERATION ON SOCIAL PROTECTION ILO-China-ASEAN High Level Seminar to achieve the SDGs on Universal Social Protection through South-South and Triangular Cooperation 6-8 September 2016 Beijing, China

More information

3. Similarities and differences between Thai culture and the cultures of Southeast Asia

3. Similarities and differences between Thai culture and the cultures of Southeast Asia 3. Similarities and differences between Thai culture and the cultures of Southeast Asia Thai society consists in a variety of people from different cultures who came to live together in what is today the

More information

Globalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009

Globalization GLOBALIZATION REGIONAL TABLES. Introduction. Key Trends. Key Indicators for Asia and the Pacific 2009 GLOBALIZATION 217 Globalization The People s Republic of China (PRC) has by far the biggest share of merchandise exports in the region and has replaced Japan as the top exporter. The largest part of Asia

More information

ASEAN and Asian Regionalism: Institutional Networks. Huong Le Thu Presentation for the NATSEM, UC Canberra 21 March 2013

ASEAN and Asian Regionalism: Institutional Networks. Huong Le Thu Presentation for the NATSEM, UC Canberra 21 March 2013 ASEAN and Asian Regionalism: Institutional Networks Huong Le Thu le2huong@gmail.com Presentation for the NATSEM, UC Canberra 21 March 2013 Outline I. ASEAN s origin and development Phases of ASEAN s enlargement

More information

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Ver: 2 Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Dr. Noeleen Heyzer Executive Secretary United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Bangkok

More information

ASEAN5 s economies have held up very well despite the global economic down turn, with domestic spending as the main driver.

ASEAN5 s economies have held up very well despite the global economic down turn, with domestic spending as the main driver. ASEAN5 s economies have held up very well despite the global economic down turn, with domestic spending as the main driver. Average GDP growth 2009-2012 Unit: %YOY 7 6 5 4 3 2 1 0 Contributions of GDP

More information

TRADE FACILITATION: Development Perspectives and Approaches of ASEAN in presented by

TRADE FACILITATION: Development Perspectives and Approaches of ASEAN in presented by TRADE FACILITATION: Development Perspectives and Approaches of ASEAN in 2004 presented by Noordin Azhari Director, Bureau for Economic Integration ASEAN Secretariat at the Seminar on Trade Facilitation

More information

Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas

Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas Push and Pull Factors for Japanese Manufacturing Companies Moving Production Overseas February 20, 2013 Tsunehiko Yanagihara Mitsubishi International Corporation/Washington Office OUTLINE 1. Hollowing-Out

More information

Turning Trade Opportunities and Challenges into Trade: Implications for ASEAN Countries

Turning Trade Opportunities and Challenges into Trade: Implications for ASEAN Countries Turning Trade Opportunities and Challenges into Trade: Implications for ASEAN Countries Dr. Ponciano Intal, Jr The OECD-WB Global Forum on Globalization, Comparative Advantage and Trade Policy Chengdu,

More information

ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE

ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE AIFTA ASEAN-INDIA STRATEGIC PARTNERSHIP AND DESIGN OF FUTURE REGIONAL TRADING ARCHITECTURE Agus Syarip Hidayat Economic Research Center, Indonesian Institute of Sciences (LIPI) Roundtable ASEAN-India Network

More information

Keynote Speech by H.E. Le Luong Minh Secretary-General of ASEAN at the ASEAN Insights Conference 11 September 2014, London

Keynote Speech by H.E. Le Luong Minh Secretary-General of ASEAN at the ASEAN Insights Conference 11 September 2014, London Keynote Speech by H.E. Le Luong Minh Secretary-General of ASEAN at the ASEAN Insights Conference 11 September 2014, London Mr Michael Lawrence, Chief Executive, Asia House Excellencies, Distinguished Guests,

More information

Assignment. "Economic Profile of Vietnam"

Assignment. Economic Profile of Vietnam PPG-525: Fundamental of Economics Assignment On "Economic Profile of Vietnam" Submitted to: Dr. Ahmed Tazmeen Department of Public Policy and Governance North South University Dhaka, Bangladesh Submitted

More information

1. East Asia. the Mekong region; (ii) environment and climate change (launch of the A Decade toward the Green Mekong. Part III ch.

1. East Asia. the Mekong region; (ii) environment and climate change (launch of the A Decade toward the Green Mekong. Part III ch. 1. East Asia East Asia consists of a variety of nations: countries such as Republic of Korea and Singapore, which have attained high economic growth and have already shifted from aid recipients to donors;

More information

ASEAN Integration & ICT Opportunities. Mark Hefner

ASEAN Integration & ICT Opportunities. Mark Hefner ASEAN Integration & ICT Opportunities Mark Hefner Contents Some ICT Information ASEAN Introduction AEC Introduction ICT & ASEAN Integration International Business International Trade Rules ASEAN Framework

More information

DOHA DECLARATION On the Occasion of the 5 th ACD Ministerial Meeting Doha, Qatar, 24 May 2006

DOHA DECLARATION On the Occasion of the 5 th ACD Ministerial Meeting Doha, Qatar, 24 May 2006 DOHA DECLARATION On the Occasion of the 5 th ACD Ministerial Meeting Doha, Qatar, 24 May 2006 WE, the Ministers of Foreign Affairs and other Heads of Delegation from 28 member countries of the ASIA Cooperation

More information

โอกาสและความท าทายของประเทศไทยในอนาคต

โอกาสและความท าทายของประเทศไทยในอนาคต โอกาสและความท าทายของประเทศไทยในอนาคต Thailand 22 Apirak Kosayodhin Apirak Kosayodhin Advisor to Prime Minister of Thailand Thailand has significantly changed in the past 2 years Improved quality of life

More information

ASEAN Cooperation & Harmonization

ASEAN Cooperation & Harmonization ASEAN Cooperation & Harmonization by Yuppadee JAVROONGRIT, Ph.D. Co-Chair of ACCSQ/, ASEAN Drug Control Division, FDA, Thailand The ICH-Global Cooperation Group Meeting Westin Michigan Ave. Hotel, Chicago,

More information

Hurdles towards the ASEAN Community

Hurdles towards the ASEAN Community 53 Hurdles towards the ASEAN Community In three years, all ten ASEAN countries will become the ASEAN Community, similar in form to the European Union. Each country is now carrying out necessary measures

More information

Prospects for future economic cooperation between China and Belt & Road countries

Prospects for future economic cooperation between China and Belt & Road countries www.pwccn.com Prospects for future economic cooperation between China and Belt & Road countries Top ten Belt & Road (B&R) economies account for 64% of overall GDP of B&R countries Content 1 Overview of

More information

PRESS STATEMENT. BY THE CHAIRPERSON OF THE 9th ASEAN SUMMIT AND THE 7th ASEAN + 3 SUMMIT BALI, INDONESIA, 7 OCTOBER 2003

PRESS STATEMENT. BY THE CHAIRPERSON OF THE 9th ASEAN SUMMIT AND THE 7th ASEAN + 3 SUMMIT BALI, INDONESIA, 7 OCTOBER 2003 PRESS STATEMENT BY THE CHAIRPERSON OF THE 9th ASEAN SUMMIT AND THE 7th ASEAN + 3 SUMMIT BALI, INDONESIA, 7 OCTOBER 2003 1. ASEAN leaders held a very productive meeting this morning following a working

More information

GDP Per Capita. Constant 2000 US$

GDP Per Capita. Constant 2000 US$ GDP Per Capita Constant 2000 US$ Country US$ Japan 38,609 United States 36,655 United Kingdom 26,363 Canada 24,688 Germany 23,705 France 23,432 Mexico 5,968 Russian Federation 2,286 China 1,323 India 538

More information

Trade, informality and jobs. Kee Beom Kim ILO Regional Office for Asia and the Pacific

Trade, informality and jobs. Kee Beom Kim ILO Regional Office for Asia and the Pacific Trade, informality and jobs Kee Beom Kim ILO Regional Office for Asia and the Pacific Decent Work for All ASIAN DECENT WORK DECADE 2006-2015 Outline Introduction: Linkage between trade, jobs and informality

More information

PUBLIC OPINION AND REGIONAL INTEGRATION

PUBLIC OPINION AND REGIONAL INTEGRATION PUBLIC OPINION AND REGIONAL INTEGRATION Public Opinion and Regional Integration 1 Public Opinion in the European Union Hadrien Hamana 2 Refugees in ASEAN and the EU Kou Kou 3 ASEAN-EU cooperation Victor

More information

Towards South Asian Economic Union- Trade Facilitation including Customs Cooperation

Towards South Asian Economic Union- Trade Facilitation including Customs Cooperation Towards South Asian Economic Union- Trade Facilitation including Customs Cooperation Shashank Priya Commissioner of Central Excise & Service Tax, Patna Linkage between TF and Trade Growth Several Studies

More information

Cambodia During Economic Integration Issues and Challenges

Cambodia During Economic Integration Issues and Challenges Cambodia During Economic Integration Issues and Challenges February 2007 Neou Seiha EIC Researcher 1 Contents 1. Evolution Cambodian Trade Policy 2. Cambodian Economic Situation during Integration 3. Challenges

More information

Current Situation and Outlook of Asia and the Pacific

Current Situation and Outlook of Asia and the Pacific Current Situation and Outlook of Asia and the Pacific Dr. Aynul Hasan, Chief, DPS, MPDD Dr. M. Hussain Malik, Chief, MPAS, MPDD High-level Policy Dialogue Macroeconomic Policies for Sustainable and Resilient

More information

Tourism, Poverty and Taxation: A Case of Thailand

Tourism, Poverty and Taxation: A Case of Thailand Tourism, Poverty and Taxation: A Case of Thailand Conference on Integrated Development of Sustainable Tourism for the GMS 2007: A Comparison of GMS Logistics System Phousi Hotel, Luang Prabang, Lao PDR

More information

Asian Development Bank

Asian Development Bank Asian Development Bank October 2015 President Takehiko Nakao Azerbaijan ADB Regional Members(48 economies) Uzbekistan Kazakhstan Georgia Armenia Turkmenistan Afghanistan Pakistan Kyrgyz Republic Mongolia

More information

China and India:Convergence and Divergence

China and India:Convergence and Divergence China and India:Convergence and Divergence I. "What China is good at, India is not and vice versa. The countries are inverted mirror of each other».. «very real possibility that China and India will in

More information

Inclusive Growth: Challenges For The East Asia Region

Inclusive Growth: Challenges For The East Asia Region Inclusive Growth: Challenges For The East Asia Region ADFIAP International CEO Forum XI New World Makati Hotel, Makati City, Dec 8, 2015 Rogier van den Brink Lead Economist and Program Leader World Bank

More information

The East Asian Community Initiative

The East Asian Community Initiative The East Asian Community Initiative and APEC Japan 2010 February 2, 2010 Tetsuro Fukunaga Director, APEC Office, METI JAPAN Change and Action The Initiative for an East Asian Community Promote concrete

More information

Presentation on Southeast Asia

Presentation on Southeast Asia Presentation on Southeast Asia 1 Who is this? 2 Who is this? 3 Who is this? 4 Who is this? 5 Who is this? 6 Geopolitical Themes: Asia 7 7 Apex of Japan s WWII Expansion 1942 8 8 Collapse of US focus and

More information

Hinrich Foundation Sustainable Trade Index Country overview: Indonesia

Hinrich Foundation Sustainable Trade Index Country overview: Indonesia Hinrich Foundation Sustainable Trade Index Country overview: Indonesia Indonesia ranks 14 th on inaugural Hinrich Foundation Sustainable Trade Index The country embarks on a development strategy to move

More information

SECTION THREE BENEFITS OF THE JSEPA

SECTION THREE BENEFITS OF THE JSEPA SECTION THREE BENEFITS OF THE JSEPA 1. Section Two described the possible scope of the JSEPA and elaborated on the benefits that could be derived from the proposed initiatives under the JSEPA. This section

More information

POLI 12D: International Relations Sections 1, 6

POLI 12D: International Relations Sections 1, 6 POLI 12D: International Relations Sections 1, 6 Spring 2017 TA: Clara Suong Chapter 10 Development: Causes of the Wealth and Poverty of Nations The realities of contemporary economic development: Billions

More information