ASEAN common market. Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen

Size: px
Start display at page:

Download "ASEAN common market. Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen"

Transcription

1 ASEAN common market Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen

2 Agenda Did we achieve the common market? Future of regional auto industry Business implications 2

3 Common market is a stage of regional integration thru free movement of production factors Free trade area Custom union Common market Economic and monetary union Complete integration Diminishing trade barrier toward 0% + Common external tariffs (CET) + Freedom of production factor movement + Common economic policy, currency + Common foreign affairs policy or internal affairs EFTA* CEFTA** NAFTA European common market (1957) ASEAN Mercosur*** European Community (EC) AEC EEA**** European Union (EU) Note: *EFTA: European Free trade Association Iceland, Liechtenstein, Norway, Switzerland, ** Central European free trade agreement: Poland, Hungary, Czech, Albania, Bosnia, Serbia, Slovenia ***Mercosur: Argentina, Brazil, Paraguay, and Uruguay ****European Economic Area: EU+EFTA Source: EIC analysis based on Balassa (1967) 3

4 Car producers have benefited from regional agreements reflecting in their regional supply chain EU NAFTA China ASEAN +6 LAFTA Source: EIC analysis 4

5 Key imports are limited to crossover segments, comprising less than 10% of sales in Thailand Top imports 2017 Sales 6,665 90% 10% 6,426 4,868 4,835 3,815 1,815 Source: EIC analysis based on data from Headlightmag 5

6 EU: Other efforts to promote a single market Driving license: Single license valid throughout EU Only apply license in the country where you live (at least 185 days) No EU rules on driving training Driving license Common customs tariff Car market in EU Common custom tariff: 0% within EU zone Car registratio n Car registration: Register car where you live. Moving <6 months no need to register Moving >6 months register asap Consumer rights: Receive protect by EU consumer right, 2 years guarantee if the car you purchased turns out to be faulty or not as advertised Consumer right Insurance Insurance: 3 rd party insurance valid in all other EU countries Source: EIC analysis base on Europa.eu, Goldberg and Verboven (2000), Dvir and Strasser (2014) 6

7 EU: Small price dispersion could also be observed, due to differences in features, VAT, markup, and other issues Car price comparison in EU Price dispersion factors Unit: Euro VAT* (17% - 27%) Markup by country preferences Country Benz E-class 220d Toyota Yaris 1.0 VVT benzyne Italy 55,964 15,150 Spain 52,100 14,300 Ireland 50,325 16,950 France 49,950 14,750 Slovenia 49,840 12,750 Germany 47,338 13,490 Features Price Other issues Features: such AC or safety rule but depends on customer willingness to pay (WTP) VAT: Buying new car in EU countries requires VAT payment in the country where register car Markup: Country preferences such as Italian prefer Italian car Issues: dealer choosing, grey market, car registration Note: *VAT: Germany 19%, France 20%, Spain 21%, Slovenia and Italy 22%, Ireland 23% Source: EIC analysis based on Europa.eu, Goldberg and Verboven (2000), Dvir and Strasser (2014) 7

8 ASEAN: Intraregional trade within ASEAN has been increasing despite existing trade/non-trade regulations Intraregional trade of auto in ASEAN Cross border agreement in AEC Unit: USD billion (HS87) Brunei Darussalam Thailand Philippines Indonesia Singapore Vietnam Malaysia Laos Cambodia Land transport: Highway, Signs, safety % s Driving license National Single window AEC Insurance Car inspection Source: EIC analysis based on Trademap, ASEAN.org 8

9 ASEAN: High price dispersion could be observed among ASEAN markets, despite being viewed as a part of Asia Car price comparison in ASEAN Players geographical segmentation Unit: $, Local currency Country Benz E-class Avantgarde * Thailand $114,595* (3,580,000) Indonesia $79,030 (1,129,000,000) Malaysia $89,102 (378,888) Singapore** $191,818 (269,888) Philippines $84,244 (4,390,000) VIOS E $21,768 (679,000) $20,244 (289,200,000) $20,934 (81,980) $62,256 (84,988) $18,269 (953,000) Cambodia - $31,000 Brand Asia Europe North America Others Japan Middle East, India, ASEAN China, Japan, NAFTA South America Note: *e350e avantgarde for Thailand,Indonesia, Malaysia. Singapore e250 avantgarde CKD **Factors added on Open market value price (OMV): Additional Registration Fee (ARF), Excise Duty (20%) and GST (7%), Dealers margin and Certificate of Entitlement (COE) Source: EIC analysis based on OTP, MD 9

10 ASEAN: While tariff has decreased, NTMs have increased over time which are mostly TBT in Automotive Note: *SPS: Sanitary and phytosanitary TBT: Technical barrier to trade Source: ERIA 10

11 ASEAN: There are high numbers of NTMs in ASEAN and around 700 products in auto sector are affected by NTMs NTMs in ASEAN in 2015 Unit: measures NTMs by sectors Unit: tariff lines SPS TBT Export-related measures others Machinery/ electricl Chemical Textiles 860 1,243 1,912 1,614 Vegetable 765 Animal 669 Wood 669 Metal 669 Transports (Auto) Foodstuffs Miscellaneous Plastic Stone Mineral products Raw leather Fottwear 0 TH PH MY IN SG BN VN LA KH MM Source: EIC analysis based on ERIA 11

12 THAILAND: ASEAN and Oceania are key destinations, although shares have been stagnant Thai car exports Unit: USD billion (HS8703) Thai pick up exports* Unit: USD billion (HS8704) Thai car part exports Unit: USD billion (HS8708) ASEAN Oceania Middle East NAFTA EU China Japan Chile % % % % % % s 24% % Source: EIC analysis based on Trademap 12

13 Agenda Did we achieve the common market? Future of regional auto industry Business implications 13

14 Regional vehicle market is expected to see just above 4 million units by 2023, which is just 70% total capacity ASEAN vehicle sales Unit: Million units Thailand Malaysia Indonesia Philippines Vietnam Other Capacity (2016) = 6 million units 4.1% % CAGR +8% +8% +5% % % E 2019F 2020F 2021F 2022F 2023F Source: EIC analysis based on data from OICA 14

15 Including exports, regional production is expected at 5 million units in 2023 mainly contributed by expansion in Indonesia ASEAN vehicle production Unit: Million units Thailand Malaysia Indonesia Philippines Vietnam Capacity (2016) +3.6% +5.5% = 6 million units CAGR +6% +5% +7% % % E 2019F 2020F 2021F 2022F 2023F Source: EIC analysis based on data from OICA 15

16 Only the Philippines and Vietnam may face small squeezing on capacity ASEAN motor car production 2023F vs current production capacity Unit: Million units 2023F Capacity (2016) Thailand Malaysia Indonesia Philippines Vietnam Source: EIC analysis based on data from OICA 16

17 Beyond regional: PC Back-up Source: EIC analysis based on data from MOC (2017) 17

18 Beyond regional: CV Back-up Source: EIC analysis based on data from MOC (2017) 18

19 Beyond regional: Parts Back-up Source: EIC analysis based on data from MOC (2017) 19

20 Agenda Did we achieve the common market? Future of regional auto industry Business implications 20

21 EU: Car makers essentially produce where it makes sense Source: MPRA (2014) 21

22 NAFTA: Non-American carmakers have increased production capacity in the US Source: Nikkei 22

23 ASEAN+1: After 2017, Australia will be the only major industrial country with no vehicle assembly whatsoever * It took less than 15 years from the summit to the bottom Unit: Units *Stanford (2017) Source: EIC analysis based on data from Key Automotive Statistics Australia 23

24 Growth of GDP per capita High growth could not be expected in Thailand as previously Relationship between growth of GDP per capita and growth of workforce Unit: % 8% 7% 6% 5% 4% 3% 2% 1% It is not easy to reach 3% growth % -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Growth of labor force Source: EIC analysis based on data from World Bank

25 Production growth of selected emerging countries* outpaced that of the world, resulting in a significantly higher share Global Motor Vehicle Production Unit: Thousand Vehicles CAGR ( ) 67,126 29% 94,784 7% 17% 30% Total Others Selected emerging countries China +4% -1% +7% +16% 71% 47% Tier 1 Production Countries (Developed Countries) -1% * Selected countries are South Africa, Slovakia, Indonesia, Czech Republic, Turkey, Thailand, Mexico and India. Source: EIC analysis based on data from OICA 25

26 Mexico and India are the two largest producers in the selected group Motor Vehicles Production Unit: Thousand Vehicles % share of world s total production 0.6% 1.1% 1.2% 1.4% 1.6% 2.1% 3.8% 4.7% South Africa Slovakia Indonesia Czech Republic Turkey Thailand Mexico India CAGR ( ) 1% 15% 8% 8% 5% 5% 7% 10% 4,489 3, , , ,350 1, ,123 1,944 1,684 1, Source: EIC analysis based on data from OICA 26

27 South Africa, Indonesia, Turkey and India are mainly producing to serve domestic demands Motor Vehicles Sales and Exports Unit: Thousand Vehicles South Africa Slovakia Indonesia Czech Republic Turkey Thailand Mexico India 4,489 Exports* Domestic Sales 3,597 18% 54% 1,944 1,350 1,486 82% 1,177 1,040 11% 32% 60% % 46% 9% 90% 89% 68% 91% 40% 10% 22% *Exports = Production Domestic sales Source: EIC analysis based on data from OICA 27

28 Disclaimer The information contained in this report has been obtained from sources believed to be reliable. However, neither we nor any of our respective affiliates, employees or representatives make any representation or warranty, express or implied, as to the accuracy or completeness of any of the information contained in this report, and we and our respective affiliates, employees or representatives expressly disclaim any and all liability relating to or resulting from the use of this report or such information by the recipient or other persons in whatever manner. Any opinions presented herein represent our subjective views and our current estimates and judgments based on various assumptions that may be subject to change without notice, and may not prove to be correct. This report is for the recipient s information only. It does not represent or constitute any advice, offer, recommendation, or solicitation by us and should not be relied upon as such. We, or any of our associates, may also have an interest in the companies mentioned herein.

29 29

Chapter 9. Regional Economic Integration

Chapter 9. Regional Economic Integration Chapter 9 Regional Economic Integration Global Talent Crunch The Global Talent Crunch Over the next decade, it is estimated that the growth in demand for collegeeducated talent will exceed the growth in

More information

Lessons learned in the negotiation of the Pacific Alliance on IRC.

Lessons learned in the negotiation of the Pacific Alliance on IRC. Lessons learned in the negotiation of the Pacific Alliance on IRC. Gastón Fernández Sch. Head Regulatory Department General Directorate for International Economic Affair Ministry of Foreign Affairs Chile

More information

SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD

SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SEPTEMBER TRADE WATCH SEPTEMBER TRADE UPDATE ASIA TAKES THE LEAD All regions show an

More information

Belgium s foreign trade

Belgium s foreign trade Belgium s FIRST 9 months Belgium s BELGIAN FOREIGN TRADE AFTER THE FIRST 9 MONTHS OF Analysis of the figures for (first 9 months) (Source: eurostat - community concept*) After the first nine months of,

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

WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS

WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS WORLDWIDE DISTRIBUTION OF PRIVATE FINANCIAL ASSETS Munich, November 2018 Copyright Allianz 11/19/2018 1 MORE DYNAMIC POST FINANCIAL CRISIS Changes in the global wealth middle classes in millions 1,250

More information

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - JUNE 2014 (PRELIMINARY DATA)

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - JUNE 2014 (PRELIMINARY DATA) BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - JUNE 2014 (PRELIMINARY DATA) In the period January - June 2014 Bulgarian exports to the EU increased by 2.8% to the corresponding the year and amounted to

More information

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - FEBRUARY 2017 (PRELIMINARY DATA)

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - FEBRUARY 2017 (PRELIMINARY DATA) BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - FEBRUARY 2017 (PRELIMINARY DATA) In the period January - February 2017 Bulgarian exports to the EU increased by 9.0% to the same 2016 and amounted to 4 957.2

More information

Lecture 4 Multilateralism and Regionalism. Hyun-Hoon Lee Professor Kangwon National University

Lecture 4 Multilateralism and Regionalism. Hyun-Hoon Lee Professor Kangwon National University Lecture 4 Multilateralism and Regionalism Hyun-Hoon Lee Professor Kangwon National University 1 The World Trade Organization (WTO) General Agreement on Tariffs and Trade (GATT) A multilateral agreement

More information

The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European Export Champion!

The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European Export Champion! WKO 2005_engl->Gerin 01.12.2005 14:12 Uhr Seite 1 Dear Teachers and Pupils! The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. September 2010

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. September 2010 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT September 2010 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara,

More information

BULGARIAN TRADE WITH EU IN JANUARY 2017 (PRELIMINARY DATA)

BULGARIAN TRADE WITH EU IN JANUARY 2017 (PRELIMINARY DATA) BULGARIAN TRADE WITH EU IN JANUARY 2017 (PRELIMINARY DATA) In January 2017 Bulgarian exports to the EU increased by 7.2% month of 2016 and amounted to 2 426.0 Million BGN (Annex, Table 1 and 2). Main trade

More information

Economic integration: an agreement between

Economic integration: an agreement between Chapter 8 Economic integration: an agreement between or amongst nations within an economic bloc to reduce and ultimately remove tariff and nontariff barriers to the free flow of products, capital, and

More information

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - MARCH 2016 (PRELIMINARY DATA)

BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - MARCH 2016 (PRELIMINARY DATA) BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - MARCH 2016 (PRELIMINARY DATA) In the period January - March 2016 Bulgarian exports to the EU grew by 2.6% in comparison with the same 2015 and amounted to

More information

Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli

Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli Global Marketing Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli Chapter 3 Regional Trade and Emerging Markets Learning objectives After reading

More information

2014 BELGIAN FOREIGN TRADE

2014 BELGIAN FOREIGN TRADE 2014 BELGIAN FOREIGN TRADE 2 3 01 \\ EXPORTS 6 1.1 Geographical developments 1.2 Sectoral developments 02 \\ IMPORTS 14 2.1 Geographical developments 2.2 Sectoral developments 03 \\ GEOGRAPHICAL TRADE

More information

International Business

International Business International Business 10e By Charles W.L. Hill Copyright 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. March 2010

KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT. March 2010 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT March 2010 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara, Phnom

More information

The EU on the move: A Japanese view

The EU on the move: A Japanese view The EU on the move: A Japanese view H.E. Mr. Kazuo KODAMA Ambassador of Japan to the EU Brussels, 06 February 2018 I. The Japan-EU EPA Table of Contents 1. World GDP by Country (2016) 2. Share of Japan

More information

New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y (212)

New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y (212) New York County Lawyers Association Continuing Legal Education Institute 14 Vesey Street, New York, N.Y. 10007 (212) 267-6646 Who is Who in the Global Economy And Why it Matters June 20, 2014; 6:00 PM-6:50

More information

International Business Global Edition

International Business Global Edition International Business Global Edition By Charles W.L. Hill (adapted for LIUC2016 by R.Helg) Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 9 Regional Economic Integration

More information

3) The European Union is an example of integration. A) regional B) relative C) global D) bilateral

3) The European Union is an example of integration. A) regional B) relative C) global D) bilateral 1 International Business: Environments and Operations Chapter 7 Economic Integration and Cooperation Multiple Choice: Circle the one best choice according to the textbook. 1) integration is the political

More information

The Diversity. of Non-Tariff Measures. FIW-Workshop From Tariffs to Standards: Assessing the Role of Non-Tariff Measures Vienna, 21 October 2016

The Diversity. of Non-Tariff Measures. FIW-Workshop From Tariffs to Standards: Assessing the Role of Non-Tariff Measures Vienna, 21 October 2016 Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies www.wiiw.ac.at FIW-Workshop From Tariffs to Standards: Assessing the Role of Non-Tariff

More information

Tourism Highlights International Tourist Arrivals, Average Length of Stay, Hotels Occupancy & Tourism Receipts Years

Tourism Highlights International Tourist Arrivals, Average Length of Stay, Hotels Occupancy & Tourism Receipts Years KINGDOM OF CAMBODIAA NATION RELIGION KING 3 TOURISM STATISTICS REPORT Oct tober 2013 MINISTRY OF TOURISM Statisticss and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khann 7 Makara,

More information

1. Why do third-country audit entities have to register with authorities in Member States?

1. Why do third-country audit entities have to register with authorities in Member States? Frequently Asked Questions (FAQ) Form A Annex to the Common Application Form for Registration of Third-Country Audit Entities under a European Commission Decision 2008/627/EC of 29 July 2008 on transitional

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

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

The High Cost of Low Educational Performance. Eric A. Hanushek Ludger Woessmann

The High Cost of Low Educational Performance. Eric A. Hanushek Ludger Woessmann The High Cost of Low Educational Performance Eric A. Hanushek Ludger Woessmann Key Questions Does it matter what students know? How well is the United States doing? What can be done to change things? Answers

More information

Mapping physical therapy research

Mapping physical therapy research Mapping physical therapy research Supplement Johan Larsson Skåne University Hospital, Revingevägen 2, 247 31 Södra Sandby, Sweden January 26, 2017 Contents 1 Additional maps of Europe, North and South

More information

Global Trends in Location Selection Final results for 2005

Global Trends in Location Selection Final results for 2005 Global Business Services Plant Location International Global Trends in Location Selection Final results for 2005 September, 2006 Global Business Services Plant Location International 1. Global Overview

More information

VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN

VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN Country Diplomatic Service National Term of visafree stay CIS countries 1 Azerbaijan visa-free visa-free visa-free 30 days 2 Kyrgyzstan visa-free visa-free visa-free

More information

Market Briefing: Trade-Weighted Dollar

Market Briefing: Trade-Weighted Dollar Market Briefing: Trade-Weighted Dollar February 12, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at blog.

More information

EU exports to Indonesia, Malaysia and Thailand

EU exports to Indonesia, Malaysia and Thailand EU exports to Indonesia, Malaysia and Note prepared for the Malaysian Palm Oil Council May 2018 EU exports of goods to Indonesia, Malaysia and amounted to EUR 39.5 billion in 2017 and supported at least

More information

Toward Inclusive Growth in Indonesia : Improving Trade and Employment

Toward Inclusive Growth in Indonesia : Improving Trade and Employment Toward Inclusive Growth in Indonesia : Improving Trade and Employment Guntur Sugiyarto*) Asian Development Bank Conference on Trade and Employment in a Globalized World. Jakarta, Indonesia, 1-11 Desember

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

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

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

Taiwan s Development Strategy for the Next Phase. Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan

Taiwan s Development Strategy for the Next Phase. Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan Taiwan s Development Strategy for the Next Phase Dr. San, Gee Vice Chairman Taiwan External Trade Development Council Taiwan 2013.10.12 1 Outline 1. Some of Taiwan s achievements 2. Taiwan s economic challenges

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

Year. Fig.1 Population projections

Year. Fig.1 Population projections Outline of DNE21+ Model - Population, GDP Estimates- March 25, 28 1. Population Statistics from United Nations 26 are used. (UN, World Population Prospects:The 26 Revision. http://esa.un.org/unpp/) (Figure

More information

2013 (received) 2015 (received) Local Local Local Local currency. currency (millions) currency. (millions)

2013 (received) 2015 (received) Local Local Local Local currency. currency (millions) currency. (millions) Table 1. UNDP regular resources: contributions received or pledged in - figures are based on contribution amounts already received or officially pledged. (For contributions received, the UN echange rates

More information

International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB

International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB NDS and I2ES User Group Meeting 3-5 October 2017 What is I2ES? Expedite import and export

More information

E-Commerce Development in Asia and the Pacific

E-Commerce Development in Asia and the Pacific 2013/ SOM3/CTI/WKSP1/015 e-commerce Development in Asia and the Pacific Submitted by: ESCAP Workshop on Building and Enhancing FTA Negotiation Skills on e-commerce Medan, Indonesia 27-28 June 2013 E-Commerce

More information

the United Kingdom Furniture Produced by IAR Team Focus Technology Co., Ltd.

the United Kingdom Furniture Produced by IAR Team Focus Technology Co., Ltd. 2010-2013 the United Kingdom Furniture 2013.10 Produced by IAR Team Focus Technology Co., Ltd. Contents 1. The United Kingdom Furniture Imports from 2010 to 2012...4 1.1. The United Kingdom Seats and Parts

More information

QGIS.org - Donations and Sponsorship Analysis 2016

QGIS.org - Donations and Sponsorship Analysis 2016 QGIS.org - Donations and Sponsorship Analysis 2016 QGIS.ORG received 1128 donations and 47 sponsorships. This equals to >3 donations every day and almost one new or renewed sponsorship every week. The

More information

Assessing Intraregional Trade Facilitation Performance: ESCAP's Trade Cost Database and Business Process Analysis Initiatives

Assessing Intraregional Trade Facilitation Performance: ESCAP's Trade Cost Database and Business Process Analysis Initiatives WTO/ESCAP Seventh ARTNeT Capacity Building Workshop for Trade Research, 12-16 16 September 2011, Yogyakarta, Indonesia Assessing Intraregional Trade Facilitation Performance: ESCAP's Trade Cost Database

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

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

SKILLS, MOBILITY, AND GROWTH

SKILLS, MOBILITY, AND GROWTH SKILLS, MOBILITY, AND GROWTH Eric Hanushek Ludger Woessmann Ninth Biennial Federal Reserve System Community Development Research Conference April 2-3, 2015 Washington, DC Commitment to Achievement Growth

More information

Consumer Barometer Study 2017

Consumer Barometer Study 2017 Consumer Barometer Study 2017 The Year of the Mobile Majority As reported mobile internet usage crosses 50% 2 for the first time in all 63 countries covered by the Consumer Barometer Study 1, we look at

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

March 2016 Potential and Outlook for the

March 2016 Potential and Outlook for the March 2016 Potential and Outlook for the Pacific Alliance Outline 1 Pacific Alliance: aiming for integration into the global economy 2 Pacific Alliance: outlook and challenges Page 2 China United States

More information

China s Aid Approaches in the Changing International Aid Architecture

China s Aid Approaches in the Changing International Aid Architecture China s Aid Approaches in the Changing International Aid Architecture Mao Xiaojing Deputy Director, Associate Research Fellow Chinese Academy of International Trade and Economic Cooperation (CAITEC) MOFCOM,

More information

Charting Cambodia s Economy, 1H 2017

Charting Cambodia s Economy, 1H 2017 Charting Cambodia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 HELPING EXECUTIVES AROUND

More information

South Africa - A publisher s perspective. STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations

South Africa - A publisher s perspective. STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations South Africa - A publisher s perspective STM/PASA conference 11 June, 2012, Cape Town Mayur Amin, SVP Research & Academic Relations 0 As a science information company, we have a unique vantage point on

More information

Classification of Non-tariff Measures in Cambodia

Classification of Non-tariff Measures in Cambodia Chapter 4 Classification of Non-tariff Measures in Cambodia Chap Sotharith Cambodian Institute for Cooperation and Peace C. Ruth Elisabeth L. Tobing Center for Inclusive and Sustainable Development Prasetiya

More information

SUMMARY CONTENTS. Volumes IA and IB

SUMMARY CONTENTS. Volumes IA and IB SUMMARY CONTENTS s IA and IB Foreword... ix xiii Preface... xi xv Outline of Topics... xii xvii Detailed Contents... xxv xxix Finding List of Countries, International Entities, and Special Topics... cxvii

More information

Chart Collection for Morning Briefing

Chart Collection for Morning Briefing Chart Collection for Morning Briefing November 1, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 1 1 Figure 1. US TREASURY

More information

World Summit of Local and Regional Leaders october 2016 Bogota, Colombia Visa Guide

World Summit of Local and Regional Leaders october 2016 Bogota, Colombia Visa Guide World Summit of Local and Regional Leaders 12-15 october 2016 Bogota, Colombia Visa Guide Visa waiver and online application Not all participants require a visa. Visa waiver applies i.a. to nationals of

More information

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level *4898249870-I* GEOGRAPHY 9696/31 Paper 3 Advanced Human Options October/November 2015 INSERT 1 hour 30

More information

The Anti-Counterfeiting Network. Ronald Brohm Managing Director

The Anti-Counterfeiting Network. Ronald Brohm Managing Director The Anti-Counterfeiting Network Ronald Brohm Managing Director brief history More than 25 years experience in fighting counterfeiting Headquarters are based in Amsterdam, The Netherlands + 85 offices and

More information

A. Visa exemption for a maximum of 14, 30 or 90 days for ordinary passport holders. Visa exemption for a maximum of 14 days

A. Visa exemption for a maximum of 14, 30 or 90 days for ordinary passport holders. Visa exemption for a maximum of 14 days FOR PARTICIPANTS ONLY 5 June 2013 UNITED NATIONS ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC WTO/ESCAP Ninth ARTNeT Capacity Building Workshop for Trade Research Trade Flows and Trade Policy

More information

European integration : Where do we stand? What are the Challenges?

European integration : Where do we stand? What are the Challenges? European integration : Where do we stand? What are the Challenges? By Dr. Peter Moser Director of the Research Unit for Economic Policy,Professor for Economics at the University of Applied Sciences HTW

More information

International students travel in Europe

International students travel in Europe International students travel in Europe Student immigration advisers Student Information Tuesday 12 April 2016 Travelling in Europe: what is the Schengen Agreement? A treaty signed near Schengen on 14

More information

24 Negocios infographics oldemar. Mexico Means

24 Negocios infographics oldemar. Mexico Means 2 Negocios infographics oldemar Mexico Means Mexico s Means Partner opportunity enersave OPPORTUNITY 2 Negocios INFOGRAPHICS OLDEMAR MEET MEXICO MEXICO IS A big country Mexico is part of North America,

More information

International investment resumes retreat

International investment resumes retreat FDI IN FIGURES October 213 International investment resumes retreat 213 FDI flows fall back to crisis levels Preliminary data for 213 show that global FDI activity declined by 28% (to USD 256 billion)

More information

General Directorate for Economic and Cultural Promotion and Innovation. General Director, Mr. Vincenzo de Luca

General Directorate for Economic and Cultural Promotion and Innovation. General Director, Mr. Vincenzo de Luca General Directorate for Economic and Cultural Promotion and Innovation General Director, Mr. Vincenzo de Luca STEERING COMMITTEE MINISTRY OF FOREIGN AFFAIRS CO-CHAIRED MINISTRY FOR ECONOMIC DEVELOPMENT

More information

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS Results from the World Economic Forum Executive Opinion Survey 2017 Survey and

More information

PISA 2009 in Hong Kong Result Release Figures and tables accompanying press release article

PISA 2009 in Hong Kong Result Release Figures and tables accompanying press release article PISA 2009 in Hong Kong Result Release Figures and tables accompanying press release article Figure 1-8 and App 1-2 for Reporters Figure 1 Comparison of Hong Kong Students' Performance in Reading, Mathematics

More information

Education Quality and Economic Development

Education Quality and Economic Development Education Quality and Economic Development Eric A. Hanushek Stanford University Bank of Israel Jerusalem, June 2017 Sustainable Development Goals (SDGs) Development = Growth Growth = Skills Conclusions

More information

Equity and Excellence in Education from International Perspectives

Equity and Excellence in Education from International Perspectives Equity and Excellence in Education from International Perspectives HGSE Special Topic Seminar Pasi Sahlberg Spring 2015 @pasi_sahlberg Evolution of Equity in Education 1960s: The Coleman Report 1970s:

More information

2 EU exports to Indonesia Malaysia and Thailand across

2 EU exports to Indonesia Malaysia and Thailand across 1 EU exports to Indonesia Malaysia and In 2017, the EU exported goods to Indonesia Malaysia and worth EUR 39.5 billion. This is equivalent to 2.1 per cent of total EU exports of goods to non-eu countries.

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

The Conference Board Total Economy Database Summary Tables November 2016

The Conference Board Total Economy Database Summary Tables November 2016 The Conference Board Total Economy Database Summary Tables November 2016 About This document contains a number of tables and charts outlining the most important trends from the latest update of the Total

More information

Manufacturing in Mexico

Manufacturing in Mexico Manufacturing in Mexico Picture: Flickr: José Luis Ruiz Emilio Cervantes Pacheco, MSc Student February 23 rd, 2016. e.cervantes@cranfield.ac.uk Why Mexico? High-productivity and low-cost center. Productivity

More information

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Articles Articles Articles Articles Articles CENTRAL EUROPEAN REVIEW OF ECONOMICS & FINANCE Vol. 2, No. 1 (2012) pp. 5-18 Slawomir I. Bukowski* GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Abstract

More information

Japan s s Strategy for Regional Trade Agreements

Japan s s Strategy for Regional Trade Agreements Japan s s Strategy for Regional Trade Agreements JEF-AIM Symposium February, 4, 2005, Manila Yasuo Tanabe Vice President, RIETI (This Paper is based on METI, but rearranged by the author. It is the author

More information

Contributions to UNHCR For Budget Year 2014 As at 31 December 2014

Contributions to UNHCR For Budget Year 2014 As at 31 December 2014 1 UNITED STATES OF AMERICA 1,280,827,870 2 EUROPEAN UNION 271,511,802 3 UNITED KINGDOM 4 JAPAN 5 GERMANY 6 SWEDEN 7 KUWAIT 8 SAUDI ARABIA *** 203,507,919 181,612,466 139,497,612 134,235,153 104,356,762

More information

2015 (received) 2016 (received) 2017 (received) Local Local Local Local currency. currency. currency (millions) (millions)

2015 (received) 2016 (received) 2017 (received) Local Local Local Local currency. currency. currency (millions) (millions) Table 1. UNDP regular resources: contributions received or pledged in - figures are based on contribution amounts already received or officially pledged. (For contributions received, the UN echange rates

More information

BRAND. Cross-national evidence on the relationship between education and attitudes towards immigrants: Past initiatives and.

BRAND. Cross-national evidence on the relationship between education and attitudes towards immigrants: Past initiatives and. Cross-national evidence on the relationship between education and attitudes towards immigrants: Past initiatives and future OECD directions EMPLOYER BRAND Playbook Promoting Tolerance: Can education do

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

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 19 July 2013 AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 Australia is not the world s most generous country in its response to refugees but is just inside the top 25, according to

More information

This page of visa application requirements is available from by special permission of the Consulate concerned.

This page of visa application requirements is available from   by special permission of the Consulate concerned. VIETNAM Address of the Consulate General of the S.R. Vietnam: * 15/F, Great Smart Tower, 230 Wan Chai Road, Wan Chai, Hong Kong; (Left turning from Exit A3, Wanchai Station) * Tel: (852) 25914517; 25914510;

More information

Overview of JODI Gas Milestones and Beta Test Launch

Overview of JODI Gas Milestones and Beta Test Launch 3 rd Gas Data Transparency Conference 4-5 June 2013, Bali, Indonesia Overview of JODI Gas Milestones and Beta Test Launch Yuichiro Torikata Energy Analyst International Energy Forum Extending the JODI

More information

Markets in higher education

Markets in higher education Markets in higher education Simon Marginson Institute of Education (IOE) Conference on The State and Market in Education: Partnership or Competition? The Grundtvig Study Centre Aarhus University and LLAKES,

More information

The Future of Central Bank Cooperation

The Future of Central Bank Cooperation The Future of Central Bank Cooperation (An Outsider s Perspective) Beth Simmons Government Department Harvard University What are the conditions under which cooperation is likely to take place? Economic

More information

LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China *

LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China * ANNEX 1 LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China * ASIA Chinese Embassy in Afghanistan Chinese Embassy in Bangladesh Chinese Embassy

More information

2018 Social Progress Index

2018 Social Progress Index 2018 Social Progress Index The Social Progress Index Framework asks universally important questions 2 2018 Social Progress Index Framework 3 Our best index yet The Social Progress Index is an aggregate

More information

CHILE NORTH AMERICA. Egypt, Israel, Oman, Saudi Arabia and UAE. Barge service: Russia Federation, South Korea and Taiwan. USA East Coast and Panama

CHILE NORTH AMERICA. Egypt, Israel, Oman, Saudi Arabia and UAE. Barge service: Russia Federation, South Korea and Taiwan. USA East Coast and Panama EUROPE Bulgaria, Greece, Italy, Netherlands and Turkey Belgium, Denmark, France, Germany, Malta, Netherlands, Poland, Slovenia, Spain and UK Belgium, Germany, Gibraltar, Greece, Italy, Malta, Netherlands,

More information

Non-tariff Measures in the Lao People s Democratic Republic

Non-tariff Measures in the Lao People s Democratic Republic Chapter 6 Non-tariff Measures in the Lao People s Democratic Republic Amphaphone Sayasenh National Economic Research Institute, Lao People s Democratic Republic April 2016 This chapter should be cited

More information

Chapter 1: Globalization and International Business

Chapter 1: Globalization and International Business Chapter 1: Globalization and International Business Chapter Objectives 1-2 To define globalization and international business and show how they affect each other To understand why companies engage in international

More information

VIETNAM'S FTA AND IMPLICATION OF PARTICIPATING IN THE TPP

VIETNAM'S FTA AND IMPLICATION OF PARTICIPATING IN THE TPP VIETNAM'S FTA AND IMPLICATION OF PARTICIPATING IN THE TPP Nguyen Huy Hoang, PhD Institute for Southeast Asian Studies Vietnam Academy of Social Sciences Taipei, October 31 st, 2013 AGENDA VIETNAM INTEGRATION

More information

Putting the Experience of Chinese Inventors into Context. Richard Miller, Office of Chief Economist May 19, 2015

Putting the Experience of Chinese Inventors into Context. Richard Miller, Office of Chief Economist May 19, 2015 Putting the Experience of Chinese Inventors into Context Richard Miller, Office of Chief Economist May 19, 2015 Outline Data and Methods Growth in PTO Filings Focus on foreign co-invention Patent examination

More information

Presentation on TPP & TTIP Background and Implications. by Dr V.S. SESHADRI at Centre for WTO Studies New Delhi 3 March 2014

Presentation on TPP & TTIP Background and Implications. by Dr V.S. SESHADRI at Centre for WTO Studies New Delhi 3 March 2014 Presentation on TPP & TTIP Background and Implications by Dr V.S. SESHADRI at Centre for WTO Studies New Delhi 3 March 2014 Contents of Presentation 1. What is TPP? 2. What is TTIP? 3. How are these initiatives

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 1ST QUARTER 2018 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

2016 (received) Local Local Local Local currency. currency (millions) currency. (millions)

2016 (received) Local Local Local Local currency. currency (millions) currency. (millions) Table 1. UNDP regular resources: contributions received or pledged in - figures are based on contribution amounts already received or officially pledged. (For contributions received, the UN echange rates

More information

HUMAN RESOURCES IN R&D

HUMAN RESOURCES IN R&D HUMAN RESOURCES IN R&D This fact sheet presents the latest UIS S&T data available as of July 2011. Regional density of researchers and their field of employment UIS Fact Sheet, August 2011, No. 13 In the

More information

Countries for which a visa is required to enter Colombia

Countries for which a visa is required to enter Colombia Albania EASTERN EUROPE Angola SOUTH AFRICA Argelia (***) Argentina SOUTH AMERICA Australia OCEANIA Austria Azerbaijan(**) EURASIA Bahrain MIDDLE EAST Bangladesh SOUTH ASIA Barbados CARIBBEAN AMERICA Belgium

More information

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share Urbanized 0.2.4.6.8 1 $0-1000 $1000-2000 $2000-3000 $3000-4000 $4000-5000 1960 2010 Source: World Bank Welfare Economics

More information

Dr. Biswajit Dhar Professor Centre for Economic Studies and Planning Jawaharlal Nehru University New Delhi

Dr. Biswajit Dhar Professor Centre for Economic Studies and Planning Jawaharlal Nehru University New Delhi Dr. Biswajit Dhar Professor Centre for Economic Studies and Planning Jawaharlal Nehru University New Delhi Email: bisjit@gmail.con The Global Trading Regime Complex combination of bilateral, regional and

More information