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

Size: px
Start display at page:

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

Transcription

1 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 of Think Tanks (AINTT) Meeting Vientiane, Lao PDR, 10 September 2013

2 INTRODUCTION AIFTA has come into force since 1 January AIFTA is expected to influence the trajectory of the current and future international order: The Global Swing States The engine of economic growth in Asia under the Asian Century scenario BRICS Future regional trading architecture TPP vs. RCEP, AIFTA??? What are the roles of AIFTA to contribute in designing a future regional trading architecture?

3 ASEAN-INDIA FTA (AIFTA) Implementation of AIFTA has been responded positively by the business sector as indicated by the significant increase of total trade between ASEAN and India. Share of ASEAN s Trade with Selected Partner Countries Source: ASEAN Regional Information Exchange Database System (REXDBS).

4 Level of Liberalization by Country Under the ASEAN+nFTAs Among ASEAN+nFTAs, AIFTA is regarded as the FTA s lowest level liberalization. ASEAN ASEAN- Korea (%) ASEAN-China (%) ASEAN-ANZ (%) ASEAN-India (%) ASEAN- Japan (%) Average (%) Singapore Brunei Malaysia Thailand Indonesia Philippine Vietnam 84.3 n.a Cambodia Lao Myanmar Korea 92.2 China 94.6 ANZ 100 India 74.3 Japan 86.3 Average Source: Arata Kuno, Note: Data on Myanmar under the ASEAN-China FTA is missing for HS01-HS08.

5 AIFTA, a New Driver For Resurgence of Asia Three drivers of Asian growth in the future: the emerging Asian middle class; climate change; and the communications revolution Projection on the Population of Middle - Upper Class and GDP Per-capita Countries Middle Class Upper Class GDP per Middle Class Upper Class GDP per Population Population capita US$ Population Population capita US$ (million) (million) (PPP) (million) (million) (PPP) PRChina 1, ,100 1, ,800 India 1, ,200 1, ,700 Indonesia , ,400 Japan , ,700 Republic of Korea , ,600 Viet Nam , ,800 World , ,600 US , ,600 Germany , ,800 Source: Centennial Group projections, ADB Report 2011

6 REGIONAL TRADING ARCHITECTURE COMPARISONS RCEP RCEP is led by ASEAN to gather all separate non-asean FTAs. Born out of ASEAN+1 FTAs with China, India, Japan, South Korea, Australia and New Zealand Based on open accession clause, where membership can be expanded later as new countries sign FTA with ASEAN. Negotiations expected to start in 2013 and to be concluded by TPP o TPP is led by the US in line with its foreign policy objective of pivot Toward Asia. o Born out of P4 agreement between New Zealand, Brunei, Singapore and Chile in o APEC countries have been encouraged to join negotiations; also open to acces sion by non- APEC members. o Negotiations started in 2011 and are likely to be concluded by October 2013 CHARACTERISTICS Aims to form an integrated regional eco nomic agreement that is deeper than ex isting FTA cooperations and to support equitable economic development. Areas include: trade liberalization in goods, services and investment, techni cal cooperation, intellectual property, dispute settlement (WTO+ issues) o Aims to establish regional FTA that can tackle the challenges of 21st century. o Areas include: trade liberalization in goods, services, investment, intellectual property rights, environmental protec tion, labor, financial services, technical barriers to trade and other regulatory issue (WTO+ issues). TARGET OF AGREEMENT flexibility including provision for special and differential treatment, plus additional flexibility to the least-developed ASEAN Member States o high level and comprehensive Source: Basu Das, Sanchita., 2013 and Jayant Menon, 2013.

7 Participating Countries in RCEP and TPP RCEP TPP Cambodia Indonesia Lao Myanmar Philippine Thailand India China Korea Brunei Malaysia Singapore Vietnam Australia New Zealand Japan USA Canada Chile Mexico Peru Indicators RCEP TPP Population (billion) Population (% of world population) GDP (PPP, US$ Trillion) GDP (% of world GDP) Merchandise Trade (US$ Trillion) Merchandise Trade (% of world Merchandise Trade) Source: World Economic Outlook, IMF, October 2012 database, Basu Das, Sanchita., 2013

8 TPP vs. RCEP: Competition Between Two Giants? TPP as part of political scenario of USA in the Pacific region. USA has a strong concern over the emergence of China as a second largest economy in the world that will strengthen the China s influence in the region, particularly in Asia. USA has also concern on the effort of China to dominate ASEAN in the economic and security aspect. Medeiros (2005) views that the effort of China to embrace ASEAN is not only for the economic purpose, but also as China s hedging strategy to offset USA domination in the Asia. USA also has no interest to include India in the TPP negotiation.

9 In what respect, AIFTA can support RCEP as future regional trading architecture? a Strengthening unity of RCEP participating countries b Rebalancing power among RCEP participating countries c Bridging/ Hub to other regions

10 Strengthening unity of RCEP participating countries Some ASEAN countries have double membership both in RCEP and TPP. Disunity of ASEAN members into TPP and RCEP blocks could undermine ASEAN's centrality in the RCEP design. RCEP framework would provide more benefit to the ASEAN than that of TPP s scheme: ASEAN centrality will still be retained under RCEP scheme. TPP liberalization scheme is more suitable for the members who have relatively similar stage of development. RCEP can be regarded as an "exercise field" for ASEAN + nftas to compete in a wider and tighter competition. intra trade and regional production network (RPN) among RCEP members would increase significantly more than that in the TPP.

11 Rebalancing power among RCEP participating countries AIFTA is expected to counterbalance the dominance of China in the Asia region. Trade bloc dominated by a country that has enormous economic, politic and security power will be hard to be developed. Trade bloc, regardless of its shape, shall have the power scattered among its members.

12 Bridging/ Hub to other regions ῼ AIFTA is also expected to become a hub between RCEP and other regions in Asia. ῼ If RCEP could be able to pull a few countries in other regions (ie: South Asia) to join, then the RCEP power will be greater. market size, regional security,

13 RECOMMENDATION a. AIFTA should consider proposing a deepening liberalization among the members by addressing not only the issues of trade and investment, but also the issue of capacity building for business actors categorized as Small Medium Enterprises (SMEs). Nowadays, SMEs are the largest business entity as well as the backbone of most of ASEAN countries and India. b. AIFTA should make lobbies to ASEAN members that are still have double standing under RCEP and TPP. By considering some aspects, it is better for ASEAN to focus on RCEP. c. AIFTA should propose a clear mechanism of RCEP liberalization in a concrete manner. For instance in the issues of RoO, NTB, technical cooperation, capacity building, intellectual property right, dispute settlement mechanism etc.

14 THANK YOU

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

Mega-Regionalism in Asia: 5 Economic Implications

Mega-Regionalism in Asia: 5 Economic Implications Mega-Regionalism in Asia: 5 Economic Implications Ganeshan Wignaraja Advisor, Economic Research and Regional Cooperation Department, Asian Development Bank gwignaraja@adb.org London October 16, 2015 Selected

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

New Development and Challenges in Asia-Pacific Economic Integration: Perspectives of Major Economies. Dr. Hank Lim

New Development and Challenges in Asia-Pacific Economic Integration: Perspectives of Major Economies. Dr. Hank Lim New Development and Challenges in Asia-Pacific Economic Integration: Perspectives of Major Economies Dr. Hank Lim Outline: New Development in Asia-Pacific Economic Integration Trans Pacific Partnership

More information

MEGA-REGIONAL FTAS AND CHINA

MEGA-REGIONAL FTAS AND CHINA Multi-year Expert Meeting on Enhancing the Enabling Economic Environment at All Levels in Support of Inclusive and Sustainable Development (2nd session) Towards an enabling multilateral trading system

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

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 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

Growth, Investment and Trade Challenges: India and Japan

Growth, Investment and Trade Challenges: India and Japan Growth, Investment and Trade Challenges: India and Japan October 31, 2017 Shujiro URATA Waseda University Outline 1. Economic Growth: Japan and India 2. Foreign Trade and Investment 3. India Japan EPA

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

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

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

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

Mega-regionalism and Developing Countries

Mega-regionalism and Developing Countries Mega-regionalism and Developing Countries Michael G. Plummer, Director, SAIS Europe, and Eni Professor of International Economics, Johns Hopkins University Presentation to Lee Kuan Yew School of Public

More information

Strengthening Economic Integration and Cooperation in Northeast Asia

Strengthening Economic Integration and Cooperation in Northeast Asia Strengthening Economic Integration and Cooperation in Northeast Asia Closing Roundtable International Conference on Regional Integration and Economic Resilience 14 June 2017 Seoul, Korea Jong-Wha Lee Korea

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

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

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 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

State and Prospects of the FTAs of Japan and the Asia-Pacific Region. February 2013 Kazumasa KUSAKA

State and Prospects of the FTAs of Japan and the Asia-Pacific Region. February 2013 Kazumasa KUSAKA State and Prospects of the FTAs of Japan and the Asia-Pacific Region February 2013 Kazumasa KUSAKA 1 Development of Japan s EPA/FTA Networks Took Effect/Signed 12 countries and 1 region Study/discussion

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

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

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

Singapore 23 July 2012.

Singapore 23 July 2012. RESEARCHERS AT SINGAPORE S INSTITUTE OF SOUTHEAST ASIAN STUDIES SHARE THEIR UNDERSTANDING OF CURRENT EVENTS Singapore 23 July 2012. The Trans-Pacific Partnership (TPP): Economic and Strategic Implications

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

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

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

ASEAN Dialogue. Regional Comprehensive Economic Partnership: Implications for ASEAN s External Economic Relations and Policies

ASEAN Dialogue. Regional Comprehensive Economic Partnership: Implications for ASEAN s External Economic Relations and Policies ASEAN Dialogue Regional Comprehensive Economic Partnership: Implications for ASEAN s External Economic Relations and Policies Presentation and Discussion Report Monday, 29 July 2013 at 15.30-17.30 The

More information

Aid for Trade in Asia and the Pacific: ADB's Perspective

Aid for Trade in Asia and the Pacific: ADB's Perspective Aid for Trade in Asia and the Pacific: ADB's Perspective Juzhong Zhuang Assistant Chief Economist Economics and Research Department Asian Development Bank GTAP Conference Roundtable Discussion: Towards

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

China and the Trans-Pacific Partnership. Shiro Armstrong Crawford School of Public Policy Seminar, 8 May 2012

China and the Trans-Pacific Partnership. Shiro Armstrong Crawford School of Public Policy Seminar, 8 May 2012 China and the Trans-Pacific Partnership Shiro Armstrong Crawford School of Public Policy Seminar, 8 May 2012 2 Outline What is the TPP? The US and platinum standards Australia s role and interests Region

More information

Economics of the Trans- Pacific Partnership (TPP)

Economics of the Trans- Pacific Partnership (TPP) Economics of the Trans- Pacific Partnership (TPP) AED/IS 4540 International Commerce and the World Economy Professor Sheldon sheldon.1@osu.edu What is TPP? Trans-Pacific Trade Partnership (TPP), signed

More information

Environmental Justice: ADB and Asian Judges for Sustainable Development. OGC Law and Policy Reform Program

Environmental Justice: ADB and Asian Judges for Sustainable Development. OGC Law and Policy Reform Program Environmental Justice: ADB and Asian Judges for Sustainable Development OGC Law and Policy Reform Program OGC s LAW AND POLICY REFORM (LPR) PROGRAM Started in 1995. All conducted as Technical Assistance

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

Student Mobility: Implications for the ASEAN Labor

Student Mobility: Implications for the ASEAN Labor Trends and Patterns of Inter- and Intra-ASEAN Student Mobility: Implications for the ASEAN Labor Market Emily Christi A. Cabegin Paper presented at the Asian Conference on Globalization and Labor Administration:

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

Youen Kim Professor Graduate School of International Studies Hanyang University

Youen Kim Professor Graduate School of International Studies Hanyang University Youen Kim Professor Graduate School of International Studies Hanyang University 1. What is Regional Integration? 2. The Process of East Asian Regional Integration and the Current Situation 3. Main Issues

More information

East Asia and Latin America- Discovery of business opportunities

East Asia and Latin America- Discovery of business opportunities East Asia and Latin America- Discovery of business opportunities 2004 FEALAC Young Business Leaders Encounter in Tokyo 12 February 2004, Toranomon Pastoral Hotel Current Economic Situations (Trade and

More information

Regionalism and multilateralism clash Asian style

Regionalism and multilateralism clash Asian style Regionalism and multilateralism clash Asian style Mia Mikic TID, ESCAP Outline Setting the scene Using to learn more on Asian regionalism in trade Stylized facts Level of trade liberalization and sectoral

More information

APEC s Bogor Goals Mid-Term Stock Taking and Tariff Reduction

APEC s Bogor Goals Mid-Term Stock Taking and Tariff Reduction APEC Study Center Consortium Conference 2 PECC Trade Forum 2 22-2 May 2, Hotel Shilla, Jeju, Korea APEC s Bogor Goals Mid-Term Stock Taking and Tariff Reduction 1993 Blake s Island, US Hikari Ishido (Associate

More information

Rules of Origin Process (Chile)

Rules of Origin Process (Chile) Asia-Pacific Economic Cooperation Secretariat 2004/SOM1/SCCP1/060 Agenda Item: 10.4 Rules of Origin Process (Chile) Sub-Committee on Customs Procedures Santiago, Chile 25-27 February 2004 BACKGROUND The

More information

Principal Trade Negotiator Ministry of Economy, Trade and Industry Senior Fellow Research Institute of Economy, Trade and Industry October 19, 2011

Principal Trade Negotiator Ministry of Economy, Trade and Industry Senior Fellow Research Institute of Economy, Trade and Industry October 19, 2011 Trade patterns and global value chains in East Asia: From trade in goods to trade in tasks (IDE-JETRO/WTO joint publication) Michitaka Nakatomi Principal Trade Negotiator Ministry of Economy, Trade and

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

Labour Dimensions in Regional Economic Integration Comparative Study of TPP and RCEP. John West Executive Director, Asian Century Institute

Labour Dimensions in Regional Economic Integration Comparative Study of TPP and RCEP. John West Executive Director, Asian Century Institute Executive Summary Preliminary considerations Labour Dimensions in Regional Economic Integration Comparative Study of TPP and RCEP John West Executive Director, Asian Century Institute -- Since the 2008

More information

FEASIBILITY OF INDONESIA-TAIWAN ECONOMIC COOPERATION ARRANGEMENT

FEASIBILITY OF INDONESIA-TAIWAN ECONOMIC COOPERATION ARRANGEMENT FEASIBILITY OF INDONESIA-TAIWAN ECONOMIC COOPERATION ARRANGEMENT By: Adriana Elisabeth Center for Political Studies, the Indonesian Institute of Sciences (P2P LIPI) Taipei, 30 May 2014 Feasibility Study

More information

The CFTA: Elements, Expectations, Schedules and Challenges

The CFTA: Elements, Expectations, Schedules and Challenges The CFTA: Elements, Expectations, Schedules and Challenges Prudence Sebahizi Lead Technical Advisor on the CFTA 1 March 2016 Accra, Ghana Outline 1. Why the CFTA? 2. Background 3. The Road Map for Establishment

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

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

Free Trade Vision for East Asia

Free Trade Vision for East Asia CEAC Commentary introduces outstanding news analyses and noteworthy opinions in Japan, but it does not represent the views of CEAC as an institution. April 28, 2005 Free Trade Vision for East Asia By MATSUDA

More information

Deepening Economic Integration

Deepening Economic Integration Deepening Economic Integration 21st Century Regionalism, Mega FTAs, and Asian Regional Integration Status: Completed by April 2017 Geographic scope: Indonesia, Japan, Philippines, Thailand, Viet Nam This

More information

RISE OF THE SOUTH: TECTONIC SHIFTS EXPANSION OF HUMAN CAPABILITIES AND CHOICES

RISE OF THE SOUTH: TECTONIC SHIFTS EXPANSION OF HUMAN CAPABILITIES AND CHOICES KHALID MALIK, DIRECTOR HUMAN DEVELOPMENT REPORT OFFICE 14 March 2013 RISE OF THE SOUTH: TECTONIC SHIFTS EXPANSION OF HUMAN CAPABILITIES AND CHOICES % Share of world output (PPP) GLOBAL REBALANCING 60 50

More information

Asian Development Bank

Asian Development Bank Asian Development Bank March 2018 President Takehiko Nakao Azerbaijan ADB Regional Members(48 economies) Uzbekistan Kazakhstan Georgia Armenia Turkmenistan Afghanistan Pakistan Bangladesh Maldives Kyrgyz

More information

FRAMEWORK FOR COMPREHENSIVE ECONOMIC PARTNERSHIP BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND JAPAN

FRAMEWORK FOR COMPREHENSIVE ECONOMIC PARTNERSHIP BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND JAPAN FRAMEWORK FOR COMPREHENSIVE ECONOMIC PARTNERSHIP BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND JAPAN WE, the Heads of State/Governments of Brunei Darussalam, the Kingdom of Cambodia, the Republic

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

IIPS International Conference

IIPS International Conference 助成 Institute for International Policy Studies Tokyo IIPS International Conference Building a Regime of Regional Cooperation in East Asia and the Role which Japan Can Play Tokyo December 2-3, 2003 Potential

More information

Regionalism in Africa: TFTA and CFTA

Regionalism in Africa: TFTA and CFTA Regionalism in Africa: TFTA and CFTA Prudence Sebahizi Chief Execu3ve Officer Center for Trade and Development (CTD Rwanda) & Lead Technical Adviser on the CFTA (AUC) Some Facts about Africa i. Africa

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

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

The RCEP: Integrating India into the Asian Economy

The RCEP: Integrating India into the Asian Economy Indian Foreign Affairs Journal Vol. 8, No. 1, January March 2013, 41-51 The RCEP: Integrating India into the Asian Economy Kristy Hsu * The ten member states of the Association of Southeast Asian Nations

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

Cambridge Model United Nations 2018 WTO: The Question of Free Trade Agreements in a Changing World

Cambridge Model United Nations 2018 WTO: The Question of Free Trade Agreements in a Changing World 1 Study Guide: The Question of Free Trade Agreements in a Changing World Committee: World Trade Organisation Topic: The Question of Free Trade Agreements in a Changing World Introduction: The WTO aims

More information

pacific alliance the why it s (still) important for western canada canada west foundation november 2017 naomi christensen & carlo dade

pacific alliance the why it s (still) important for western canada canada west foundation november 2017 naomi christensen & carlo dade pacific the alliance why it s (still) important for western canada canada west foundation I november 2017 naomi christensen & carlo dade canada west foundation cwf.ca 2016-17 patrons Trade & Investment

More information

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

Making Growth Work for the Poor: The Challenge of Inclusive Growth 15/SOM1/EC/39 Agenda Item: 7 Making Growth Work for the Poor: The Challenge of Inclusive Growth Purpose: Information Submitted by: World Bank First Economic Committee Meeting Clark, Philippines 4-5 February

More information

Drivers of Regional Integration in ASEAN

Drivers of Regional Integration in ASEAN Drivers of Regional Integration in ASEAN Skills for Tomorrow, Collaborating for the Future: Australia-Indonesia-ASEAN Symposium, Jakarta, 22-24 August 2017 Professor Christopher Ziguras President, International

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

DIGITAL TRADE. Duangthip Chomprang 2 November I 2017 Dhaka

DIGITAL TRADE. Duangthip Chomprang 2 November I 2017 Dhaka DIGITAL TRADE ASIA-PACIFIC INFORMATION SUPERHIGHWAY ( AP-IS) FIRST STEERING COMMITTEE MEETING 2017 Duangthip Chomprang 2 November I 2017 Dhaka SDG 2030 CAVEATS RELATING TO TRADE & DEVELOPMENT Universal

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

Executive Summary of the Report of the Track Two Study Group on Comprehensive Economic Partnership in East Asia (CEPEA)

Executive Summary of the Report of the Track Two Study Group on Comprehensive Economic Partnership in East Asia (CEPEA) Executive Summary of the Report of the Track Two Study Group on Comprehensive Economic Partnership in East Asia (CEPEA) 1. Economic Integration in East Asia 1. Over the past decades, trade and investment

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

Japan-ASEAN Relations --- Post February, 2016 Yukiko Okano Chargé d affaires, Minister-Counsellor Mission of Japan to ASEAN

Japan-ASEAN Relations --- Post February, 2016 Yukiko Okano Chargé d affaires, Minister-Counsellor Mission of Japan to ASEAN Japan-ASEAN Relations --- Post 2015 17 February, 2016 Yukiko Okano Chargé d affaires, Minister-Counsellor Mission of Japan to ASEAN Outline 1. Japan-ASEAN Relations 2. Japan s Support to ASEAN Community

More information

Australia s Free Trade Agreements

Australia s Free Trade Agreements Australia s Free Trade s Australia s Free Trade s Australia has ten Free Trade s (FTAs) currently in force: ANZCERTA AUSFTA AANZFTA MAFTA JAEPA SAFTA TAFTA AACI FTA KAFTA ChAFTA The following countries

More information

Understanding the Emerging Pattern of Regional Trade and Economic Cooperation in Asia

Understanding the Emerging Pattern of Regional Trade and Economic Cooperation in Asia Understanding the Emerging Pattern of Regional Trade and Economic Cooperation in Asia Presentation by Biswa N BHATTACHARYAY Special Adviser to Dean, ADBI (views expressed in this article are those of the

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

Unmasking the Regional Trade Agreements in Asia and the Pacific

Unmasking the Regional Trade Agreements in Asia and the Pacific Centre for WTO Studies Indian Institute of Foreign Trade New Delhi, 19 January 2010 Unmasking the Regional Trade Agreements in Asia and the Pacific Dr. Mia Mikic ARTNeT Deputy Coordinator Trade Policy

More information

Arndt-Corden Department of Economics Public Lecture. Australian National University, Canberra, 23 May 2017

Arndt-Corden Department of Economics Public Lecture. Australian National University, Canberra, 23 May 2017 Arndt-Corden Department of Economics Public Lecture Australian National University, Canberra, 23 May 2017 WHAT CAN ASEAN DO IN THE MIDST OF THE 'NEW NORMAL'? 1 Professor Chatib Basri Thee Kian Wie Distinguished

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

THE CHALLENGES AND OPPORTUNITIES OF ASIA-PACIFIC TRADE

THE CHALLENGES AND OPPORTUNITIES OF ASIA-PACIFIC TRADE THE CHALLENGES AND OPPORTUNITIES OF ASIA-PACIFIC TRADE 1 2017 WAS A BANNER YEAR FOR TRADE GROWTH IN THE ASIA-PACIFIC (APAC) REGION In fact, the latest data from the Department of Foreign Affairs and Trade

More information

Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific

Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Highlights Trade Facilitation and Better Connectivity for an Inclusive Asia and Pacific Highlights Creative Commons Attribution

More information

Trade led Growth in Times of Crisis Asia Pacific Trade Economists Conference 2 3 November 2009, Bangkok. Session 2

Trade led Growth in Times of Crisis Asia Pacific Trade Economists Conference 2 3 November 2009, Bangkok. Session 2 Trade led Growth in Times of Crisis Asia Pacific Trade Economists Conference 2 3 November 2009, Bangkok Session 2 From the P4 to the Trans-Pacific Partnership Agreement (TPP): Explaining Expansion Interests

More information

The Barriers and Solutions to Integration of the EAFTA and TPP

The Barriers and Solutions to Integration of the EAFTA and TPP J Glob Policy Gov (213) 2:271 285 DOI 1.17/s432-13-38-z PAPER The Barriers and Solutions to Integration of the EAFTA and TPP Goro Takahashi Published online: 29 August 213 Ó CEEUN 213 Abstract The EAFTA

More information

Understanding the relationship between Pacific Alliance and the mega-regional agreements in Asia-Pacific: what we learned from the GTAP simulation

Understanding the relationship between Pacific Alliance and the mega-regional agreements in Asia-Pacific: what we learned from the GTAP simulation Understanding the relationship between Pacific Alliance and the mega-regional agreements in Asia-Pacific: what we learned from the GTAP simulation José Bernardo García (jgarci85@eafit.edu.co) Camilo Pérez-Restrepo

More information

5-7 October APEC CEO Summit Bali, Indonesia Partnership, Resilience and Building Bridges to Growth

5-7 October APEC CEO Summit Bali, Indonesia Partnership, Resilience and Building Bridges to Growth 8-11 July Third ABAC Meeting Kyoto, Japan 2-5 October Fourth ABAC Meeting 5-7 October APEC CEO Summit Partnership, Resilience and Building Bridges to Growth (Singapore) 3-6 April 2013 Coming together in

More information

Negotiations for a productive cooperation

Negotiations for a productive cooperation Negotiations for a productive cooperation South South cooperation initiatives between Asia, Latin America and Africa ANA MARIA ALVAREZ HERRERA Doctor en Economie International Université La Sorbonne, France

More information

LIST OF ABBREVIATIONS

LIST OF ABBREVIATIONS LIST OF ABBREVIATIONS ACU ADB ADPS AEC AFTA AIBC AIDC AIFTA AIJSCC AMBDC AMDA AMM ANDC APCT APEC APO APSC Asian Currency Unit Asian Development Bank ASEAN Dialogue Partnership System ASEAN Economic Community

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

Advances & Challenges in Regional Integration of Vietnam

Advances & Challenges in Regional Integration of Vietnam Advances & Challenges in Regional Integration of Vietnam Vo Van Minh Strategist SSI Assets Management Ltd., Nguyen Dinh Chuc Deputy Director Vietnam Academy of Social Sciences (VASS) APPM's 11th Alumni

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

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

East Asian Regionalism and the Multilateral Trading System ERIA

East Asian Regionalism and the Multilateral Trading System ERIA Chapter II.9 East Asian Regionalism and the Multilateral Trading System ERIA Yose Rizal Damuri Centre for Strategic and International Studies (CSIS) November 2013 This chapter should be cited as Damuri,

More information

Birthing Filipino Electrical Engineers for Global Competitiveness

Birthing Filipino Electrical Engineers for Global Competitiveness Birthing Filipino Electrical Engineers for Global Competitiveness A presentation The AAPER Committee Institute of Integrated Electrical Engineers of the Philippines, Inc. AAPER Committee defines the selection

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

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

Economic Regionalism is Key to Openness and Growth: An ASEAN Perspective. Sanchita Basu Das

Economic Regionalism is Key to Openness and Growth: An ASEAN Perspective. Sanchita Basu Das Economic Regionalism is Key to Openness and Growth: Sanchita Basu Das 224 Joint U.S.-Korea Academic Studies The 10 members of the Association of Southeast Asian Nations (ASEAN) are involved in several

More information

Employment opportunities and challenges in an increasingly integrated Asia and the Pacific

Employment opportunities and challenges in an increasingly integrated Asia and the Pacific Employment opportunities and challenges in an increasingly integrated Asia and the Pacific KEIS/WAPES Training on Dual Education System and Career Guidance Kee Beom Kim Employment Specialist ILO Bangkok

More information

Prospective for a Canada-ASEAN Free-Trade Agreement

Prospective for a Canada-ASEAN Free-Trade Agreement Prospective for a Canada-ASEAN Free-Trade Agreement Deborah Elms and Barath Harithas Asian Trade Centre While Canada has been a long-standing partner of the Association of Southeast Asian Nations, there

More information

Science and Technology Diplomacy in Asia

Science and Technology Diplomacy in Asia Summary of the 3 rd Annual Neureiter Science Diplomacy Roundtable Science and Technology Diplomacy in Asia Date: Tuesday, November 11, 2014 Venue: National Graduate Institute for Policy Studies (GRIPS),

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

Chapter 5: Internationalization & Industrialization

Chapter 5: Internationalization & Industrialization Chapter 5: Internationalization & Industrialization Chapter 5: Internationalization & Industrialization... 1 5.1 THEORY OF INVESTMENT... 4 5.2 AN OPEN ECONOMY: IMPORT-EXPORT-LED GROWTH MODEL... 6 5.3 FOREIGN

More information

THE TWELFTH AEM-CER CONSULTATIONS 26 August 2007, Makati City, The Philippines. Joint Media Statement

THE TWELFTH AEM-CER CONSULTATIONS 26 August 2007, Makati City, The Philippines. Joint Media Statement THE TWELFTH AEM-CER CONSULTATIONS 26 August 2007, Makati City, The Philippines Joint Media Statement 1. The ASEAN Economic Ministers (AEM) and the Ministers from Australia and New Zealand (Closer Economic

More information