1 / 27

Enabling Business. Empowering Consumers.

ASEAN. INTEGRATION. ///////////////// 2015. Undersecretary Nora Kakilala Terrado Department of Trade and Industry. 2 June 2014 Marco Polo Plaza Hotel Cebu City. Enabling Business. Empowering Consumers. ASEAN . ECONOMIC . COMMUNITY. 2 0 1 5.

darcie
Download Presentation

Enabling Business. Empowering Consumers.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ASEAN INTEGRATION ///////////////// 2015 Undersecretary Nora Kakilala Terrado Department of Trade and Industry 2 June 2014 Marco Polo Plaza Hotel Cebu City Enabling Business. Empowering Consumers.

  2. ASEAN ECONOMIC COMMUNITY 2 0 1 5 Enjoy the Video Presentation: GET READY FOR THE AEC

  3. Characteristics of AEC Single Market and Production Base Competitive Economic Region Equitable Economic Development Integration into Global Economy

  4. LEVELS OF ECONOMIC INTEGRATION Economic Union Common market status plus harmonization of fiscal & monetary policies ASEANis FTA-Plus: Conventional areas of goods and services; PLUS other areas such as investments, government procurement, competition, intellectualproperty, et al. Common Market Customs union status plus free movement of labor & capital Customs Union Free trade among members and adopt common external trade policies Free Trade Area All trade barriers in Goods & Services removed among members but each retain own barriers with the Rest of the World (ROW) Preferential Trading Area Lower trade barriers among members

  5. Economic Partnership Agreement (EPA) Conventional areas of goods and services; plus other areas such as investments, government procurement, competition, intellectual property, etc. Free Trade Area • All trade barriers in Goods & Services removed among members but each retain own barriers with ROW • Free Trade Area • All trade barriers in Goods & Services removed among members but each retain own barriers with ROW

  6. THE AEC BLUEPRINT Adopted by ASEAN leaders in 2007, it lays down the roadmap toward an ASEAN Community in 2015 Political-Security Economic Socio-Cultural

  7. AEC BLUEPRINT COMPLIANCE ` • ASEAN Trade in Goods Agreement (ATIGA) • Trading of up to 99.65% of goods at zero tariff • Since 2010 • ASEAN Framework Agreement in Services (AFAS) • Mutual Recognition Arrangements (MRAs) (1) Accountancy services (2) Architectural services (3) Dental practitioners (4) Engineering services (5) Medical practitioners (6) Nursing services (7) Surveyors (8) Tourism ASEAN neighbours are continually improving their competitiveness

  8. ASEAN Ranking in Global Competitiveness Innovation and Sophistication Factors Basic Requirements Efficiency Enhancers Ref. The Global Competitiveness Report 2013-2014 by the World Economic Forum

  9. PhilippinesGlobal Competiveness Index Ref. The Global Competitiveness Report 2013-2014 by the World Economic Forum

  10. Areas of Strengths & Weaknesses in Labor Market Efficiency PhilippinesGlobal Competiveness Index Ref. The Global Competitiveness Report 2013-2014 by the World Economic Forum

  11. Comparative Labor Market Efficiency Ref. The Global Competitiveness Report 2013-2014 by the World Economic Forum

  12. Pattern of Labor Migration in ASEAN Countries of Destination: Thailand Malaysia Singapore • Push Factors • Slow growth • High unemployment rate (origin) • Better wages (destination) • Labor export policy • Pull Factors • Rapid growth • Labor shortage • Changing demographics • Labor market needs `

  13. RESTRICTIONS ON PROFESSIONALS’ MOBILITY • “Free” flow of skilled labor • Most member states apply domestic rules and regulations and impose restrictions on foreign nationals • Mobility of ASEAN professionals dependent on member states’ unilateral moves to change domestic rules and regulations

  14. Prospects and Challenges • Prospects • Labor exports • strong inward remittances • Opportunity to enhance the labor markets • quality/quantity of labor • education • Labor cooperation and dialogues with partners • Brain gain & Brain re-gain • Challenges • Competitive pressures • Paucity of talents needed for our growth • Social effects • Brain Drain

  15. NATURE OF COMPETITIVE ADVANTAGE 1 = low cost labor or natural resources; 7 = unique products and processes 3 5 6th of 10 in ASEAN 67th of 148 globally 2 1 4 Source: The Global Competitiveness Report 2013-2014

  16. PEOPLE DEVELOPMENT Recommended Focus Areas on our Way Forward in AEC 2015 COMPETITIVENESS INNOVATION REGULATORY REFORMS CHANGE IN MINDSET

  17. Thank you. Enjoy the Video Presentation: ASEAN Song

  18. Annexures

  19. EXTENT OF STAFF TRAINING 1 = not at all; 7 = to a great extent 3rd of 10 in ASEAN 27th of 148 globally Source: The Global Competitiveness Report 2013-2014

  20. RELIANCE ON PROFESSIONAL MANAGEMENT 1 = usually relatives or friends without regard to merit; 7 = mostly professional managers chosen for merit and qualifications 3rd of 10 in ASEAN 32nd of 148 globally Source: The Global Competitiveness Report 2013-2014

  21. CAPACITY FOR INNOVATION 1 = not at all; 7 = to a great extent 5th of 10 in ASEAN 48th of 148 globally Source: The Global Competitiveness Report 2013-2014

  22. EFFECT OF TAXATION ON INCENTIVES TO WORK 1 = not at all; 7 = to a great extent 7th of 10 in ASEAN 40th of 148 globally Source: The Global Competitiveness Report 2013-2014

  23. PAY AND PRODUCTIVITY 1 = significantly reduce the incentive to work; 7 = do not reduce incentive to work 9th of 10 in ASEAN 44th of 148 globally Source: The Global Competitiveness Report 2013-2014

  24. COUNTRY CAPACITY TO RETAIN TALENT 1 = the best and brightest leave to pursue opportunities in other countries; 7 = the best and brightest stay and pursue opportunities in the country 8th of 10 in ASEAN 71th of 148 globally Source: The Global Competitiveness Report 2013-2014

  25. COUNTRY CAPACITY TO ATTRACT TALENT 1 = the best and brightest leave to pursue opportunities in other countries; 7 = the best and brightest stay and pursue opportunities in the country 9th of 10 in ASEAN 86th of 148 globally Source: The Global Competitiveness Report 2013-2014

  26. FLEXIBILITY OF WAGE DETERMINATION 1 = by a centralized bargaining process; 7 = by each individual company 9th of 10 in ASEAN 109th of 148 globally Source: The Global Competitiveness Report 2013-2014

  27. HIRING AND FIRING PRACTICES 1 = heavily impeded by regulations; 7 = extremely flexible 10th of 10 in ASEAN 117th of 148 globally Source: The Global Competitiveness Report 2013-2014

More Related