ASEAN INTEGRATION

ALLAN B. PLENO
Discussant

DBA 610
Current Business Issues and Trends
According to Teresita Sy-Coson
Integration
 ASEAN (Association of Southeast Asian Nations)

A political and economic organization of ten

Southeast Asian countries.

It was formed on 8 August 1967

ASEAN (Association of Southeast Asian Nations)
 ASEAN (Association of Southeast Asian Nations)

Brunei Darussalam
Jan 7, 1984

Viet Nam
July 28, 1995

Lao PDR and

Myanmar
July 23, 1997

Cambodia
April 30, 1999
VISION
“ A stable, prosperous and highly competitive
ASEAN Economic Region in which there is a free
flow of goods, services, investment and a freer
flow of capital, equitable economic development
and reduced poverty and socio-economic
disparities.”
ASEAN Challenges that need to be
addressed
 According to Victoria Kwakwa, the Vice President of the World Bank for
East Asia and the Pacific, ASEAN’s infrastructure needs are projected to
hit US$3.4 trillion between 2013 and 2030.

 ASEAN needs the aforementioned amount in the next five years to keep
abreast with economic growth, and to meet the targets of eradicating
extreme poverty as well as boosting shared prosperity.

 Access to reliable and affordable infrastructure is important for any

economy to facilitate job securement and promote sustainability in the
long run.

 The current development spending in Southeast Asia falls far short of

what is needed to meet the global goals by 2030.
Challenges…

 The challenges facing ASEAN integration might

not be substantial enough to rub off the gloss
from its successes so far. However, if the
association seeks to achieve its goals by 2025 (or
prior), the measures pointed out have to be
applied, with a concerted effort from all member
states a requirement that needs no further
explanation.
Opportunity of ASEAN integration thus far
ASEAN Community Pillars
• ASEAN Political Security Community
• ASEAN Economic Community
• ASEAN Socio-Cultural Community
FOUR pillars of ASEAN Economic
Community
• Single Market and Production Base
• Competitive Economic Region
• Equitable Economic Development
• Integration into the global economy
FOUR pillars of ASEAN Economic
Community
• Single Market and Production Base

▫ Goods
▫ Services
▫ Investments
▫ Capital
▫ Skilled labor
▫ Priority integration sectors
 • Goods
▫ Agro-based goods, automotive products,
electronics, fisheries, rubber-based goods,
textiles, wood-based products
• Services
▫ Air transport, e-ASEAN, health care services,
logistic, tourism

Priority Integration Sectors

FOUR pillars of ASEAN Economic
Community
• Single Market and Production Base
• Competitive Economic Region
• Equitable Economic Development
• Integration into the global economy
FOUR pillars of ASEAN Economic
Community

• Competitive Economic Region

▫ Competition policy
▫ Consumer protection
▫ Intellectual property rights
▫ Infrastructure development
▫ Taxation
▫ E-commerce
FOUR pillars of ASEAN Economic
Community
• Single Market and Production Base
• Competitive Economic Region
• Equitable Economic Development
• Integration into the global economy
FOUR pillars of ASEAN Economic
Community

• Equitable Economic Development

▫ SME development
▫ Initiative for ASEAN Integration
FOUR pillars of ASEAN Economic
Community
• Single Market and Production Base
• Competitive Economic Region
• Equitable Economic Development
• Integration into the global economy
FOUR pillars of ASEAN Economic
Community

• Integration into the global economy

▫ Coherent Approach towards external economic
relations
▫ Enhanced participation in global supply networks
Aims and Purposes
1. To collaborate more effectively for the greater
utilization of their agriculture and industries, the
expansion of their trade, including the study of the
problems of international commodity trade, the
improvement of their transportation and
communications facilities and the raising of the
living standards of their peoples.
2. To promote Southeast Asian studies

3. To maintain close and beneficial

cooperation with existing international
and regional organizations with similar
aims and purposes, and explore all
avenues for even closer cooperation
among themselves.
Conclusion
• Mutual respect for the independence,
sovereignty, equality, territorial integrity, and
national identity of all nations.

• The right of every State to lead its national

existence free from external interference,
subversion or coercion.
• Non-interference in the internal
affairs of one another.
• Settlement of differences or
disputes by peaceful manner.
• Renunciation of the threat or use
of force.
• Effective cooperation among
themselves.
References:
Association of Southeast Asian Nation (2014). In Overview. Retrieved
Jun. 24, 2015, from http://www.asean.org/asean/about-
asean/overview

ASEAN (2014). Association of Southeast Asian Nations (ASEAN)

integration monitoring report : a joint report by the ASEAN
Secretariat and the World Bank (English). ASEAN Secretariat.
Retrieved Jun 24, 2005, from
http://www.asean.org/resources/item/association-of-southeast-
asian-nations-asean-integration-monitoring-report-a-joint-report-by-
the-asean-secretariat-and-the-world-bank-english
THANK YOU!