Professional Documents
Culture Documents
POLICY IMPLICATION OF
ASEAN ECONOMIC
COMMUNITY (AEC) FOR
MALAYSIA
PRESENTER:
ZAITUN ABD MALEK (2015261372)
NOR AZRI SHARIZAL ABU BAKAR (2015465358)
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AEC 4 Pillars
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AEC
2015?
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4.1: 5 Targets
the AEC
AEC Single
MarketMarket
5 Targets
of ofthe
Single
Free flow
of
investme
nt
Free flow
of skilled
labor
need to
provide
flexibility to
newer
members
after 1994
time for
industry
adjustments
Varies level
of economic
integration
Implement
ed
progressiv
ely
10
Elimination
ofImport
Import
Duties
4.3 Elimination of
Duties
ASEAN-6
99.2% duties eliminated
(1 January 2010)
Elimination of Duties
CLMV
93% duties to be eliminated by
1 January 2015 (balance 7% - 669
tariff lines by 2018)
Non-Tariff Barriers (NTBs) A Frequent Complaint
ASEAN Economic Ministers have made reducing NTBs as priority towards
AEC 2015. A systematic approach taken to address NTBs 6 pilot cases
identified; 2 have been resolved. More cases will be identified through a
compliance review mechanism.
11
Example:
flowof of
Goods
4.4 Example:Free
Free flow
Goods
EXPORT/
IMPORT
Import Duty
Import Duty
Normal MFN
Duty
30 %
Eg; Car parts exported to
Thailand: RM200 x 30% =
RM60
20 %
Eg; Food stuffs imported
into Malaysia: RM200 x
20% = RM40
Duty under
0%
0%
12
12 Broad Sectors
128 Sub-Sectors
13
Liberalization
Services
Sector
4.5 Liberalization of
of Services
Sector
10th
9th
7
Package
2009
th
1st
Package
1997
2nd
Package
1998
3rd
Package
2001
4th
Package
2004
5th
Package
2006
6th
Package
2007
8th
Package
2010
Package
2014
Package
2015
4.6 Examplesof
of Liberalization
Examples
Liberalization
Sub-Sectors
Healthcar
e
Logistics
AEC
AFAS 7
Targets
Year
THA
MYS
SIN
PHI
IND
BRN
18/5/09 16/10/09 01/10/09 17/08/09 09/05/09 23/10/09
Hospital
Services
51%
70%
2008
2010
49%
51%
51%
40%
49%
100%
Medical &
Dental
Services
51%
70%
2008
2010
49%
51%
100%
49%
100%
Dental
Services
51%
70%
2008
2010
49%
51%
100%
49%
Maritime
Freight
Forwarding
49%
51%
70%
2008
2010
2013
49%
49%
100%
40%
49%
49%
Storage &
Warehouse
Services for
Maritime
Transport
49%
51%
70%
2008
2010
2013
49%
49%
100%
100%
49%
49%
15
4.7 Tapping
ASEANs Talent
PoolPool
Tapping
ononASEANs
Talent
ASEAN Movement of Natural Persons Agreement (MNP)
Business Visitors
Intra-Corporate Transferees
Contractual Service Suppliers
Mutual Recognition Agreements (MRAs)
Engineering Services
Nursing Services
Architecture Services
Accountancy Services
Medical Practitioners
Dental Practitioners
Surveyors
16
Engineeri
ng
Architectu
re
Key Point
17
Medical
Dental
Nursing
Key
Points
19
Key Point
Accountan
cy
Surveying
Regional
National
License from
home country
License from
host country
20
Collaboration
Other
Sectors
4.10
Collaboration ininOther
Sectors
Transport
Services
Collaboration
Other
Sectors
4.10
Collaboration ininOther
Sectors
ICT
Energy
Minerals
22
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1.
2.
3.
4.
10/13/16
Legal
system
Gov.
system
Common
Law
Democracy
Indonesia
Civil Law
Democracy
Thailand
Civil Law
Democracy
Singapore
Common
Law
Hybrid
regimes
VietNam
Civil Law
Authoritarian
regimes
Malaysia
Philippines
Codification
Law
Democracy
Brunei
Sharia Law
Sultanate
Cambodia
Civil Law
Hybrid
regimes
Myanmar
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Laos
Common
Law
Authoritarian
regimes
Civil Law
Authoritarian
countries.
-In the case of Thailand, the Nation
Reform Council has recently identified a
total of 106 Thai laws that needed to be
amended in order to implement fully the
action plans outlined in
the Asean Economic Community.
-In fact, many of the AEC members are
not even full democracies or
democracies at all, including trade
heavyweights like Malaysia and Thailand
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Cabinet ministers talk openly about resisting the implementation of Asean Economic
Community (AEC).
Indonesia market is huge, far more better than other ASEAN countries.
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END
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