Arcachon
11-06-14, 19:49
http://business.asiaone.com/news/no-big-bang-%E2%80%98one-asean%E2%80%99-2015
The Star/Asia News Network
Wednesday, Jun 11, 2014
MANILA - The year 2015 is something many people are looking forward to with both fear and excitement. It is the year when members of the Association of Southeast Asian Nations (Asean) become a single bloc-the Asean Economic Community (AEC).
The AEC is envisioned to be a region where goods, services, investments, skilled labor as well as capital may freely flow, turning the community into an economic powerhouse of 600 million people and with a combined gross domestic product (GDP) of close to $2 trillion.
"One Asean" will become the third-most populous region, and the seventh-largest economy in the world. It was a key theme of last week's World Economic Forum (WEF) on East Asia hosted by the Philippines.
"We're excited about the future of the Asean … but there isn't going to be a big bang [in 2015]," Finance Secretary Cesar Purisima said during a WEF luncheon hosted by Indonesia's Lippo group on Friday.
The members of the Asean "must not lose sight of the potential, but also be aware of the challenges, and make sure that in our respective domestic policies, we must not go for the easy solutions."
In integration, there will be winners and losers," Purisima said. "But I would like to take the view that there would be more winners than losers, therefore, we must not create policies that would benefit the few at the expense of the many."
Single market
If the AEC road map were to go as planned, the 10-member Asean would have formed a single market and production base by next, becoming a "highly competitive" region marked by "equitable" economic development and fully integrated into the global economy.
There are 12 "priority" sectors identified in the road map: agro-based products, air travel, automotive, "e-Asean," electronics, fisheries, healthcare, rubber-based products, textiles and apparel, tourism, wood-based products and logistics, as well as the food, agriculture and forestry sectors.
- See more at: http://business.asiaone.com/news/no-big-bang-%E2%80%98one-asean%E2%80%99-2015#sthash.gESf2N4Q.dpuf
The Star/Asia News Network
Wednesday, Jun 11, 2014
MANILA - The year 2015 is something many people are looking forward to with both fear and excitement. It is the year when members of the Association of Southeast Asian Nations (Asean) become a single bloc-the Asean Economic Community (AEC).
The AEC is envisioned to be a region where goods, services, investments, skilled labor as well as capital may freely flow, turning the community into an economic powerhouse of 600 million people and with a combined gross domestic product (GDP) of close to $2 trillion.
"One Asean" will become the third-most populous region, and the seventh-largest economy in the world. It was a key theme of last week's World Economic Forum (WEF) on East Asia hosted by the Philippines.
"We're excited about the future of the Asean … but there isn't going to be a big bang [in 2015]," Finance Secretary Cesar Purisima said during a WEF luncheon hosted by Indonesia's Lippo group on Friday.
The members of the Asean "must not lose sight of the potential, but also be aware of the challenges, and make sure that in our respective domestic policies, we must not go for the easy solutions."
In integration, there will be winners and losers," Purisima said. "But I would like to take the view that there would be more winners than losers, therefore, we must not create policies that would benefit the few at the expense of the many."
Single market
If the AEC road map were to go as planned, the 10-member Asean would have formed a single market and production base by next, becoming a "highly competitive" region marked by "equitable" economic development and fully integrated into the global economy.
There are 12 "priority" sectors identified in the road map: agro-based products, air travel, automotive, "e-Asean," electronics, fisheries, healthcare, rubber-based products, textiles and apparel, tourism, wood-based products and logistics, as well as the food, agriculture and forestry sectors.
- See more at: http://business.asiaone.com/news/no-big-bang-%E2%80%98one-asean%E2%80%99-2015#sthash.gESf2N4Q.dpuf