The Challenges and Opportunities of
ASEAN Economic Community
By
Dr. Rizal Yaya Ak. CA.
Department of Accounting, Faculty of Economics
Universitas Muhammadiyah Yogyakarta
By:
Presentation Outline
•
ASEAN and economic integration
•
Benefits gained
•
AEC concept
•
How ready is Indonesia?
•
What have been prepared?
•
What have been achieved?
3
P E R L U A S A N
P
E
N
D A
L
A
M
A
N
1967: INA, MAL PHI, SIN, THA
1977: PTA
1992: CEPT AFTA
1984: BRU 1995: VN
1997: LAO, MYM
1999: CAM 1995: AFAS 2004: ASN-China 2006: ASN-KOR 2008: ASN-JAP 2009: ASN-ANZ; ASN-India; ASN-China Investment; ASN Korea Investment
EAFTA Study
CEPEA Study
1997: ASEAN Vision 2020
1998: AIA
2003: 3 Pillars of ASEAN Community 2020; 11 Priority Integration Sectors (PIS)
2007: AEC 2015; ASEAN Charter; AEC Blueprint
2008: first year of AEC Blueprint; ASEAN Charter entered into force
2009: ATIGA, ACIA, AEC Scorecard
ASEAN Economic Community 2015
2005: Logistics as PIS
2010: ASEAN Plus Working Groups on ROO, Tariff Nomenclature, Customs, Ec Cooperation
2010: Connectivity Master Plan
2011: ASEAN Framework for Regional Comprehensive Economic Partnership
2011: ASEAN Framework for Equitable Economic Development
2009: Roadmap for an ASEAN Community 2009-2015
What benefits
have been gained so far?
Benefits Gained
5
1. Increase in FDI in ASEAN and Indonesia.
•
FDI in ASEAN = US$ 98 billion in 2010 to become
US$ 110 billion in 2012.
•
FDI in Indonesia = US$ 16,2 billion in 2010 to
become US$ 24,6 billion in 2012 and US$ 28,6
billion in 2013.
2. GDP and GDP per capita
•
ASEAN GDP grews 5,9% as much as US$ 2,18
trillion in 2011 and 5,8% or US$ 2,31 trillion in
2012.
Benefits Gained
6
3. Decreased in poverty
45% in 1990, to become 15,6 % in 2010.
4. Increased in Middle class
Benefits Gained
7
5. Trading
Total trade in goods in ASEAN reached US $2.48 trillion in 2012.
Total Indonesian trade to other other ASEAN countries reached
US $81 billion in 2012
6. Tourism
89 million tourists in 2012 , 40 million intra ASEAN and 49 million
from out of ASEAN. Indonesia is in rank 4 (8 million) after
What is the AEC concept?
The Ministry of Trade of the Republic of Indonesia
AEC integration Agenda
The Ministry of Trade of the Republic of Indonesia
AEC: KEY MEA“URE“
IMPLEMENTATION RATE
The Ministry of Trade of the Republic of Indonesia
SCORECARD: Comparison among members
12
ASEAN Country
Implementation Rate(%)*
Brunei Darussalam
79.3
Cambodia
78.4
Indonesia
77.0
Laos
76.9
Malaysia
80.0
Myanmar
77.2
Philippines
79.2
Singapore
81.3
Thailand
81.1
Viet Nam
80.1
ASEAN
72.2%
How ready is Indonesia?
Human Development Index
ASEAN Countries
14
Countries
World rank (2013)
Singapura
9
Brunei
30
Malaysia
62
Thailand
89
Indonesia
108
Filipina
117
Vietnam
121
Kamboja
136
Laos
139
Myanmar
150
The Ministry of Trade of the Republic of Indonesia
Indonesia trade and investment with ASEAN
15
Export
2010
2011
2012
Dunia
157
203
190
ASEAN
33
42
41
Jepang
25
33
30
Cina
15
22
21
Korea
12
16
15
AS
14
16
12
Import
2010
2011
2012
Dunia
135
177
191
ASEAN
39
51
53
Jepang
16
19
22
Cina
20
26
29
Korea
7
12
11
AS
9
10
11
US$ Billion
FDI
2010
2011
2012
Q1 2013
value
value
value
value
ASEAN
6.1M
5.8M
5.4M
779J
Asia
non
ASEAN
1.8M
3.2M
5.6M
2.1M
EU
1.1M
2.1M
2.3M
1.1M
ASEAN Population 2011
No
Negara
Population
1
Indonesia
241,452,952
2
Filipina
86,241,697
3
Vietnam
82,689,518
4
Myanmar
42,720,196
5
Thailand
64,865,523
6
Malaysia
23,522,482
7
Kamboja
13,363,421
8
Laos
5,631,585
9
Singapura
4,353,893
10 Timor Leste
1,019,252
11 Brunei Darussalam
365,251
566,225,770
What have been prepared?
Biggest Challenge for Indonesia?
Especially those in high skilled area
26
Surviving skills
in difficult situation!
Thank You
Wassalamu’alaikum
