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Towards the Asean Economic Community 2015 and beyond

Presented by ASEAN at the OECD Southeast Asia Regional Forum, 24-26 March 2014, Bali, Indonesia.

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Towards the Asean Economic Community 2015 and beyond

  1. 1. OECD Southeast Asia Regional Forum Consultation Meeting –SME Policy Work Stream one vision one identity one community 1 Towards the AEC 2015 and Beyond 24 March 2014 Bali, Indonesia
  2. 2. Outlines Key Take-Aways from the ASEAN SME Policy Index 3 2 ASEAN SME Strategic Plan - Progress & Key Achievements SME as the Third Pillar of AEC1 2
  3. 3. 1. SMEs – As the Third Pillar of AEC 3
  4. 4. ASEAN ECONOMIC COMMUNITY STRATEGIC SCHEDULE OF THE AEC BLUEPRINT (2008-2015) Pillar 1 Single Market & Production Base • Free flow of goods • Free flow of services • Free flow of investment • Freer flow of capital • Free flow of skilled labor • Priority Integration Sectors • Food, agriculture and forestry Pillar 2 Competitive Economic Region • Competition policy • Consumer protection • Intellectual property rights • Infrastructure development • Taxation • E-Commerce Pillar 3 Equitable Economic Development • SME development • Initiative for ASEAN Integration Pillar 4 Integration into the Global Economy • Coherent approach towards external economic relations • Enhanced participation in global supply networks HUMAN RESOURCE DEVELOPMENT RESEARCH AND DEVELOPMENT 4
  5. 5. Significance of SMEs to ASEAN Economies SMEs represent up to 99% of all enterprises in ASEAN member states (AMS) SMEs generate 56% to 97% of domestic employment including youth and women SMEs contribute 30% - 60% to GDP SMEs contribute 19% - 31% to exports 5
  6. 6. 2. ASEAN SME Strategic Action Plan – Progress & Key Achievements 6
  7. 7. ASEAN Strategic Action Plan for SME Development (2010-2015) MarketFinance Environ ment Techno- logy Infor- mation Human Resource 7
  8. 8. Access to Finance Policy Dimension: Access to Finance ASEAN SME Regional Development Fund SME Credit Rating Model Accounting Guidelines for SMEs 8
  9. 9. Access to Market & Internationalisation of SMEs Policy Dimension: International Market Expansion Improvements in Rural Living Condition Through One Village One Product (OVOP) SME Trade Fairs, Conference, Expos Directories of ASEAN SMEs Enhancement of ASEAN SME FTA Utilisation 9
  10. 10. Access to Human Resources Development Policy Dimension: Promotion of Entreprene urial Education Internship Schemes for Staff Exchanges/ Visits ASEAN Small Business Competitiveness Program Common Curriculum for Entrepreneurship (COBLAS) 10
  11. 11. Access to Information & Advisory Services Policy Dimension: Access to Support Services Formulation of Case/ Industry Studies to Develop Benchmarks/ Baselines for SMEs SME Guidebook Towards the AEC 2015 Establishment of ASEAN SME Service Centre, Phase II 11
  12. 12. Access to Technology & Innovation Policy Dimension: Technology & Tech Transfer Strengthening SME Business & Technology Incubator Establishment of ASEAN Business Incubation Network (ABINet) Policy Program to Upgrade SMEs in Selected Industry Sectors 12
  13. 13. 3. Key Take-Aways from the ASEAN SME Policy Index 13
  14. 14. Key Take-Aways from the ASEAN SME Policy Index Good Regulatory Environment • ASEAN Benchmarks for Faster & Cheaper Startups • A Common SME Definition Applied in a Country • Good Coordination between Domestic Government Agencies Entrepreneurial Education • Support Entrepreneurial Learning • Accelerator / E-learning Tools for Start-up Access to Finance • Develop Regulatory Framework • Sound and Diversified Financial Products • Financial Education and Discipline 14
  15. 15. Key Take-Aways from the ASEAN SME Policy Index Technology & Tech Transfer • Promote Adoption of Technology • Foster Tech Cooperation, focus on Commercialisation • Promote Networking Among Tech Incubators Support Int’l Market Expansion • Capacity Building Program for Exporting SME • Promote e-commerce, biz matching and social networking • Reduce Cost and Simplify Customs Procedures Access to Supporting Services • Promote e-Services • Ensure ranges of services and data are updated and relevant to domestic and regional trade 15
  16. 16. CHALLENGES/ISSUES A good SME policy environment vital for SME development Minimum ASEAN benchmarks/standards for some of the components will be useful Challenge will be to develop a roadmap and the milestones to achieve this SMEWG post-2015 Action Plan - may be a good avenue to operationalise some of these elements Cross-sectoral effort – need cooperation of related ASEAN bodies 16
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