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ASEAN:
A Community of Opportunities
ASEAN – Asia’s Economic
PowerhouseA huge market:
625 million+
people
GDP:
USD 2.4
trillion
FDI USD
122
billion+
If ASEAN were a single country, it would already be the
seventh-largest economy in the world, with a combined GDP
of $2.4 trillion in 2013.
It is projected to rank as the fourth-largest economy by 2050.
McKinsey & Co – May 2014
ASEAN
ASEAN
• Highly connected:
Physically,
Institutionally and
among the Peoples
• Free trade
agreements with
major regional
economies
• Young educated
labor force
ASEAN… DIVERSE
Home to major
religions
Vast natural
resources
Rich culture
Courtesy of ASEAN National Tourism Organisations
Courtesy of ASEAN National Tourism Organisations
Courtesy of ASEAN National Tourism Organisations
10 MEMBER STATES
• Brunei Darussalam (7 January 1984)
• Cambodia (30 April 1999)
• Indonesia (8 August 1967)
• Lao PDR (23 July 1997)
• Malaysia (8 August 1967)
• Myanmar (23 July 1997)
• Philippines(8 August 1967)
• Singapore (8 August 1967)
• Thailand (8 August 1967)
• Viet Nam (28 July 1995)
ASEAN: Association of South East Asian Nations
The ASEAN Journey to Community Building
2015
ASEAN Community
2007
Cebu Declaration
2003
Bali Concord II
1997
ASEAN Vision 2020
1967
Bangkok Declaration
The ASEAN Journey to Community Building
Bangkok
Declaration
“Accelerate the economic
growth, social progress and
cultural development in the
region through joint
endeavors.”
“Promote regional peace
and stability through
abiding respect for justice
and the rule of law.” 1967
The ASEAN Journey to Community Building
“ASEAN as a concert of
Southeast Asian nations,
outward looking, living in
peace, stability and
prosperity, bonded
together in partnership in
dynamic development and
in a community of caring
societies.”
ASEAN Vision 2020
1997
The ASEAN Journey to Community Building
Bali Concord II
“An ASEAN Community
shall be established
comprising three pillars,
namely political and
security cooperation,
economic cooperation,
and socio-cultural
cooperation…”
2003
The ASEAN Journey to Community Building
12th ASEAN Summit
Cebu, Philippines
“Accelerate the
establishment of an
ASEAN Community by
2015…”
2007
The ASEAN Journey to Community Building
Strengthening Framework
of ASEAN Integration
ASEAN Charter 2008
Roadmap for an
ASEAN Community
2009–2015 2009
Master Plan on
ASEAN Connectivity 2010
Why an ASEAN Community?
• Need to intensify political cooperation, strengthen peace
and security in Southeast Asia
• Enhance economic competitiveness of individual Member
States, and of ASEAN as regional market and production
base for global economic competition
• Need to narrow the development gaps
• Need to respond effectively to transnational threats to
human security and new challenges in the 21st century
• Harness human resources and benefit from rich cultural
diversity in the ASEAN region
• Gain international recognition and support for community-
building
The ASEAN Journey to Community Building
Coordination Mechanism of the ASEAN Integration
The ASEAN Journey to Community Building
Coordination Mechanism of the ASEAN Integration
Overview of the ASEAN Community
• ASEAN Political Security Community (APSC)
– Ensures that the peoples and Member States of ASEAN live in peace
with one another and with the world at large in a just, democratic and
harmonious environment.
• ASEAN Economic Community (AEC)
– Transforms ASEAN into a stable, prosperous, and highly competitive
region with equitable economic development, and reduced poverty
and socio-economic disparities.
• ASEAN Socio-Cultural Community (ASCC)
– Contributes to realising an ASEAN Community that is people-oriented
and socially responsible with a view to achieving enduring solidarity
and unity among the peoples and Member States of ASEAN.
Narrowing the Development Gap (NDG)
Progressing together through cooperation in development.
The Community Building Milestones
ASEAN Political-Security Community
1. Ensure that the peoples and Member
States of ASEAN live in peace with one
another and with the world at large
2. Strengthen the mutually beneficial
relations between ASEAN and its
Dialogue Partners and friends.
3. Maintains the centrality and proactive
role of ASEAN in a regional architecture
that is open, transparent and inclusive,
while remaining actively engaged,
forward-looking and non-discriminatory
The Community Building Milestones
ASEAN Political-Security Community – Milestones
International recognition of the Treaty of
Amity and Cooperation as a key code of
conduct for inter-state relations in the region
has grown remarkably.
The TAC now has 32 High Contracting
Parties.
The Community Building Milestones
ASEAN Political-Security Community – Milestones
78 Non-ASEAN Member States and
organizations have accredited their
Ambassadors to ASEAN.
ASEAN has established 42 ASEAN
Committees in Third Countries around the
globe to further contribute to raise ASEAN
awareness and profile.
APSC Blueprint implementation rate: 86%
(as of 15 December 2014)
The Community Building Milestones
ASEAN Economic Community
Establish ASEAN as:
The Community Building Milestones
AEC Scorecard Key Deliverables
22
*as of Dec 2014
83.8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Single Market
& Production
Base
Competitive
Economic
Region
Equitable
Economic
Development
Integration
into the
Global
Economy
Ongoing
Implemented Ahead
Not Implemented
Fully Implemented
The Community Building Milestones
AEC Key Achievements
• Free flow of goods: The ASEAN Trade in Goods Agreement
(ATIGA).
• Free flow of services: The ASEAN Framework Agreement
on Services (AFAS) and the Mutual Recognition
Arrangements.
• Free flow of investment: The ASEAN Comprehensive
Investment Agreement (ACIA) and the Protocol to Amend
the ACIA.
• Freer flow of capital: Implementation of measures to further
spur financial services liberalisation, capital market
development, and capital account liberalisation.
• Free flow of skilled labour: The ASEAN Agreement on the
Movement of Natural Persons and the ASEAN Qualification
Reference Framework (AQRF).
The Community Building Milestones
AEC Key Achievements
• For Pillar 2 (Competitive Economic Region), measures to
develop capacities and frameworks on competition policy
and law, consumer protection and IPR, and infrastructure
development measures to enhance the region’s
competitiveness and connectivity.
• To narrow the development gaps (Pillar 3), ASEAN Leaders
endorsed the ASEAN Framework on Equitable Economic
Development (EED) in November 2011.
• On‐going negotiations for the Regional Comprehensive
Economic Partnership (RCEP) and preparations for the
ASEAN‐Hong Kong Free Trade Area (AHKFTA)
negotiations.
The Community Building Milestones
ASEAN SOCIO-CULTURAL
COMMUNITY
1. Realising an ASEAN Community that
is people-oriented and socially
responsible to achieve enduring
solidarity and unity among the
peoples and Member States of
ASEAN.
2. Forming a common identity and build
a caring and sharing society which is
inclusive and where the well-being,
livelihood, and welfare of the peoples
are enhanced.
The Community Building Milestones
ASEAN SOCIO-CULTURAL COMMUNITY
Heightened Commitments
• Declaration on Non-communicable Diseases
in ASEAN
• Declaration on Elimination of Violence
Against Women and Elimination of Violence
Against Children in ASEAN
• Development of ASEAN instruments for the
protection and promotion of the rights of
migrant workers
The Community Building Milestones
ASEAN SOCIO-CULTURAL COMMUNITY
Quick, tangible action
Humanitarian assistance through the ASEAN
Coordinating Centre for Humanitarian
Assistance (AHA Centre)
ASCC Blueprint implementation rate: 97%
(as of December 2014)
Post-2015 ASEAN
23rd SUMMIT – BANDAR SERI BEGAWAN
DECLARATION ON THE ASEAN
COMMUNITY’S POST-2015 VISION
Vision:
“A politically cohesive, economically integrated,
socially responsible, and truly people-oriented,
people-centered and rules-based ASEAN”
Started this year (2014) and to be launched by the Leaders at
the end of 2015
Central Elements
• Enhance and consolidate the ASEAN Community
through deeper and more comprehensive
process of integration
• Emphasis on centrality of ASEAN
• Emphasis on integrated economies, equitable
development of the ASEAN Member States
• Contain aspirational goals. One such goal is to
halve the number of people living in poverty in
ASEAN countries and double the combined GDP
of ASEAN by 2030.
A work in progress
ASEAN Community is a process, not an event
Post-2015 Vision - APSC
An ASEAN Political-Security Community where
peace, stability and security prevail and the
peoples live in a safe and secured environment,
with shared principles, values and norms, with
enhanced external relations in depth and scope,
strengthened ASEAN's centrality in the regional
architecture, and an ASEAN common platform on
global issues.
From the Nay Pyi Taw Declaration on the ASEAN Community's
Post-2015 Vision, 12 November 2014
Post-2015 Vision - AEC
An ASEAN Economic Community for 2016-2025
(AEC 2025) that includes an integrated and highly
cohesive economy, a competitive, innovative and
dynamic ASEAN, a resilient, inclusive and people-
oriented, people-centred ASEAN, enhanced
sectoral integration and cooperation, and a global
ASEAN.
Post-2015 Vision - ASCC
An ASEAN Socio-Cultural Community that is
inclusive, sustainable, resilient, dynamic and
engages and benefits the people.
ASEAN Secretariat
• Established on 24 February 1976 by the Foreign Ministers of
ASEAN
• Existing ASEAN Secretariat premises in Jakarta officiated in
1981
• Staff recruited locally and from the ASEAN Member States
• ASEC Vision: By 2015, ASEC will be the nerve centre of a
strong and confident ASEAN Community that is globally
respected for acting in full compliance with its Charter and in the
best interest of its people.
• ASEC Mission: ASEC’s Mission is to initiate, facilitate and
coordinate ASEAN stakeholder collaboration in realising the
purposes and principles of ASEAN as reflected in the ASEAN
Charter.
ASEAN Secretariat’s Basic Function
Provide for greater efficiency in the coordination of ASEAN
organs and for more effective implementation of ASEAN
projects and activities.
Secretary-General of ASEAN
(2013-2017)
• H.E. Le Luong Minh from Viet Nam
• Carry out duties and responsibilities in
accordance with the provisions of the Charter
and relevant ASEAN instruments, protocols and
established practices
• Facilitate and monitor progress in the
implementation of ASEAN agreements and
decisions
• Participate in meetings of the ASEAN Summit,
ASEAN Community Council,
• ASEAN Coordinating Council, and sectoral
Ministerial bodies
Deputy Secretaries-General
The ASEAN SG is assisted by four Deputy Secretaries-
General from different nationalities from SG and from
four different ASEAN Member States.
U Nyan Dr Lim Alicia Dela Dr AKP
Lynn Hong Hin Rosa Bala Mochtan
(Myanmar) (Brunei Darussalam) (Philippines) (Indonesia)
APSC AEC ASCC Community and
Corporate Affairs (CCA)
Conclusion
The ASEAN Secretariat
Jalan Sisingamangaraja 70 A
Jakarta 12110
Thank You
www.asean.org

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Asean a community of opportunities (overview ppt) jan2015

  • 1. ASEAN: A Community of Opportunities
  • 2. ASEAN – Asia’s Economic PowerhouseA huge market: 625 million+ people GDP: USD 2.4 trillion FDI USD 122 billion+
  • 3. If ASEAN were a single country, it would already be the seventh-largest economy in the world, with a combined GDP of $2.4 trillion in 2013. It is projected to rank as the fourth-largest economy by 2050. McKinsey & Co – May 2014 ASEAN
  • 4. ASEAN • Highly connected: Physically, Institutionally and among the Peoples • Free trade agreements with major regional economies • Young educated labor force
  • 5. ASEAN… DIVERSE Home to major religions Vast natural resources Rich culture Courtesy of ASEAN National Tourism Organisations Courtesy of ASEAN National Tourism Organisations Courtesy of ASEAN National Tourism Organisations
  • 6. 10 MEMBER STATES • Brunei Darussalam (7 January 1984) • Cambodia (30 April 1999) • Indonesia (8 August 1967) • Lao PDR (23 July 1997) • Malaysia (8 August 1967) • Myanmar (23 July 1997) • Philippines(8 August 1967) • Singapore (8 August 1967) • Thailand (8 August 1967) • Viet Nam (28 July 1995) ASEAN: Association of South East Asian Nations
  • 7. The ASEAN Journey to Community Building 2015 ASEAN Community 2007 Cebu Declaration 2003 Bali Concord II 1997 ASEAN Vision 2020 1967 Bangkok Declaration
  • 8. The ASEAN Journey to Community Building Bangkok Declaration “Accelerate the economic growth, social progress and cultural development in the region through joint endeavors.” “Promote regional peace and stability through abiding respect for justice and the rule of law.” 1967
  • 9. The ASEAN Journey to Community Building “ASEAN as a concert of Southeast Asian nations, outward looking, living in peace, stability and prosperity, bonded together in partnership in dynamic development and in a community of caring societies.” ASEAN Vision 2020 1997
  • 10. The ASEAN Journey to Community Building Bali Concord II “An ASEAN Community shall be established comprising three pillars, namely political and security cooperation, economic cooperation, and socio-cultural cooperation…” 2003
  • 11. The ASEAN Journey to Community Building 12th ASEAN Summit Cebu, Philippines “Accelerate the establishment of an ASEAN Community by 2015…” 2007
  • 12. The ASEAN Journey to Community Building Strengthening Framework of ASEAN Integration ASEAN Charter 2008 Roadmap for an ASEAN Community 2009–2015 2009 Master Plan on ASEAN Connectivity 2010
  • 13. Why an ASEAN Community? • Need to intensify political cooperation, strengthen peace and security in Southeast Asia • Enhance economic competitiveness of individual Member States, and of ASEAN as regional market and production base for global economic competition • Need to narrow the development gaps • Need to respond effectively to transnational threats to human security and new challenges in the 21st century • Harness human resources and benefit from rich cultural diversity in the ASEAN region • Gain international recognition and support for community- building
  • 14. The ASEAN Journey to Community Building Coordination Mechanism of the ASEAN Integration
  • 15. The ASEAN Journey to Community Building Coordination Mechanism of the ASEAN Integration
  • 16. Overview of the ASEAN Community • ASEAN Political Security Community (APSC) – Ensures that the peoples and Member States of ASEAN live in peace with one another and with the world at large in a just, democratic and harmonious environment. • ASEAN Economic Community (AEC) – Transforms ASEAN into a stable, prosperous, and highly competitive region with equitable economic development, and reduced poverty and socio-economic disparities. • ASEAN Socio-Cultural Community (ASCC) – Contributes to realising an ASEAN Community that is people-oriented and socially responsible with a view to achieving enduring solidarity and unity among the peoples and Member States of ASEAN. Narrowing the Development Gap (NDG) Progressing together through cooperation in development.
  • 17. The Community Building Milestones ASEAN Political-Security Community 1. Ensure that the peoples and Member States of ASEAN live in peace with one another and with the world at large 2. Strengthen the mutually beneficial relations between ASEAN and its Dialogue Partners and friends. 3. Maintains the centrality and proactive role of ASEAN in a regional architecture that is open, transparent and inclusive, while remaining actively engaged, forward-looking and non-discriminatory
  • 18. The Community Building Milestones ASEAN Political-Security Community – Milestones International recognition of the Treaty of Amity and Cooperation as a key code of conduct for inter-state relations in the region has grown remarkably. The TAC now has 32 High Contracting Parties.
  • 19. The Community Building Milestones ASEAN Political-Security Community – Milestones 78 Non-ASEAN Member States and organizations have accredited their Ambassadors to ASEAN. ASEAN has established 42 ASEAN Committees in Third Countries around the globe to further contribute to raise ASEAN awareness and profile. APSC Blueprint implementation rate: 86% (as of 15 December 2014)
  • 20. The Community Building Milestones ASEAN Economic Community Establish ASEAN as:
  • 22. AEC Scorecard Key Deliverables 22 *as of Dec 2014 83.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Single Market & Production Base Competitive Economic Region Equitable Economic Development Integration into the Global Economy Ongoing Implemented Ahead Not Implemented Fully Implemented
  • 23. The Community Building Milestones AEC Key Achievements • Free flow of goods: The ASEAN Trade in Goods Agreement (ATIGA). • Free flow of services: The ASEAN Framework Agreement on Services (AFAS) and the Mutual Recognition Arrangements. • Free flow of investment: The ASEAN Comprehensive Investment Agreement (ACIA) and the Protocol to Amend the ACIA. • Freer flow of capital: Implementation of measures to further spur financial services liberalisation, capital market development, and capital account liberalisation. • Free flow of skilled labour: The ASEAN Agreement on the Movement of Natural Persons and the ASEAN Qualification Reference Framework (AQRF).
  • 24. The Community Building Milestones AEC Key Achievements • For Pillar 2 (Competitive Economic Region), measures to develop capacities and frameworks on competition policy and law, consumer protection and IPR, and infrastructure development measures to enhance the region’s competitiveness and connectivity. • To narrow the development gaps (Pillar 3), ASEAN Leaders endorsed the ASEAN Framework on Equitable Economic Development (EED) in November 2011. • On‐going negotiations for the Regional Comprehensive Economic Partnership (RCEP) and preparations for the ASEAN‐Hong Kong Free Trade Area (AHKFTA) negotiations.
  • 25. The Community Building Milestones ASEAN SOCIO-CULTURAL COMMUNITY 1. Realising an ASEAN Community that is people-oriented and socially responsible to achieve enduring solidarity and unity among the peoples and Member States of ASEAN. 2. Forming a common identity and build a caring and sharing society which is inclusive and where the well-being, livelihood, and welfare of the peoples are enhanced.
  • 26. The Community Building Milestones ASEAN SOCIO-CULTURAL COMMUNITY Heightened Commitments • Declaration on Non-communicable Diseases in ASEAN • Declaration on Elimination of Violence Against Women and Elimination of Violence Against Children in ASEAN • Development of ASEAN instruments for the protection and promotion of the rights of migrant workers
  • 27. The Community Building Milestones ASEAN SOCIO-CULTURAL COMMUNITY Quick, tangible action Humanitarian assistance through the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre) ASCC Blueprint implementation rate: 97% (as of December 2014)
  • 28. Post-2015 ASEAN 23rd SUMMIT – BANDAR SERI BEGAWAN DECLARATION ON THE ASEAN COMMUNITY’S POST-2015 VISION Vision: “A politically cohesive, economically integrated, socially responsible, and truly people-oriented, people-centered and rules-based ASEAN” Started this year (2014) and to be launched by the Leaders at the end of 2015
  • 29. Central Elements • Enhance and consolidate the ASEAN Community through deeper and more comprehensive process of integration • Emphasis on centrality of ASEAN • Emphasis on integrated economies, equitable development of the ASEAN Member States • Contain aspirational goals. One such goal is to halve the number of people living in poverty in ASEAN countries and double the combined GDP of ASEAN by 2030. A work in progress ASEAN Community is a process, not an event
  • 30. Post-2015 Vision - APSC An ASEAN Political-Security Community where peace, stability and security prevail and the peoples live in a safe and secured environment, with shared principles, values and norms, with enhanced external relations in depth and scope, strengthened ASEAN's centrality in the regional architecture, and an ASEAN common platform on global issues. From the Nay Pyi Taw Declaration on the ASEAN Community's Post-2015 Vision, 12 November 2014
  • 31. Post-2015 Vision - AEC An ASEAN Economic Community for 2016-2025 (AEC 2025) that includes an integrated and highly cohesive economy, a competitive, innovative and dynamic ASEAN, a resilient, inclusive and people- oriented, people-centred ASEAN, enhanced sectoral integration and cooperation, and a global ASEAN.
  • 32. Post-2015 Vision - ASCC An ASEAN Socio-Cultural Community that is inclusive, sustainable, resilient, dynamic and engages and benefits the people.
  • 33. ASEAN Secretariat • Established on 24 February 1976 by the Foreign Ministers of ASEAN • Existing ASEAN Secretariat premises in Jakarta officiated in 1981 • Staff recruited locally and from the ASEAN Member States • ASEC Vision: By 2015, ASEC will be the nerve centre of a strong and confident ASEAN Community that is globally respected for acting in full compliance with its Charter and in the best interest of its people. • ASEC Mission: ASEC’s Mission is to initiate, facilitate and coordinate ASEAN stakeholder collaboration in realising the purposes and principles of ASEAN as reflected in the ASEAN Charter.
  • 34.
  • 35. ASEAN Secretariat’s Basic Function Provide for greater efficiency in the coordination of ASEAN organs and for more effective implementation of ASEAN projects and activities.
  • 36. Secretary-General of ASEAN (2013-2017) • H.E. Le Luong Minh from Viet Nam • Carry out duties and responsibilities in accordance with the provisions of the Charter and relevant ASEAN instruments, protocols and established practices • Facilitate and monitor progress in the implementation of ASEAN agreements and decisions • Participate in meetings of the ASEAN Summit, ASEAN Community Council, • ASEAN Coordinating Council, and sectoral Ministerial bodies
  • 37. Deputy Secretaries-General The ASEAN SG is assisted by four Deputy Secretaries- General from different nationalities from SG and from four different ASEAN Member States. U Nyan Dr Lim Alicia Dela Dr AKP Lynn Hong Hin Rosa Bala Mochtan (Myanmar) (Brunei Darussalam) (Philippines) (Indonesia) APSC AEC ASCC Community and Corporate Affairs (CCA)
  • 39. The ASEAN Secretariat Jalan Sisingamangaraja 70 A Jakarta 12110

Editor's Notes

  1. Population: 616,613,651 (2012) Land area: 4,435,617  sq. km.  GDP: US$ 2.395 trillion (2014) and GDP per capita USD 3,832 Trade: US$ 2.5 trillion (2014) -- Exports = USD 1,271,128 Million; Imports = USD 1,240,388 Million Foreign Direct Investment (FDI): US$ 122.3 billion (2013) Latest statistics revealed that in general, ASEAN economies remained buoyant as nominal Gross Domestic Product (GDP) grew by 5.2 percent at US$ 2.4 trillion in 2013 from 2.3 trillion in the previous year. The continued economic growth is partly reflected in the improved GDP per capita at US$ 3,834 from US$ 3,781 in 2012. On the other hand, ASEAN’s real GDP growth in 2013 was slightly lower by 0.7 percentage point at 5.2 percent compared to 2012. ASEAN5’s (Indonesia, Malaysia, Philippines, Singapore and Thailand) combined growth was recorded at 4.1 percent during the third quarter of 2014 from 5.1 percent during the same period in 2013, partly driven by adverse economic developments in Brunei Darussalam and Thailand. Source : ASEAN Stats
  2. Population: 616,613,651 (2012) Land area: 4,435,617  sq. km.  GDP: US$ 2.395 trillion (2014) and GDP per capita USD 3,832 Trade: US$ 2.5 trillion (2014) -- Exports = USD 1,271,128 Million; Imports = USD 1,240,388 Million Foreign Direct Investment (FDI): US$ 122.3 billion (2013) Latest statistics revealed that in general, ASEAN economies remained buoyant as nominal Gross Domestic Product (GDP) grew by 5.2 percent at US$ 2.4 trillion in 2013 from 2.3 trillion in the previous year. The continued economic growth is partly reflected in the improved GDP per capita at US$ 3,834 from US$ 3,781 in 2012. On the other hand, ASEAN’s real GDP growth in 2013 was slightly lower by 0.7 percentage point at 5.2 percent compared to 2012. ASEAN5’s (Indonesia, Malaysia, Philippines, Singapore and Thailand) combined growth was recorded at 4.1 percent during the third quarter of 2014 from 5.1 percent during the same period in 2013, partly driven by adverse economic developments in Brunei Darussalam and Thailand. Source : ASEAN Stats
  3. Highly connected region: Indonesia’s mobile phone penetration: 109%; Bangkok is the Facebook capital of the world; 81% of Vietnamese use social media; Philippines has 30 million Facebook users Young educated labour force: youth aged 15-29 account for 27% of ASEAN’s population; they are mostly educated and tech savvy ASEAN signed FTAs with China, Japan, South Korea, India, New Zealand and Australia.
  4. ASEAN people practice Islam, Christianity, Buddhism, Hinduism, etc It has varied topography and vast natural resources, with rich mineral deposits, oil deposits, etc. ASEAN people have rich cultural traditions and heritage. Tourism in ASEAN: Total visitor Arrival to ASEAN: 98,016,001 person Tourist originating from fellow ASEAN Member States: 43,559,100
  5. Free flow of goods: The ASEAN Trade in Goods Agreement (ATIGA) -- the elimination of tariffs and addressing nontariff measures/barriers in the region; efforts to integrate customs procedures; create National Single Windows and the ASEAN Single Window; and harmonise standards and conformance procedures. Free flow of services: The ASEAN Framework Agreement on Services (AFAS) -- restrictions to cross‐border services trade in at least 80 subsectors have been eased; allows the movement of professional services for overall services integration in ASEAN. To date, Mutual Recognition Arrangements for 8 professional services have been signed. Free flow of investment: The ASEAN Comprehensive Investment Agreement (ACIA) commitments to liberalise and protect cross-border investment activities while embracing international best practices in the treatment of foreign investors and investment. Supported by the Protocol to Amend the ACIA on the mandate and procedures for improving the investment regime in ASEAN. Freer flow of capital: Efforts to facilitate freer flow of capital continued with the implementation of measures to further spur financial services liberalisation, capital market development, and capital account liberalisation. Free flow of skilled labour: The ASEAN Agreement on the Movement of Natural Persons, which was signed in November 2012,  provides the legal framework to facilitate temporary cross‐border movement of people engaged in the conduct of trade in goods, services and investment. To facilitate the movement of professionals, the ASEAN Qualification Reference Framework (AQRF) was endorsed in August 2014 to provide a standard for voluntary cross-referencing among the different National Qualification Frameworks of AMS.
  6. For Pillar 2 (Competitive Economic Region), measures have been implemented to develop capacities and frameworks on competition policy and law, consumer protection and IPR, and infrastructure development measures to enhance the region’s competitiveness and connectivity. To narrow the development gaps (Pillar 3), ASEAN Leaders endorsed the ASEAN Framework on Equitable Economic Development (EED) in November 2011. To help operationalise the AFEED, the first ASEAN Equitable Development Monitor was presented to ASEAN Leaders in November 2014, which analyses trends in equitable development across the region and identifies areas for priority action. Work on integrating ASEAN into the global economy (Pillar IV) focused on the implementation of the ASEAN+1 FTAs, the on‐going negotiations for the Regional Comprehensive Economic Partnership (RCEP) and preparations for the ASEAN‐Hong Kong Free Trade Area (AHKFTA) negotiations.
  7. Started this year and to be finalized and launched by the Leaders of ASEAN by the end of 2015 various ideas enjoying broad support have been floated on what such an ASEAN Community’s post-2015 Vision should encompass