1. Association of Southeast Asian Nations (ASEAN )
and Regional Comprehensive Economic Partnership
(RCEP)
2.
3.
4. Why ASEAN came to be ?
• The colonial powers lefts these Asian regions shattered.
• Late start in business and technology compared to the more
developed states was common to few Asian states.
• In 1961, Association of Southeast Asia (ASA ) consisting of the
Philippines, Malaysia, and Thailand came into existence.
• In 1967, a simply-worded document containing just five articles called
ASEAN Declaration or Bangkok Declaration with 5 nations adding
Singapore and Indonesia.
• With aim to utilize the “untapped potentials of this rich region
through more substantial united action.”
• Brunei Darussalam (1984), Vietnam (1995), Lao PDR and Myanmar
(1997) and Cambodia (1999).
9. Initiatives and activities
• ASSIST – Now ‘Open for Business’.
• ASEAN Tariff Finder – Supporting MSMEs into Regional and
Global Value Chains
• ASEAN Power Grid.
• Trans ASEAN gas pipeline.
10.
11.
12. • 27 percent of world trade ($12.6 trillion)
• 48 percent of the world’s population (3.4 billion)and
• 26 per cent of world FDI inflows.
(World Development Indicators).
•If implemented it would bring large income gains to the world
economy US$260–644 billion in a decade.
What RCEP can do ?
13. Impact on India
• India has little to gain in getting market access in goods in other countries due
to its poor infrastructure and weak manufacturing base, but it thinks it has an upper
hand in services negotiations.
• (RCEP) trade talks have hit a hurdle because other countries are not receptive to this
idea
• India hopes to acquire market access for its growing skilled professionals and
easier visa regimes in the RCEP member countries.
14. Conflicts and Controversies
• ASEAN adopts controversial human rights declaration
• The prime ministers of Cambodia and Thailand
exchanged heated words over their border conflict at
the ASEAN summit
• With Russian help, ASEAN looks to a controversial
nuclear-powered future.
• ARF failed to issue joint communiqué due to sharply
focused attention on disputes in the South China Sea.
• At ASEAN Vietnam Urges Greater US Involvement In
Spratly Islands
ASSIST: designed as a non-binding and consultative mechanism aiming at delivering practical solutions to ASEAN based enterprises for specific intra–ASEAN cross border trade problems in a time-bound manner, thereby facilitating business across the ASEAN Economic Community (AEC).
