- ABOUT ASEANThe Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.Menu
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ASEAN organs always strive to achieve ASEAN’s goals and objectives, the Secretary-General of ASEAN and the ASEAN Secretariat shall be functioned as coordinating Secretariat to help facilitate effective decision-making withing and amongst ASEAN bodies. In addition, each Member State shall appoint a Permanent Representative to liaise with Secretary-General of ASEAN and the ASEAN Secretariat
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ASEAN shall develop friendly relations and mutually beneficial dialogues, cooperation and partnerships with countries and sub-regional, regional and international organisations and institutions. This includes external partners, ASEAN entities, human rights bodies, non-ASEAN Member States Ambassadors to ASEAN, ASEAN committees in third countries and international organisations, as well as international / regional organisations.
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The rodmap for an ASEAN Community (2009-2015) was declared by the leaders in 2009. The ASEAN Community, anchored on three community pillars: Political-Security Community, Economic Community, Socio-Cultural Community was launched in 2015. The ASEAN 2025: Forging Ahead Together was introduced in 2015 as a Post-2015 Vision. It comprises the ASEAN Community Vision 2025, the ASEAN Political-Security Community Blueprint 2025, the ASEAN Economic Community Blueprint 2025 and the ASEAN Socio-Cultural Community Blueprint 2025
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Abstract
The Association of Southeast Asian Nations (ASEAN) has placed significant emphasis on trade facilitation to promote economic integration across Southeast and East Asia. The ASEAN Economic Community Blueprint 2025 aims to promote greater alignment in trade facilitation amongst ASEAN Member States and to establish international best practices. Translating and prioritising the agenda in a practical and measurable manner, the ASEAN Economic Ministers agreed in 2017 to achieve the short-term target of reducing the cost of trade transactions by 2020. The ASEAN Seamless Trade Facilitation Indicators (ASTFI) and Trade Transactions Cost (TTC) were developed by the Economic Research Institute for ASEAN and East Asia (ERIA), in collaboration with the ASEAN Secretariat and the ASEAN Trade Facilitation Joint Consultative Committee, to keep track of progress in trade facilitation within ASEAN by using a set of ASEAN-specific indicators.
Since the baseline ASTFI-TTC study was conducted in 2018–2019, the world has experienced revolutionary changes with implications for ASEAN’s trade facilitation agenda. The coronavirus disease (COVID-19) pandemic caused much economic pain and human loss, but also accelerated digitalisation. Many governments quickly introduced innovative and flexible measures to keep trade flowing across borders. The Regional Comprehensive Economic Partnership agreement, which came into force on 1 January 2022, has further deepened economic integration between ASEAN and its five Dialogue Partners. Continuous updates and evaluations of current trade facilitation practices are needed to achieve further reductions in trade transaction costs by 2025.
More Details
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| Barcode | <000000011754> |
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| Classification | Economic - ASEAN Economic Minister Meeting (AEM) |
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| Language | English |
| Content Type | Text Book |
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