Problems relating to Trade and Investment on ASEAN

 
24. Indigested legislation, abrupt changes
Issue
Issue details
Requests
Reference
(1) Delays of information on the progress made on AEC2015 - Updating is insufficient concerning the Progress Status by the Member States made on AEC2015. - It is requested that ASEAN discloses the progress made on the negotiation/consultation relative to AEC2015 as information commonly available to each Member State.
  (Action)
- At the 27th ASEAN Summit convened on 21 November 2015, "Kuala Lumpur Declaration (KLD) on the Establishment of the ASEAN Community" was signed and adopted on 22 November 2015. It declares formal establishment of APSC, ASCC, and AEC by 31 December 2015. Notwithstanding KLD, "ASEAN2025" was jointly adopted. It comprises of 5-Instruments:
(1) Kuala Lumpur Declaration that carries over by 10-years the completion of the ASEAN Common Progress and Community,
(2) the ASEAN Community Vision 2025,
(3) APSC Blueprint 2025,
(4) AEC Blueprint 2025 and
(5) ASCC Blueprint 2025.
- On 20 November 2015, ASEAN released 2-Reports on Progress and Key Achievements based on the going AEC Blueprint:
[1] "AEC2015: Progress and Key Achievements" (evaluated by The AEC Scorecard as of end of October 2015):
(1)Achievement Rate of Measures under the Scorecard: 486 measures achieved out of 611 measures in total.
(2)Major achievements in Trade In Goods includes, i) Materialised Tariff Removal on 95.99% of the Tariff Items in average in the entire ASEAN Member States, ii) Simplified ATIGA Rules of Origin, iii) A Fair Progress made on introduction of Self -Certification, iv) Signing of Protocol on introduction of Electronic Exchange of Rules of Origin geared toward construction of the ASEAN Single Window, v) Achieved development of work toward construction of ASEAN Trade Repository: in respect of Standards/Attestation/ Certification in the area of Cosmetics, Medical Equipment, Electric/Electronic Products, effectuation of Mutual Recognition Agreement, etc.
[2] "ASEAN Integration Report 2015" addresses the Progresses and Achievements on the Major Integration Measures (MIM) since adoption of the 2007 AEC Blue Print, analyses the impact/influences given to the entire Area, and evaluates the status of MIM employment in each Member State.

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