Thai and ASEAN Community
- All industries are to be opened up for investment, with exclusions to be phased out according to schedules
- National treatment is granted immediately to ASEAN investors with few exclusions
- Elimination of investment impediments
- Streamlining of investment process and procedures
- Enhancing transparency
- Undertaking investment facilitation measures
Full realization of the ACIA with the removal of temporary exclusion lists in manufacturing, agriculture, fisheries, forestry and mining is scheduled by 2010 for most ASEAN members and by 2015 for Cambodia, Lao PDR, Myanmar and Vietnam. Trade in Services ASEAN members are negotiating intra-regional services liberalization in several sectors, including air transport, business services, construction, financial services, maritime transport, telecommunications and tourism. Single Aviation Market The ASEAN Single Aviation Market (SAM) will introduce an open-sky arrangement to the region by 2015. The ASEAN SAM will be expected to fully liberalize air travel between its member states, allowing ASEAN to benefit from the growth in air travel around the world, and encouraging tourism, trade, investment and services flows between member states. Free Trade Agreements with Other Countries ASEAN has concluded free trade agreements with China, Korea, and Japan, and is negotiating FTAs with India, Australia/New Zealand, and the European Union. Taiwan has also expressed interest in an agreement with ASEAN but needs to overcome diplomatic objections from China. ASEAN Socio-cultural Community The ASEAN Socio-Cultural Community envisages Southeast Asia bonded together in partnership as a strong community of caring societies and aimed at the vigorous development of regional identity and the preservation of the region’s cultural heritage.Current cultural activities include S.E.A. Write Award, Association of Southeast Asian Institutions of Higher Learning, Heritage Parks, Scholarship and University Network.
To prepare each country’s work force for economic integration, ASEAN will encourage investment in education, training, science and technology development, job creation, and social protection. ASEAN will also seek increased cooperation in public health, especially the prevention and control of infectious and communicable diseases.
More information is available at : http://www.tceb.or.th/exhibition/why-thailand/business-opportunities.html