The Importance of ASEAN Economic
Community (AEC) 2015
by
Mr. Arin Jira
ASEAN Business Advisory Council
(ASEAN-BAC)
Former Chairman 2008 – 2009
Co-chairman 2010
January 20, 2011
1. Overview of ASEAN Economic Community
AEC
characteristic
objective
To create a stable,
prosperous and highly
competitive ASEAN
economic region
Single Market and
Production base
Free flow of goods
services, investment,
and skilled labor
Freer flow of capital
1.1 Characteristics of AEC
Single Market and Production Base
goods
skilled
labor
service
AEC
capital
invest
ment
1.2 Objectives of AEC
Single
market and
production
base
Integration
into the
global
economy
AEC
Blueprint
Equitable
economic
development
Competitive
economic
region
2.1 Environmental Analysis
Physical
A transportation
center in ASEAN
GMS and IMT-GT
2.2 Environmental Analysis
Ease of doing
business
Supporting
factors
Economic
Long–established and
newly emerging
industries
Expected
GDP Growth
4.5% (2011)
Global
markets
connectivity
2.3 Business Opportunities in Thailand
Potential Sectors
Automotive
& Parts
Tourism Hub
Electrical &
Electronics
Halal Food
Production Hub
Manufacturing
& Assembly
Hub
Machinery and
Metalworking
Production Base
2.4 Business opportunities in Thailand
Exhibition as the most effective tool
to penetrate ASEAN market
• Thailand is ranked No. 1 in ASEAN Exhibition
Industry
• Global recognition as a leading destination for
international conventions & as one of the top three
convention destinations in Asia
• A choice of world class venues and facilities which
combine quality, diversity and value
• Strategic location in the heart of Asia
• Exotic Cultural Attractiveness such as good
hospitality, serviced-mind people and warm & friendly
country
• Exceptional value for money for convention
organizers and delegates; all participants benefit from
outstanding value and the highest quality service.
Summary
ASEAN economy is integrating to achieve the
goal of AEC in 2015.
Numerous benefits are offered to
businesses and investors.
Single market
Production base
Thailand is a Hub in many sectors for ASEAN
THANK YOU