Enhancing cross-border enforcement of regulations on consumer protection was the main theme of a workshop held on April 24-25 in the Philippines on the margins of the 9 th ASEAN Committee on Consumer Protection (ACCP). The event served as a platform for ASEAN countries to exchange information, deliberate on issues of common concern, challenges and share best practices on handling cross-border consumer complaints, e-commerce cases and developing law enforcement sweeps. (Source: Vietnam Plus)
More than 100 Asean young leaders will share their views and opinions with the United States (US) President Barack Obama in a "town hall" meeting, an informal public meeting, to be held at a local university, here tomorrow. The 103 participants of the Young Southeast Asian Leaders Initiative (YSEALI), an initiative launched by Obama last December, will give the US president the opportunity to have a better understanding of the younger generation of the region.(Source: New Straits Times)
Political, legal and organisational complexities and regulatory burdens, as well as the lack of uniformed and harmonised trading rules among the ASEAN members, are hampering the progress of the 2007 ASEAN Economic Community (AEC) Blueprint, which seeks to achieve regional economic integration next year. According to the " ASEAN Economic Community Scorecard 2012", only two-thirds (67.5 per cent) of the targets for an integrated economic region by next year have been met. This is unsurprising given the economic diversity and varying growth maturity in each of the member countries. We also often see that national and local priorities supersede regional initiatives, obscuring wider goals. On the micro level, there are many areas where solutions can be applied. Source: New Straits Times (opinion)
At the Milken Institute Global Conference in Beverly Hills a panel discussion on Southeast Asia provided data, history and empirical experiences that all point toward the ASEAN member states continued economic growth. Moreover, the panel suggested the ten ASEAN member states – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – should be the primary destinations for businesses looking to expand in Asia and investors looking to invest in Asia now and for many years to come. The ASEAN region is set to launch the ASEAN Economic Community (AEC) on December 31, 2015. The AEC is designed to replicate all the positive attributes and economic outcomes of the European Union while avoiding the EU’s missteps such as their common currency. Data presented by the panel showed that GDP for the combined ASEAN region rivals the GDP of India plus the Gulf Cooperation Council states. The over 600 million people in the ASEAN region collectively make up the 8th largest economy in the world without the AEC in place.