Last week, the World Bank Group presented the latest data on financial inclusion in ASEAN to senior representatives of the ministries of finance and central banks of all 10 ASEAN member countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and … A list of member states is provided below. This means that the time frame may be longer than 2003 and tariff rates are not required to be reduced to the 0-5% range as in the CEPT. Underlying the move towards unity and integration is its new motto: “one vision, one identity, one community.” The Charter improves ASEAN’s system of decision-making and enforcement. It is now possible to turn even a simple-feature mobile phone into a financial service point. Overview about ASEAN Regional Economic Integration: “Inclusion for Workers and the Unions” By Maragtas S.V. Products in the Temporary Exclusion List can be kept out of the normal or fast-track of the CEPT Scheme only for a limited time. The 1992 CEPT Agreement excluded unprocessed agricultural products from the CEPT Scheme. Leading the list are the following 10 companies: Human Resources Online is on Telegram! • For households in ASEAN, cash still constitutes the main means for executing financial transactions (payment of wages, government transfers, payment of bills, receiving and sending remittances). In the less financially developed ASEAN countries, enhancing financial inclusion is thus one of the levers available to promote a more sustainable growth that benefits to … Industries leading this year’s D&I Index Top 100 are banking, investment services & insurance firms with a total of 18, followed by pharmaceuticals with 9 and telecommunications services, specialty retailers and personal & household products & services with seven respectively. The Inclusion List refers to those products, which are scheduled for tariff reduction, removal of quantitative restrictions and non-tariff barriers. ASEAN Member Countries have made significant progress in the lowering of intra-regional tariffs through the Common Effective Preferential Tariff (CEPT) Scheme for AFTA. This is a list of ASEAN countries by GDP. Unprocessed agricultural products in the Immediate Inclusion List are to be transferred to either the normal or fast-tracks by 1 January 1996. Those classified in the Immediate Inclusion List account for 31.6% of intra-ASEAN imports; the products in the TEL account for 32.9%; and the products in the Sensitive List account for 35.5%. They have become vital copy to attract the best talent. Hence, nearly two-thirds of intra-ASEAN imports of unprocessed agricultural products will be in the CEPT Scheme by 2003. These products will have a tariff reduction schedule to bring their tariff rates down to 0-5% in 2003. It promotes the economic growth of 10 countries located south of China. Unprocessed agricultural products in the Immediate Inclusion List are to be transferred to either the normal or fast-tracks by 1 January 1996. By browsing our website, you consent to our use of cookies and other tracking technologies. Yes, Member Countries can accelerate their tariff reduction and/or include more than 20% of their products in the Temporary Exclusion List into the Inclusion List. Table 2UNPROCESSED AGRICULTURAL PRODUCTS, BY CATEGORY. Follow us @humanresourcesonline or click here for all the latest weekly HR and manpower news from around the region. By 1 January 2000, the total number of tariff lines in the CEPT Inclusion List will reach 53,254 tariff lines, which represents about 82.78% of all tariff lines in the ten ASEAN countries. At the time, Netflix’s U.S. workforce included only 6% Hispanic/Latinx and and 3.8% Black employees. The following are some notable achievements in the Asia Pacific region that show recent progress in broad diversity and inclusion efforts. Realising an inclusive and people-centered Asean requires a mutually supporting ecosystem with Asean. Book Title : "ACPMS 2017 - Inclusive Development" Click on the Cover Book Image to download this eBook. After all, the best talent values inclusivity. Another 402 tariff lines representing 20% of the total have also been submitted for temporary exclusion. Lists. A significant proportion of those products originally excluded from the CEPT have been submitted for immediate inclusion. It is also required that quantitative restrictions and other non-tariff barriers on these products be removed. Amante Professor, College of Economics and Business Administration, Hanyang University Erica Campus (Korea) Summary: This paper offers ideas for the roadmap to ASEAN economic integration to achieve decent work, More than 99 percent of the products in the CEPT Inclusion List (IL) of ASEAN-6, comprising Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand, have been brought down to the 0-5 percent tariff range. We use cookies and other tracking technologies to improve your browsing experiences on our website, to show you personalised content and targeted ads, to analyze our website traffic and to understand where our visitors are coming from. Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand shall eliminate import duties on at least 60% of the products in the Inclusion List by 1 January 2003. United States leads the Top 100 list with 20 firms followed by the United Kingdom with 13, Australia with nine and Canada and France with seven. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, MANILA -- The Association of Southeast Asian Nations (ASEAN) has vowed to provide “inclusive, equitable and quality" education and "lifelong learning opportunities" to its citizens. The product has to be included in the Inclusion List of the exporting and the importing countries and must have a tariff of 20% and below; It has to have a program of tariff reduction approved by the AFTA Council; It has to be an ASEAN product, i.e., it has to satisfy the local content requirement of 40%. ASEAN was first formed in 1967 with six member countries: Brunei, Indonesia, Malaysia, Singapore, Thailand and the Philippines; and was subsequently joined by Cambodia, Laos, Myanmar and Vietnam. Below are 10 examples of Inclusion Statements I hope you draw inspiration from. financial inclusion. This book provides a survey of progress on financial inclusion in five major Asian developing economies: the People’s Republic of China (PRC), India, Indonesia, the Philippines, and Thailand. They represent some 1,358 tariff lines or 68% of the unprocessed agricultural products. The ASEAN Free Trade Area (AFTA) has now been virtually established. ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 INCLUSIVE DEVELOPMENT The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. This working group has met twice already. The research also includes a survey conducted in December 2011 to January 2012 which yielded 355 responses from companies located in seven key markets across the region: Australia, China, India, Japan, Hong Kong, South Korea and ASEAN. A working group under the purview of both the Senior Economic Officials Meeting (SEOM) and the Senior Officials of the ASEAN Ministers on Agriculture and Forestry (SOM AMAF) has been created to work out the features of the special arrangement. "With investors and businesses paying more attention to D&I practices and disclosures in the region, we are confident that more APAC organisations will be taking the lead in embedding diversity and inclusion into their business strategy going forward.". The private sector, through ASEAN-CCI, can propose an acceleration to the Senior Economic Officials Meeting (SEOM) via the AFTA Unit or the National AFTA Units. While financial inclusion stands at about 50%, the percentage of adults with a mobile phone in the ASEAN population is close to 90%. BY ROBERTO GIMÉNEZ LLAMAS 2017 is a year of celebrations for both the Association of Southeast Asian Nations (ASEAN) and the European Union (EU). What inclusion unlocks. 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