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Hi-Tech Nittsu (Thailand) Co., Ltd.

Lersak Inchoo

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Topic coveredASEAN geographyASEAN Economic Community ; AECDiversity in ASEANHow to go with AECQuestions & answers

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ASEAN countries1. Thailand2. Malaysia3. Indonesia4. The Philippines5. Singapore6. Vietnam7. Brunei8. Cambodia9. Myanmar10. Laos PDR

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The ASEAN Economic Community (AEC) is the realisation of the end goal of regional economic integration by 2015 of the ten (10) economies of the ASEAN Member States, namely Brunei Darussalam, Cambodia, Lao PDR, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. The AEC will bring benefits to the peoples of ASEAN by creating a more conducive environment through transparency, predictability and consistency for businesses to flourish. This will in turn benefit consumers who will have access to a cheaper and wider range of goods and services and enjoy more extensive consumer protection. The newer ASEAN Member States of Cambodia, Lao PDR, Myanmar and Viet Nam stand to also gain through the many opportunities for production networks created by an AEC and the productivity enhancing effects of AEC’s emphasis on best practices.

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ASEAN aims to achieve the AEC by facilitating free flow of goods, services, investments and skilled labour, and free flow of capital; increasing physical, institutional and people-to-people connectivity to bring down the cost of doing business; narrowing the development gap both within and between ASEAN Member States by instituting targeted programmes; and finding synergy through engaging in bilateral FTAs and consolidating the Plus One FTAs into a Regional Comprehensive Economic Partnership (RCEP). Further, by tracking our progress and performance against set targets through the AEC Scorecard mechanism.

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AEC BlueprintSingle Market and Production BaseCompetitive Economic RegionEquitable Economic Development Integration into the Global Economy

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Myanmar Agriculture and fishery

Malaysia Rubber products and textile

Indonesia Film & entertainment and wood product

The Philippines Electronics

Singapore Information technology and medical equipment

Thailand Tourism and aviation

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Mixed races, rerigions, traditions, ways of life, social & economics status

Competition among ASEAN counties itself

Learn to respect the differences and live with this diversity

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Total flow from origin to destination ; logistics, documentation, and fund

Knowledge involved for above flows ; Incoterms, UCP, Trade Agreement, English

Parties involved in the flows Documentations Country specefic information

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Logistics partiesShipper ConsigneeBank Shipping BrokerFreight Forwarder (NVOCC)CarrierTruckerTerminalCustomsSurveyor

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Logistics Process Product search ; website, exhibition Price negotiation Quotation issuance Letter of credit application Letter of credit confirmation Start production Shipment arrangement Negotiate Letter of Credit with Bank Payment to Bank Delivery Order exchange Customs clearance Cargo delivery

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Documentation Quotation Proforma Invoice Letter of Credit (L/C) Shipment Booking Equipment Interchange Report (EIR) Shipping Instruction (SI) Bill of Lading (B/L) Tally sheet (vanning list) Invoice Packing List Certificate of Origin (C/O) Export & Import Entry

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Investment Priviledge ; ThailandPay dutyBoard of Investment (BoI)Bis19 (Customs)Free Zone (IEAT & Customs)Bonded warehouse (Customs)

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Country Specific Information ; exampleCustoms clearance lead time in Indonesia Infrastructure in MyanmarEtc