News from ASEAN

* Timor-Leste Remains Committed to Join ASEAN

 

Timor-Leste remains committed to joining ASEAN and is currently rolling out measures at the national level to consolidate its bid for membership of ASEAN.

 

Check here for more.

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* ASEAN to Pilot Customs Transit System

 

An ASEAN Customs Transit System (ACTS) will be piloted in Malaysia, Singapore and Thailand. The system, aimed at facilitating the movement of transit goods by road within ASEAN.

 

Read more following the link.

 

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More Trade News in Brief Week 31 (29 July – 4 August 2013)

 

* ASEAN Annual Report 2012-2013

 

The ASEAN Annual Report 2012-2013 has been published.

 

The publication is available online on ASEAN website here.

 

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 * Global Forum on Tax Transparency: New Reports Review

 

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

 

Check here for more.

 

EU Signs Treaty of Amity and Cooperation with ASEAN

12 July 2012, Phnom Penh

 

The European Union (EU) accedes to the Treaty of Amity and Cooperation in Southeast Asia (TAC) established by the founding members of the Association of Southeast Asian Nations (ASEAN).

 

 

Logo European Union (EU)

 

Logo ASEAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For further information please refer to the European Commission’s Press Release.

The ASEAN Trading Link to be Launched Soon

31 May 2012, Kuala Lumpur

 

ASEAN announced the establish of a trading link which will integrate ASEAN capital markets.

 

The ASEAN Trading Link will start with Bursa Malaysia and Singapore Exchange (SGX) in June, with the Stock Exchange of Thailand (SET) coming in in August, and the rest when they are ready.

EU-Vietnam Negations on FTA

31 May 2012, Brussels

 

After Malaysia and Singapore,  Vietnam is the third ASEAN’s country with which EU will negotiate a free trade agreement.

 

More here.

 

ASEAN and World Bank Monitoring Agreement

16 May 2012, Jakarta

 

ASEAN and the World Bank have signed an agreement for the World Bank to provide advisory services to ASEAN to strengthen its capacity to monitor progress towards achieving the ASEAN Economic Community (AEC) by 2015.

 

The AEC Monitoring and Evaluation Capacity Building Program (AECMEP) is co-financed by the Australian Agency for International Development (AusAID) – through the ASEAN Australia Development Cooperation Program Phase II (AADCP II) – and the World Bank.

 

More here.

ASEAN+3 and ADB launched the First Bond Market Guide

4 April 2012, Manila, Philippines

 

The ASEAN+3 in collaboration with the Asian Development Bank (ADB) published the Bond Market Guide. The aim of the guide is to encourage more the cross-border bond issuance and investment in the region’s local currency bond markets.

 

ASEAN+3 comprises the 10 member states of the ASEAN plus China, Japan and South Korea.

 

The ASEAN+3 Bond Market Guide is now accessible via the ADB website and the AsianBondsOnline website.

EU-ASEAN Ministerial Meeting

The EU-ASEAN Ministerial Meeting will take place on 26-27 April in Brunei. The meeting goal it to enhance political dialogue and cooperation between the two regions.

 

The EU is ASEAN’s 3rd largest trading partner (after China and Japan) accounting for 11% of ASEAN trade and ASEAN represents the EU’s 5th largest trading partner.