KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Members of ASEAN Economic Community (AEC)
■Since December 31, 2015, ASEAN has transformed into the "ASEAN Economic Community," with free movement of
goods, services, investment, and skilled labour, and a freer flow of capital
■Strategic measures under the five characteristics in the AEC Blueprint 2025 will be operationalised through sectoral
work plans and their implementation and monitored through the AEC 2025 Monitoring and Evaluation Framework
LAND 23
SINGAPORE
PHILIPPINES
BRUNEI
MALAYSIA
MYANMAR
LAOS
AMBODIA
INDONESIA
A highly
integrated
and cohesive
economy
AEC Blue print 2025 (2016-2025)
A competitive,
Innovative,
and dynamic
ASEAN
Enhanced
connectivity
and sectoral
cooperation
A resilient,
inclusive, and
people-oriented,
people-centred
ASEAN
A global
Source: The Association of Southeast Asian Nations and KResearch
Size of ASEAN Economy (USD Trillion)
3.6
3.8
2.5
2.5
2.6
2.8
2.9 3.1 3.0 3.1
3.3
Average Projected GDP Growth around 4.0-4.5%
L L L L L L I
2014
2015
2016
2017
2018
2019
2020F
2021F 2022F 2023F
2024F
GDP
Thailand
ASEAN
Size of Economy (GDP) in USD Trillion for 2020
2020 Real GDP Growth Forecast
0.5
-6.0%
3.1
-2.5%
ASEAN
Note:
- Size of economy from IMF and compiled by KResearch
- 2020 GDP forecast is projected by KResearch
Source: IMF and KResearch (June 2020)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
AEC as a Growth Driver to Thailand
1) Regional Connectivity
2) The Pluralism of Economic Integration
GREATER MEKONG SUBREGION
China-EUFTA
TTIP
EU
US
Trans-Atlantic Trade and I
Investment Partnership)
TPP
(Trans-Pacific Partnership)
*PPmembers
RCEP members
TPP& RCEP members
FTA with Thailand
CJKFTA
(China Japan South Korea FTA)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
179
3) High Growth Environment
•
⚫ Strategically located, Thailand
is the most essential area for
GMS connectivity
Physical connectivity and ease
•
of customs formalities will
spur regional trade and
promote regional supply chain
⚫ The emergence of AEC and RCEP, as well as other
FTAs, will attract even more FDIs into the region,
especially from the +3 countries
⚫ 2015 marks the completion of ASEAN Free Trade Zone
amidst CLMV lowering their import tariffs close to zero
• Thailand will constitute the center of production in
Mainland South East Asia, while low-value,
labor-intensive processes will be moved to CLMV
• The materialization of regional
supply chain will help maintain the
region's competitiveness through
labor division
• The establishment of Thailand's
SEZs along the border is to tap
into plentiful resources of CLM
• Consumer markets in CLMV will
grow along with GDP increase and
urbanization
Note: CLMV = Cambodia, Laos, Myanmar and Vietnam; GMS = Greater Mekong Subregion; SEZS = Special Economic Zones; RCEP = Regional Comprehensive Economic Partnership
บริการทุกระดับประทับใจ
180View entire presentation