Connect with us

Asean

ASEAN Needs a Comprehensive Strategic Export Control Policy

Export controls remain a ticklish issue which is handled at the national level in ASEAN. Singapore and Malaysia have enacted comprehensive strategic export control laws, and Thailand has indicated that it would like do so as well one day

Published

on

asean flag

Export controls at first blush would appear to have not much relevance to the AEC, being a security issue rather than an economic issue. After all, export controls are primarily aimed at preventing the proliferation of weapons of mass destruction WMDs, which are consistent with ASEAN’s Treaty on the Southeast Asia Nuclear Weapon-Free Zone  and Declaration for a Zone of Peace, Freedom and Neutrality Zopfan.

Both agreements evidence ASEAN members’ commitment to prevent the spread of WMDs into the region.  Yet the inconsistent and incomplete coverage of export controls in ASEAN actually has an adverse economic impact on the region.

asean flag

ASEAN Needs a Comprehensive Strategic Export Control Policy

Many high-tech and value-added industries operate in the West in compliance with the stronger export controls there.  The absence of comprehensive export controls discourages certain investments into ASEAN by these industries.

Nevertheless, export controls remain a ticklish issue which is handled at the national level in ASEAN.  Singapore and Malaysia have enacted comprehensive strategic export control laws, and Thailand has indicated that it would like do so as well one day.

The other ASEAN members have varying stances on the issue.Perhaps this reflects a sentiment that export controls are largely driven by the West, particularly the United States.  Indeed the U.S. has the most comprehensive and actively enforced export control laws, with severe penalties for non-compliance.  Some critics say the U.S. export control laws are too active and comprehensive, discouraging the export of items which do not have proliferation risks.   That is one reason the U.S. is actively discussing the reform of its export control laws.

via AEC Blog.

I am a U.S. international trade lawyer at the Singapore office of Appleton Luff and adjunct associate professor of law at National University of Singapore. There, I teach the first course developed on the law and policy of the ASEAN Economic Community (AEC). I have also advised the ASEAN Secretariat in an EU-funded assistance project on the ASEAN Trade in Goods Agreement (ATIGA), and represented companies in dealing with the ASEAN Industrial Cooperation (AICO) scheme, Common External Preferential Tariff (CEPT) program and other ASEAN economic integration

Tech

Global fashion e-tailer Shein launches new hub in Singapore

Published

on

Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

Source link

Continue Reading

Singapore

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.

Published

on

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,158 other subscribers

Wise

Recent