Connect with us

Asean

Thailand and ASEAN economic integration

Amidst global challenges politically and economically the ten members of Association of Southeast Asian Nations or ASEAN willl need even more economic strength and bargaining power globally.

Avatar

Published

on

The 34th ASEAN summit was held in Bangkok and one of the main aspect of the statement is to emphasize economic integration among the ten ASEAN members.

Amidst global challenges politically and economically the ten members of Association of Southeast Asian Nations or ASEAN willl need even more economic strength and bargaining power globally.

During the press conference after the summit General Prayuth chan-ocha urged other nations to complete negotiation this year for regional comprehensive economic partnership (RCEP).

If accomplished by the end of this year the RCEP will encompass 45 percent of world population and more than a third of the global GDP, but this group does not include the US.

In an exclusive interview with the Bank of Thailand governor Thai PBS asked how Thailand should be prepared for the global economic challenges.

One important challenge is how to retrain our current workforce . You hear complaints all the time in Thai newspapers that the Thai university does not produce graduates fit for the job, and it’s a huge burden for employers to retrain these new graduates so costly for them there is unemployment underemployment for certain graduates with certain types of degree.

Thailand is becoming an ageing society and the number of new students going to university is under decline. On the other hand we have more than 30 million people in the current world vast that need to be retrained to be able to equip with digital transformation with technology advancements

Universities can become a catalyst in in helping retrain this workforce and definitely it needs cooperation from employers of these workers.

It also requires certain types of support and incentives from the government to incentivize new workers to get retrained and to incentivize employers to retrain those workers.

So there are quite a number of efforts that different stakeholders have to join hands in setting up a new platform for Thailand and be able to upgrade the quality of our current workforce.

As long as we are aware of the challenges ahead of us, and you know we all realize that we all have to take parts even in helping upgrade the Thai economy, the Thai society, and not looking for a particular solutions a particular agencies to address the big problems will be facing, a very positive Thailand can move forward with a sustainable footing.

The way I look at Asean and you know and how Thailand could benefit from ASEAN and how ASEAN could benefits from Thailand, I think we lucky be very fortunate that we are a member of ASEAN and we share common objectives of creating an economic community that would benefit our people in Asean.

The reason I’m saying that because there are a lot of complementarity among ASEAN members as you have pointed out.

We shortage of workers which shortage of Labor and working age population is on the decline but we can benefit from immigrant workers from other ASEAN countries coming to work in Thailand

The supply chain of certain manufacturing industries that we used to have solely in Thailand is now expanding in neighbouring countries. With more abundance of natural resources and cheaper labor we have seen the supply chain of Thailand industry expanding into neighboring countries leveraging on the strength of each country in creating the overall comparative advantage of Thai firms competing abroad

So there are a lot of complementarity that that we can benefit from ASEAN countries and the fact that we as the second largest economy in Asean, we have been working very closely with with other ASEAN countries to ensure that we can maintain our comparative advantage.

We can maintain our competitiveness we can jointly benefits on a win-win basis with other ASEAN countries and move our economy forward.

Comments

Asean

ASEAN, Canada, UN Women launch 5-year programme to advance Women, Peace and Security Agenda

Asean News

Published

on

Joint Press Release ASEAN, Canada, UN Women jointly launch 5-year programme to advance Women, Peace and Security Agenda
Jakarta/Ottawa/New York, 24 February 2021 – The Association of Southeast Asian Nations (ASEAN), Canada and UN Women jointly launched today a five-year programme to expand and strengthen women’s leadership and participation in conflict prevention, resolution and recovery in South-East Asia.

The CAD 8.5 million (US $6.36 million) programme, “Empowering women for sustainable peace: preventing violence and promoting social cohesion in ASEAN”, is funded by Global Affairs Canada to support ASEAN and the implementation of the ASEAN-Canada Plan of Action 2021-2025, with the support of UN Women as a lead UN partner.

“Canada is proud to launch this flagship initiative that uses the women, peace and security approach to promote inclusive and sustainable peace and security in the region, while addressing the systemic gender inequality,” said Diedrah Kelly, Canada’s Ambassador to ASEAN.

ASEAN has made important strides to advance women, peace and security agenda, including the adoption of the first ‘Joint Statement on Promoting Women, Peace and Security in ASEAN’ in 2017, the launch of the ASEAN Women’s Peace Registry in 2018, and convening the first ASEAN Symposium on Women, Peace and Security in 2019 and the ASEAN Ministerial Dialogue on Strengthening Women’s role for Sustainable Peace and Security in 2020.

Secretary-General of ASEAN Dato Lim Jock Hoi said, “ASEAN is working concertedly to advance women, peace and security agenda across the three ASEAN Community Pillars as part of our commitment to promote gender equality and the roles of women in the implementation of the ASEAN Comprehensive Recovery Framework.”

The COVID-19 impact has increased the risks for women and girls in fragile and conflict-affected contexts and this challenges us to re-examine threats to human security. “The pandemic highlights the important linkage between peace, humanitarian and development and the critical need for women’s leadership and participation to ensure effective and comprehensive response, from policy decision-making to peace building and pandemic response,” said Jamshed Kazi, UN Women Representative and Liaison to ASEAN.

The new programme reflects the commitment of ASEAN and Canada to promote gender equality and to respond to an increasingly widespread calls across the globe for women to be empowered to lead and participate in peace and development.

ASEAN includes Brunei, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam.

For more information, please contact:
Montira Narkvichien
Regional Communications Specialist
UN Women Asia and the Pacific
Tel: +66 2 288 1579 | Mobile: +66 81 6688900 | Email: [email protected]

Source link

Continue Reading

Asean

New report analyses labour productivity across ASEAN countries

In terms of individual Member States, Thailand recorded the highest average growth rate, with an
average annual per-worker labor productivity growth rate of 3.44 percent. Singapore (3.25
percent), Malaysia (3.18 percent), and Indonesia (3.17 percent) followed with similar average
annual growth rates of over 3 percent.

Olivier Languepin

Published

on

ASEAN promotes higher labour productivity for the region

JAKARTA, 23 February 2021 – Today, ASEAN Secretariat launched the Regional Study Report on Labour Productivity in ASEAN.

(more…)
Continue Reading

Asean

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.

Avatar

Published

on

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on Friday, followed by the 17th ASEAN-India Economic Ministers Consultations on August 29.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

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

Join 13,634 other subscribers

Trending