Book contents
- Frontmatter
- Contents
- Preface
- Forewords to the First and Second ASEAN Reader: ASEAN: Conception and Evolution
- Forewords to the First and Second ASEAN Reader: ASEAN: The Way Ahead
- Forewords to the First and Second ASEAN Reader: New Challenges for ASEAN
- SECTION I ASEAN: THE LONG VIEW
- SECTION II COUNTRY ANALYSES
- SECTION III COMPARATIVE ANALYSES OF THE REGION
- Southeast Asian Societies
- The Southeast Asian Economy
- Southeast Asian Politics
- SECTION IV INTERNATIONAL DEVELOPMENTS
- SECTION V INSTITUTIONS OF ASEAN
- SECTION VI ASSESSING ASEAN'S INTERNAL POLICIES
- ASEAN Political Security Community
- ASEAN Economic Community
- 41 Implementing the ASEAN Economic Community Blueprint
- 42 Towards an ASEAN Economic Community by 2015
- 43 Understanding ASEAN's Connectivity
- 44 Enhancing the Institutional Framework for AEC Implementation
- 45 What is a Single Market? An Application to the Case of ASEAN
- 46 Non-Tariff Barriers: A Challenge to Achieving the ASEAN Economic Community
- 47 Towards a Truly Seamless Single Windows and Trade Facilitation Regime in ASEAN Beyond 2015
- 48 An Assessment of Services Sector Liberalization in ASEAN
- 49 Financial Integration Challenges in ASEAN beyond 2015
- 50 Free Flow of Skilled Labour in ASEAN
- 51 Toward a Single Aviation Market in ASEAN: Regulatory Reform and Industry Challenges
- ASEAN Socio-Cultural Community
- SECTION VII ASSESSING ASEAN'S EXTERNAL INITIATIVES
- ASEAN Processes
- ASEAN's Major Power Relations
- SECTION VIII SOUTHEAST ASIA: PERIPHERAL NO MORE
- Bibliography
- The Contributors
- The Compilers
45 - What is a Single Market? An Application to the Case of ASEAN
from ASEAN Economic Community
Published online by Cambridge University Press: 22 June 2017
- Frontmatter
- Contents
- Preface
- Forewords to the First and Second ASEAN Reader: ASEAN: Conception and Evolution
- Forewords to the First and Second ASEAN Reader: ASEAN: The Way Ahead
- Forewords to the First and Second ASEAN Reader: New Challenges for ASEAN
- SECTION I ASEAN: THE LONG VIEW
- SECTION II COUNTRY ANALYSES
- SECTION III COMPARATIVE ANALYSES OF THE REGION
- Southeast Asian Societies
- The Southeast Asian Economy
- Southeast Asian Politics
- SECTION IV INTERNATIONAL DEVELOPMENTS
- SECTION V INSTITUTIONS OF ASEAN
- SECTION VI ASSESSING ASEAN'S INTERNAL POLICIES
- ASEAN Political Security Community
- ASEAN Economic Community
- 41 Implementing the ASEAN Economic Community Blueprint
- 42 Towards an ASEAN Economic Community by 2015
- 43 Understanding ASEAN's Connectivity
- 44 Enhancing the Institutional Framework for AEC Implementation
- 45 What is a Single Market? An Application to the Case of ASEAN
- 46 Non-Tariff Barriers: A Challenge to Achieving the ASEAN Economic Community
- 47 Towards a Truly Seamless Single Windows and Trade Facilitation Regime in ASEAN Beyond 2015
- 48 An Assessment of Services Sector Liberalization in ASEAN
- 49 Financial Integration Challenges in ASEAN beyond 2015
- 50 Free Flow of Skilled Labour in ASEAN
- 51 Toward a Single Aviation Market in ASEAN: Regulatory Reform and Industry Challenges
- ASEAN Socio-Cultural Community
- SECTION VII ASSESSING ASEAN'S EXTERNAL INITIATIVES
- ASEAN Processes
- ASEAN's Major Power Relations
- SECTION VIII SOUTHEAST ASIA: PERIPHERAL NO MORE
- Bibliography
- The Contributors
- The Compilers
Summary
The 2003 Declaration of ASEAN Concord II declared “The ASEAN Economic Community shall establish ASEAN as a single market and production base”. The achievement of the declared goal of a single market can be made only if political decision-makers and bureaucrats understand fully the meaning of a single market and the measures required to implement it. The meaning of the term, therefore, requires careful examination.
A SINGLE MARKET = THE LAW OF ONE PRICE
The idea of a single market comes of course from the European Economic Community (EEC)/EU. Initially the EEC created by the 1957 Treaty of Rome was a Common Market. This European concept of a common market was expressed in terms of the “four freedoms”, that is, freedom of trade in goods, services, capital, and labour. A Common Market required the abolition of all border restrictions on the movement of goods, services, capital, and labour. It also required the establishment of “common policies” in four designated areas: external trade, agriculture, transport, and competition. The Single European Act describes the Single Market as “an area without internal frontiers in which the free movement of goods, persons, services and capital is ensured”. The central idea of a single market is that there should be no discrimination according to source in the regional markets for goods, services or factors, thus creating a market that should be a single market with no geographic segmentation. It was realized that the cross-border freedoms were not sufficient for foreign suppliers to have access equal to that of domestic suppliers.
The elimination of border controls, important as it is, does not of itself create a genuine common market. Goods and people moving within the Community should not find obstacles inside the different member States as opposed to meeting them at the border. The restriction of imports by measures applying beyond-the-border is usually couched in terms of the principle of National Treatment. National Treatment is the rule that a good or factor that crosses the border should receive the same treatment as a like product produced domestically or a like factor owned by domestic residents with respect to taxes and charges and regulations.
- Type
- Chapter
- Information
- The 3rd ASEAN Reader , pp. 237 - 240Publisher: ISEAS–Yusof Ishak InstitutePrint publication year: 2015