ASEAN STUDIES CENTRE
About the Conference
The services sector has gained growing attention in recent years. It has accounted for an increasing share in the Gross Domestic Product of a number of economies while its global trade growth has surpassed the growth in merchandise trade. Further, the ten Southeast Asian countries aspire to deepen their services sector integration for building a stronger ASEAN Economic Community (AEC) by 2025. However, services liberalization has progressed much more slowly than goods liberalization. Diverse regulations across countries have been identified as one of the key barriers to liberalization efforts. Within the services sector, efficient logistics is a pre-requisite for a smooth movement of goods within and across countries. It is also an important component for enhanced connectivity in ASEAN. But, the goal of integrating logistics in ASEAN has yet to be achieved. Despite the initiatives made to liberalize and integrate this sector, there are still many challenges ahead for improving logistics integration in order to reduce trade costs in ASEAN.
This Conference brings together prominent economists and logistics experts to assess the extent to which ASEAN’s services liberalization policies are able to attract Foreign Direct Investment (FDI) in the logistics sector. It further examines the challenges encountered in each of the 10 ASEAN member countries in this issue, with the aim of finding solutions for meeting the goals of logistics integration.