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Non-tariff policies of ASEAN and implications for Vietnam

Participating in the process of building this community, Vietnam has more opportunities to access markets inside and outside the region, thereby expanding markets, diversifying exports; stabilizing import sources and lowering import input prices, thereby contributing to economic restructuring and realization of socio-economic development goals. | NON-TARIFF POLICIES OF ASEAN AND IMPLICATIONS FOR VIETNAM CHÍNH SÁCH PHI THUẾ QUAN CỦA CÁC NƯỚC ASEAN VÀ HÀM Ý CHO VIỆT NAM Tran Viet Thao PhD Nguyen Thi Phuong Ly MA Thuongmai University Abstract After the ASEAN Economic Community AEC was formed in late 2015 ASEAN basically became a common market comprising about 600 million people with a total GDP of nearly US 2800 billion creating a relatively synchronous production space helping promote the common advantages of the ASEAN region. With the power of 10 Southeast Asian countries together with the removing of tariff and non-tariff barriers a vast market has opened up for Vietnamese businesses in commodity exchange and trade attracting investment and participating more deeply in regional supply chains. Goods services capital investment and skilled labor will be freely circulated within ASEAN without any discrimination among members. Participating in the process of building this community Vietnam has more opportunities to access markets inside and outside the region thereby expanding markets diversifying exports stabilizing import sources and lowering import input prices thereby contributing to economic restructuring and realization of socio-economic development goals. Keywords ASEAN AEC Non-Tariff Import and Export Tóm tắt Từ khóa ASEAN AEC Phi Thuế Quan Xuất Nhập Khẩu 639 Introduction The establishment of the ASEAN Economic Community AEC in 2015 is a landmark achievement in the ASEAN economic integration agenda. The AEC is meant to facilitate the free flow of goods services and investments as well as the flow of skilled labor and capital. The AEC promotes integration competition enhances connectivity specialized cooperation creates a balance and brings the ASEAN region deeper into the global economy. Therefore AEC is the most valuable achievement of the ASEAN region because it includes not only economic growth but also integration on the political social and cultural pillars of all members. AEC s remarkable .