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A Snapshot on A A Sn ACI CIA: A Mechan anis ism t to Acco commodat ate AEC EC 201 015 Presented by SAR Senera (LL.M., LL.D.,) Deputy Director, Legal Affairs & Investment Law Department Council for the Development of Cambodia/CIB


  1. A Snapshot on A A Sn ACI CIA: A Mechan anis ism t to Acco commodat ate AEC EC 201 015 Presented by SAR Senera (LL.M., LL.D.,) Deputy Director, Legal Affairs & Investment Law Department Council for the Development of Cambodia/CIB

  2. AEC Blueprints: 4 Pillars A Region of A Region Fully Single Market A Highly Equitable & Competitive Integrated into the Economic Production Base Economic Region Global Economy Development

  3. Objectives Objectives:  Free flow of goods  Free flow of services  Free flow of investment  Free flow of natural person

  4. How ACIA Would Help Realize AEC Objective in 2015 ? - ACIA:ASEAN Comprehensive Investment Agreement - Signed at the 14 th ASEAN Summit in Cha-am,Thailand (26 May 2009) - Enforced: 29 March 2012 - Objective  to enhance the flow of cross-border investment  to promote the freer flow of capital by making ASEAN a more competitive economy and attractive destination for FDIs

  5. Structure and Scope - Structure: 49 Articles, 2 Annexes, 1 Reservation List - Application:  Investments, in its territory, of investors of any other ASEAN Member State;  Investors of any otherASEAN Member State;  Investments existing as of 29 March 2012 or Investments made after 29 March 2012

  6. Four Pillars of ACIA Promotion Liberalization Facilitation ACIA Protection

  7. Who Will Benefit from ACIA? ASEAN Investor Judicial Persons in Judicial AMS Persons in BUT AMS controlled by 3 rd Country - National Nationals - Citizens - PR

  8. What are the Benefits?  Investment Liberalization  Non-Discrimination  Transparency  Protection for Investors  Mechanism for Investor-State Dispute Settlement

  9. Lib Liberaliz izatio ion ? n ?  Manufacturing  Agriculture  Fishery  Forestry  Mining and Quarrying  Services incidental to above sectors

  10. Non-Discrimination  National Treatment (NT)  Most-Favoured Nation Treatment (MFN)  Senior Management and Board of Directors  No Performance Requirement

  11. Protection for ASEAN Investors  Fair and Equitable Treatment  Full Protection and Security  No Unlawful Expropriation (direct/indirect)  Free Transfer of Funds

  12. ISDS  Alternative Dispute Resolution  Domestic Remedies (Courts, ect.)  Arbitration (ICSID, UNCITRAL, other)

  13. THANK YOU FOR YOUR ATTENTION!

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