A Snapshot on A A Sn ACI CIA: A Mechan anis ism t to Acco - - PowerPoint PPT Presentation

▶

Aug 11, 2023 12 likes •146 views

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

SLIDE 1

Presented by SAR Senera (LL.M., LL.D.,) Deputy Director, Legal Affairs & Investment Law Department Council for the Development of Cambodia/CIB

A Sn A Snapshot on A ACI CIA: A Mechan anis ism t to Acco commodat ate AEC EC 201 015

SLIDE 2

AEC Blueprints: 4 Pillars

Single Market & Production Base A Highly Competitive Economic Region A Region of Equitable Economic Development A Region Fully Integrated into the Global Economy

SLIDE 3

Objectives:

Free flow of goods Free flow of services Free flow of investment Free flow of natural person

Objectives

SLIDE 4

ACIA:ASEAN Comprehensive Investment Agreement
Signed at the 14th 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

How ACIA Would Help Realize AEC Objective in 2015 ?

SLIDE 5

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

Structure and Scope

SLIDE 6

Four Pillars of ACIA

ACIA

Facilitation Protection Promotion Liberalization

SLIDE 7

Who Will Benefit from ACIA?

Judicial Persons in AMS

National
Citizens
PR

Judicial Persons in AMS BUT controlled by 3rd Country Nationals

ASEAN Investor

SLIDE 8

 Investment Liberalization  Non-Discrimination Transparency  Protection for Investors  Mechanism for Investor-State Dispute Settlement

What are the Benefits?

SLIDE 9

 Manufacturing Agriculture  Fishery  Forestry  Mining and Quarrying  Services incidental to above sectors

Lib Liberaliz izatio ion ? n ?

SLIDE 10

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

Non-Discrimination

SLIDE 11

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

Protection for ASEAN Investors

SLIDE 12

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

ISDS

SLIDE 13