Please inform us when making use of the content. The six markets could be worth a total of US$88 billion or more by 2025. 31st ASEAN Summit. … ASEAN’s E-Commerce Landscape 2. Thai e-commerce growth was the highest in Asean, attributed to changes in consumer behaviour. The AEC 2025 CSAP complements the AEC 2025 Blueprint by serving as a single reference document intended to inform stakeholders of the key action lines that will be implemented in pursuit of ASEAN economic integration agenda from 2016 to 2025. 16 August 2017. Business Insider. The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEA… AEC Blueprint 2025 – to intensify cooperation on e-commerce with a view to developing an ASEAN Agreement on E-commerce to facilitate cross-border e-commerce transaction. Acknowledging the growing importance of e-commerce and in preparing for the new digital economy, ASEAN has intensified the efforts to finalise the ASEAN Agreement on e-Commerce, a priority deliverable under Singapore's ASEAN chairmanship and part of the ASEAN Work Programme on Electronic Commerce 2017-2025. In parallel, the ASEAN summit also welcomed the endorsement of the ASEAN Digital Integration Framework, which identifies the economic benefits and challenges posed by digital integration for ASEAN and its Member States, with particular attention to MSMEs. The joint study by the social media giant and global management consultants released this week found that while consumers in Southeast Asia spent US$125 on average on online purchases in 2018, that sum is expected to more than triple to US$390 in 2025. Realising the important role of trust in e-commerce, the ASEAN Economic Ministers have adopted the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025, which aims to facilitate cross-border e-commerce in ASEAN, covering multi-sectoral initiatives in different areas of e-commerce, and especially to facilitate methods to solve trust-related issues within e-commerce … The agreement aims to. ASEAN Economic Ministers adopted the ASEAN Digital Integration Framework and … In 2017, the value of Thai e-commerce was around … ASEAN ICT Masterplan 2020 - launched in November 2015, aims to transform ASEAN towards a digital economy by 2020. JAKARTA, 14 August 2018 – ASEAN updated the ASEAN Economic Community (AEC) 2025 Consolidated Strategic Action Plan (CSAP) to include action lines from sectoral work plans. ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025. The ten member states of ASEAN have been slowly and steadily working towards greater integration. ASEAN agreement on e-commerce is signed in Singapore. These initiatives and goals are linked to ASEAN’s Work Programme on Electronic Commerce 2017 – 2025 and the ASEAN Economic Community Blueprint 2025 which aims to achieve the above goals by 2025 10. Programme on Electronic Commerce (AWPEC) 2017-2025; •ASEAN Agreement on e-commerce to facilitate cross-border e-commerce transaction to be developed in AEC Blueprint 2025; •Transforming ASEAN into digital economy in the ASEAN ICT Master Plan 2020; •ASEAN Consumer Protection (ASEAN Strategic Plan on Consumer Protection 2025; •E-commerce Provisions in AANZFTA and … It comprises commitments on the fields of cybersecurity, data localization and data flows, ensuring that companies and consumers can easily access and move data across borders, without the need to “build expensive and unnecessarily redundant data centres in every market”. By 2025, ASEAN’s internet economy is set to quadruple to US$200 billion from the current US$50 billion in 2017, with e-commerce expected to grow to US$88 billion . Forecasted size of e-commerce market in the ASEAN region from 2015 to 2025 (in billion U.S. dollars) [Graph]. The signing of this agreement is the first step towards greatly improving eCommerce in ASEAN. News Singapore The Handbook was completed by CCS with inputs from ASEAN Member States. Submitted content will be reviewed and published by our team of knowledge curators. on Electronic Commerce 2017-2025. Yet, in most ASEAN nations (with the exception of Singapore), e-commerce accounts for a small slice of total retail which presents many opportunities for growth. Sustained economic growth and a young, digitally-savvy population are among factors driving ASEAN's Internet economy, which is expected to hit US$200 billion by 2025. You can submit your content at digitalwatch@diplomacy.edu, For more information on potential partnerships and the knowledge curators programme, contact us at digitalwatch@diplomacy.edu, Read about our just-in-time reporting initiatives. Following its first publication on 6 February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025… In the meantime, ASEAN has begun to make forward progress on another key area of importance with the signing of an agreement on electronic commerce (e-commerce). GDP Projections, ASEAN (Current prices), USD billion)] [Figure 2. The agreement also contains provisions on online consumer protection, personal data protection alternative online dispute resolution mechanisms for e-commerce transactions. With this report, UNCTAD has covered all three ASEAN LDCs and contribute to their effective participation in the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025. Situating E-Commerce Within ASEAN / AEC • AEC 2025 Blueprint -Enhanced Connectivity and Sectoral Cooperation – E-Commerce - ASEAN shall intensify cooperation on e-Commerce building upon Article 5 of e-ASEAN Framework Agreement adopted by ASEAN Leaders in November 2000, with a view to develop an ASEAN Agreement on e-Commerce to facilitate cross- On the sidelines of the 33rd ASEAN Summit in Singapore, the Economic Ministers of the delegate countries signed the ASEAN Agreement on e-Commerce, which is part of the implementation of the ASEAN Work Programme on Electronic Commerce 2017-2025. February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025, the AEC 2025 Trade Facilitation Strategic Action Plan. (May 16, 2017). ASEAN Strategic Action Plan on Consumer Protection 2025 – to Apart from transactional values of e-commerce, a lot of things are going on in the market. ASEAN is the world’s fastest growing internet market, with 330 million internet users . JAKARTA, 14 August 2018 – ASEAN updated the ASEAN Economic Community (AEC) 2025 Consolidated Strategic Action Plan (CSAP) to include action lines from sectoral work plans. 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