Is the Philippines Ready for the ASEAN INTEGRATION?

The Philippines is gearing up for the integration of the Association of Southeast Asian Nations (Asean) come end of 2015.  A discussion that is very concomitant for the past years.


What is ASEAN INTEGRATION?

According to Ian Jester M. de Vera (entrepreneurship.org.ph), the blueprint for realizing an ASEAN Economic Community (AEC) by 2015 was adopted and signed by ASEAN Leaders in November 2007 in Singapore during their annual Summit Meeting.  One of the main objectives of an AEC is to create a single market and production base by ensuring a free flow of goods, services, investment, capital and skilled labor.

The Philippines is one of the signatories in the AEC Blueprint, which means the country, along with other ASEAN Member States (AMS), should be open to zero import duties for ASEAN products and services by 2015.  AMS nationals, meanwhile, should be able to work anywhere in the region without a work permit.

The Integration is expected to boost investments, job creation, and incomes in the region.  While the ASEAN Integration is expected to level the playing field among industries in the region, it is also expected that Philippine firms should brace for an intense competition with their ASEAN counterparts.  An intense competition will therefore raise the bar for innovation, quality and productivity, which will enable businesses to compete head on with other players.

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There are several good economic factors that indicate that the Philippines and our people especially the health workers will benefit from this integration, however, others inclined that there are several stumbling blocks to the alliance.

This union of states has been the “most talked about” subject in the business world since early last year.  I’ve seen and hear it everywhere be it on business news or business section of the print media.  Benguet State University likewise joined the loop as the theme for its 98th Foundation Day last year was…

 "BSU @98: Gearing up for the challenges and opportunities of ASEAN 2015,”

As such, Mindanao Daily News reported, that the Benguet State University (BSU) is continuously improving its institutional status ranking being the 23rd among higher educational institutions in the country and in the top ten in terms of agriculture-related programs in preparation for the ASEAN Integration.


What is ASEAN INTEGRATION for me?

ASEAN INTEGRATION is one huge leap for the Philippine economy.  Imagine our workforce especially the newly graduates who will be increasing by half a million come March, they will be given a chance to work in ASEAN countries given that they meet the qualifications.  As a mother, I was tickled pink by this good news, and hopeful with my sons future that the professional horizon is now wider to accommodate those who work hard with their crafts.

Constructive impingements will be no working visas required within ASEAN countries; Filipinos can invest in other ASEAN countries especially on their stock markets; and duty free taxes, amongst others.

I think we are more than ready.  There is no stopping now.  Philippines is rising Global.  Go Philippines!