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Single Market Needed for Automotive Sector to Really Take Off in ASEAN

The economic integration of ASEAN through AEC 2015 is expected to enhance the region’s competiveness, create a level-playing field and boost its role as a global supplier and market in the automotive industry. Other than natural market growth, government policy has also been, and will likely continue being a major driver of demand in the region.

This has manifested into two distinct forces that are shaping the automotive landscape in ASEAN- (1) The Evolution of the ASEAN Economic Community (AEC) and (2) The Impact of Free Trade Agreements (FTAs). Despite these aspirations, there are still many hurdles that prevent players to enjoy the full-fledged benefits of such integration.

Issues discussed:

  1. Harmonisation of automotive technical regulations
  2. Streamlining of customs procedure and distribution system
  3. Fostering of supporting industries and human resources

Sector Champion

Co-Conveners
Alex Newbigging
Group Managing Director, Jardine Cycle & Carriage Ltd.

Yeap Swee Chuan
President & CEO, AAPICO

Moderator
Vivek Vaidya, Vice President of Automotive, Frost & Sullivan

Research Partner
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Vivek Vaidya
Vice President of Automotive, Frost & Sullivan
Dushyant Sinha,
Associate Director, Automotive, FRost & Sullivan


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