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(http://www.itra.fcu.edu.tw/)

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Tymoteusz Stanisaw Bryx

Tymoteusz Stanisaw Bryx

Dear professors, parents and most importantly - students.

Today, I've been granted a privilege to greet you in this special day of yours.

The day of your long journey at Feng Chia University comes to an end. Our

brilliant professors equipped you with knowledge, your parents gave you passion

and support to get up every day and study hard, till all the exams are passed. Now

you've earned the right to relax a bit, to rest... and to gather strength, before you

will get out there and conquer the world! Because it is up to you - young and smart,

but most importantly - aware of your surroundings - of delicate and complex ties

between companies, technologies, environment and limited natural resources - to

boldly go out there and change the world. It is our duty... nay... our privilege to

create a world that we'd all like to live in. And in that quest, I wish you all a big

success.

D0057010

103

2015/11/10

Enron

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Oracle ERP

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(BIBA)

26

Murphy

Association of Southeast Asian Nations

Murphy

The Association of Southeast Asian Nations (ASEAN) is a political and economic

organization of ten countries located in Southeast Asia, which was formed on 8 August

1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then,

membership has expanded to include Brunei, Cambodia, Laos, Myanmar (Burma) and

Vietnam. Its aims include accelerating economic growth, social progress, socio-cultural

evolution among its members, protection of regional peace and stability, and

opportunities for member countries to discuss differences peacefully.

ASEAN covers a land area of 4.46 million km, which is 3% of the total land area

of Earth, and has a population of approximately 600 million people, which is 8.8% of

the world's population. The sea area of ASEAN is about three times larger than its land

counterpart. In 2012, its combined nominal GDP had grown to more than US$ 2.3

trillion. If ASEAN were a single entity, it would rank as the eighth largest economy in

the world.

Economic community

ASEAN has emphasized regional cooperation in the three pillars, which are

security, socio-cultural integration, and economic integration. The regional grouping

has made the most progress in economic integration by creating an ASEAN Economic

Community (AEC) by 2015. The average economic growths of ASEAN's member

nations during 19892009 was Singapore with 6.73 percent, Malaysia with 6.15 percent,

Indonesia with 5.16 percent, Thailand with 5.02 percent, and the Philippines with 3.79

percent. This economic growth was greater than the average Asia-Pacific Economic

Cooperation (APEC) economic growth, which was 2.83 percent.

The ASEAN Comprehensive Investment Area (ACIA) will encourage the free

flow of investment within ASEAN. The main principles of the ACIA are as follows:

All industries are to be opened up for investment, with exclusions to be phased out

according to schedules

National treatment is granted immediately to ASEAN investors with few exclusions

Elimination of investment impediments

Streamlining of investment process and procedures

Enhancing transparency

Undertaking investment facilitation measures

Full realization of the ACIA with the removal of temporary exclusion lists in

manufacturing agriculture, fisheries, forestry and mining is scheduled by 2010 for most

ASEAN members and by 2015 for the CLMV (Cambodia, Lao PDR, Burma, and

Vietnam) countries.

Trade in Services

An ASEAN Framework Agreement on Trade in Services was adopted at the

ASEAN Summit in Bangkok in December 1995. Under AFAS, ASEAN Member States

enter into successive rounds of negotiations to liberalize trade in services with the aim

of submitting increasingly higher levels of commitments. The negotiations result in

commitments that are set forth in schedules of specific commitments annexed to the

Framework Agreement. These schedules are often referred to as packages of services

commitments. At present, ASEAN has concluded seven packages of commitments

under AFAS.

Free-trade agreements with other countries

ASEAN has concluded free trade agreements with China (expecting bilateral trade

of $500 billion by 2015), Korea, Japan, Australia, New Zealand, and India. ASEAN-

India bilateral trade crossed the $ 70 billion target in 2012 (target was to reach the level

only by 2015).[citation needed] The agreement with People's Republic of China created

the ASEANChina Free Trade Area (ACFTA), which went into full effect on 1 January

2010. In addition, ASEAN is currently negotiating a free trade agreement with the

European Union. Republic of China (Taiwan) has also expressed interest in an

agreement with ASEAN but needs to overcome diplomatic objections from China.