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Monday 25 October
International Congress & Convention Association
The fast paced development ofthe Asian economies
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>> The fast paced development
of the Asian economies>>
By: Mr. Akapol SorasuchartThe President
Asian Association Convention and Visitor Bureaus (AACVB) andThailand Convention and Exhibition Bureau (TCEB)
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The fast paced development ofthe Asian economies
ASEAN Economic Community 2015(AEC)
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Population: 560 million
Area: 4.5 million sq.km.
GDP: US$ 1,100 billion
Trade: US$ 1,400 billion
Year 2015, ASEAN CommunityStrategy “One Vision, OneIdentity, One Community”
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Asian Economic Community 2015(AEC)
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Source: Department of Trade Negotiations, Ministry of Commerce, Thailand
ASEAN10: Population 583 Millions (9% of World population)GDP 1,275 Billions US$ (2% of World GDP)
EAFTA(ASEAN + 3): Population 2,068 Millions (31% of World population)GDP 9,901 Billions US$ (18% of World GDP)
CEPEA(ASEAN + 6): Population 3,284 Millions (50% of World population)GDP 12,250 Billions US$ (22% of World GDP)
ASEAN+3 & ASEAN+6
• Strategic Location – the Greater Mekong Subregion
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GREATER MEKONG SUBREGION ENHANCING
CONNECTIVITY, COMPETITIVENESS AND COMMUNITY
Source: Asian Development Bank: ADB
GMS Cooperation in Tourism
• Promote multi-country tourism through jointmarketing
• Upgrade skills of tourism leaders and trainers
• Manage natural and cultural resources forconservation and tourism
• Identify and address impediments to travel toand within the subregion
• Develop tourism infrastructure to ensure widerdistribution of tourism benefits
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Source: Asian Development Bank: ADB
GMS Cooperation in TradeFacilitation
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Strategic Framework for Actionon Trade Facilitation andInvestment
Trade logistics Customs Inspection, quarantine,
and sanitary/phytosanitary Business mobility
Tourism Trend Year 2011, growth rate of tourism isexpected to increase due to global economicrecovery and passenger traffic expansion
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-5
+0
+5
+10
2009 2010 2011
% growth of scheduled passengertraffic on airlines
360,000,000
370,000,000
380,000,000
390,000,000
400,000,000
410,000,000
420,000,000
430,000,000
2008-2010 2011 2012
Tourism Forecasts for Passenger to Asia and Pacific Region
RegionReal GDP Growth(%) 2011/2010
Europe + 1.9
Asia + 7.0
Middle East & NorthAfrica + 4.8
Sub-Sahara Africa + 5.9
Central America + 3.7
South America & Mexico +4.0
Carribean + 4.3Source: Centre for Asia Pacific Aviation &ICAO,Dec 2009
Source: PATA Tourism Forecasts 2010 - 2012
Source: IMF, April 2010
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Emerging AsiaGDP growth for many Asian economies is forecasted to be about 7% inYear 2010-2011.Emerging Markets could account for half the global market cap in 20years.
East Asia and the Pacific are forecasted torecord growth at rates of 6.5% yearcompared to the world average of 4.1%
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Focus Priorities –Asian MICE Perspectives
1. Development of a new Asian mindset
2. Connecting with the New Customer
3. The economic Value of business events
4. Next Generation Business Events
Professionals
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