ASEAN Integration

[dulasnom]

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This is a good step, in a way new markets will open up and opportunities to grow will be more readily available. Ang kanang 0 tarrif naa naman certain products ana, pro wala gyapon ta eskapo sa 12% vat... Nya ang customs ra ba ang mu singil ana...

nindot jud ni nga move sa ASEAN bro. i think mag-start ni at the end of this year and shall be fully implemented by 2020.

with regards sa 12% vat, nagpas-an jud ang mga consumers ani both sa local ug imported products.

[Fern]

i think its ok to be economically integrated as long as SAME TA UG CURRENCY like for example "Asean Dollar"

Taxing foreign Goods is a way to control the devaluation of our our currency and to prevent vacuum the credit value of our money... please feel free to correct me


Having an "Asean Currency" will enable our country to gain some sort of credit share of the "if naay ASEAN wealth" if there is to be an ASEAN integrated Economy.


again .... to all economics grads.. please feel free to correct me.

[Passport]

Gays here in RP will have 50% discounts when getting a $ex change in Thailand.

nag inquire na diay ka ani boss?

[rickflag]

i think its ok to be economically integrated as long as SAME TA UG CURRENCY like for example "Asean Dollar"

Taxing foreign Goods is a way to control the devaluation of our our currency and to prevent vacuum the credit value of our money... please feel free to correct me


Having an "Asean Currency" will enable our country to gain some sort of credit share of the "if naay ASEAN wealth" if there is to be an ASEAN integrated Economy.


again .... to all economics grads.. please feel free to correct me.

Bro murag kulbaan ko ana ug same tag currency kay we are one of the lowest exchange rate in ASEAN countries. Basin ma parehas nya ta sa Greece in their Euro currency. Pero uyon ko kung naa na tay ASEAN passport nga all of us can go to any ASEAN nations and possibly work there too with more ease than now.

[M.A.D.]

No no no. The reason there was an EU was more political rather than economic. They do not have the same advantage as that of the US Dollar. The US dollar is much more flexible since they are just under one political entity(being the US) and at the same time being a single economic entity.

In the case of the EU you have a single political entity but in reality an economic entity of many sorts. Just imagine the complexity of satisfying the whims of creditors EU member states(germany) with that of debtor member states(Greece, etc).

It is not only reckless but dangerous.

A common agreement among ASEAN nations is better but no single currency.

i think its ok to be economically integrated as long as SAME TA UG CURRENCY like for example "Asean Dollar"

Taxing foreign Goods is a way to control the devaluation of our our currency and to prevent vacuum the credit value of our money... please feel free to correct me


Having an "Asean Currency" will enable our country to gain some sort of credit share of the "if naay ASEAN wealth" if there is to be an ASEAN integrated Economy.


again .... to all economics grads.. please feel free to correct me.

[bleedingboi]

nag inquire na diay ka ani boss?

Pa booking pa. #lovewins

[30121895]

mao ni gtawag nilag open market?,.nah paksit mga small businesses nato ngari ana like anang 7 eleven oh taka lng tukod luoy na kayo mga sari2 store mao mga naninda ky nibalik nlng silag hingut.anay...

LOl.. dili mana small businesses ang 7 eleven boss... hehe.. billion dollar company manang 7 eleven ^_^

[dulasnom]

No no no. The reason there was an EU was more political rather than economic. They do not have the same advantage as that of the US Dollar. The US dollar is much more flexible since they are just under one political entity(being the US) and at the same time being a single economic entity.

In the case of the EU you have a single political entity but in reality an economic entity of many sorts. Just imagine the complexity of satisfying the whims of creditors EU member states(germany) with that of debtor member states(Greece, etc).

It is not only reckless but dangerous.

A common agreement among ASEAN nations is better but no single currency.

a common currency is not included in the ASEAN integration.
however, if the integration will go on smoothly, there is a big possibility of creating a common currency.

notably, there are disadvantages of having a single currency.
however, having a single currency also has so many advantages as observed with the euro.
these links below would be a good reference :

Why the euro? - European Commission
Benefits of the Euro | Economics Help
The Euro: Advantages and Disadvantages Of A Single Currency | Currency Solutions

[firestarter]

China... .... ...

[M.A.D.]

Too risky. Euro was threatened back in 2012, now there's another one. A shared monetary policy is just too rigid and it is usually too late to act when things go south.

Well if you want wealthier ASEAN members to prop up our economy then yes. But it is obvious our wealthier neighbors know our shenanigans they would rather opt not too.

Also if there was a common currency that would mean we would have to balance importing/exporting our inflation since there would be greater demand for the common currency overseas compared to domestic requirements. What this means is that the more money we export the less valuable it becomes.

a common currency is not included in the ASEAN integration.
however, if the integration will go on smoothly, there is a big possibility of creating a common currency.

notably, there are disadvantages of having a single currency.
however, having a single currency also has so many advantages as observed with the euro.
these links below would be a good reference :

Why the euro? - European Commission
Benefits of the Euro | Economics Help
The Euro: Advantages and Disadvantages Of A Single Currency | Currency Solutions