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Monday 25 October

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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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THANK YOU