[eBook]Services Liberalization in ASEAN: Foreign Direct Investment in Logistics (FDI Liberalization in Malaysia's Logistics Services)

The services sector plays an important role in ASEAN economies as it accounts for about half of the regions GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sectors contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization.