Asean Trade In Goods Agreement Countries

This new analysis proposes to examine two key areas: port facilities and competitiveness in the internet services sector. According to the report, reforms in these areas could increase ASEAN trade by 7.5 percent ($22 billion) and 5.7 percent ($17 billion). In contrast, a reduction in tariffs in all ASEAN members on the regional average in Southeast Asia would increase intraregional trade by about 2% ($6.3 billion). [12] The AFTA agreement was signed in Singapore on 28 January 1992. When the AFTA agreement was originally signed, ASEAN had six members, namely Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. Vietnam joined in 1995, Laos and Myanmar in 1997 and Cambodia in 1999. AFTA now includes the ten ASEAN countries. The four latecomers had to sign the AFTA agreement to join ASEAN, but were given longer deadlines to meet AFTA`s tariff reduction obligations. Efforts to close the development gap and expand trade among ASEAN members are key elements of the political debate. According to a 2008 research letter published by the World Bank as part of its trade costs and facilitation[11], ASEAN members have the potential to reap significant benefits from investments in further trade facilitation reform as a result of the comprehensive tariff reform already implemented by the ASEAN Free Trade Agreement. An international treaty entitled: Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), adopted on 27 A free trade area between ASEAN countries, Australia and New Zealand was signed in Cha-am, Phetchaburi, Thailand on 2 February 2009.

[13] The general exceptions apply to products that an ASEAN Member considers necessary for the protection of national security, public morals, the protection of human, animal or plant life and health, and the protection of objects of artistic, historical or archaeological value. ASEAN members agreed to adopt zero tariffs by 2010 for the original signatories on virtually all imports and for cmLV countries by 2015. Currently, the ASEAN Trade in Goods Agreement (ATIGA) – ASEAN`s main agreement on regional tariff reduction – contains a number of criteria for determining the country of origin of a product and guidelines for determining whether certain products benefit from preferential tariff treatment. Unlike the EU, AFTA does not apply common external customs duties to imported goods. Any ASEAN member may, on the basis of its domestic calendars, impose tariffs on goods imported from outside ASEAN. However, for products originating in ASEAN, ASEAN members must apply a duty rate of 0-5% (the young members of Cambodia, Laos, Myanmar and Vietnam, also known as cmLVs, have been granted additional time to implement the reduced rates). This is called the common effective Preferential Tariff (CEPT). Within ATIGA, the concept of cumulation is applied to the rules of origin of the agreement. Traditionally, ASEAN national authorities have also been reluctant to share or cede sovereignty to the authorities of other ASEAN members (although ASEAN trade ministries regularly conduct cross-border visits to carry out on-site inspections as part of anti-dumping investigations). Unlike the EU or NAFTA, joint enforcement and enforcement teams are not widespread. Instead, ASEAN national authorities must rely on the verification and analysis of other ASEAN national authorities to determine whether AFTA measures, such as the rule of origin, are being complied with.

Discrepancies may arise between national authorities. Again, the ASEAN secretariat can help resolve a dispute, but does not have the legal authority to resolve it. The CEPT applies only to products originating in ASEAN. The general rule is that ASEAN local content must represent at least 40% of the FOB value of the case. The local content of ASEAN can be cumulative, i.e. the value of inputs from different ASEAN members can be combined to meet the 40% requirement . . .