Mobile Menu

Afta Agreements

ensure consistency of the provisions currently provided for in the various agreements, documents, decisions of the AFTA Council and the ASEAN Economic Ministers` Meeting (MEA); and ASEAN national authorities have also always been reluctant to share or surrender their sovereignty to the authorities of other ASEAN members (although ASEAN ministries of trade regularly conduct cross-border visits to carry out on-site inspections in the context of anti-dumping investigations). Unlike the EU or NAFTA, joint compliance and non-compliance investigation teams are not widespread. Instead, ASEAN national authorities must rely on the review and analysis of other ASEAN national authorities to determine whether AFTA measures such as rules of origin are being followed. There may be disagreements between national authorities. Again, the ASEAN Secretariat can help resolve a dispute, but does not have the legal authority to resolve it. How do you use the benefits of AFTA for the benefit of your procurement and supplier management? The search for a world-class supply is crucial. All 4th generation procurement companies that want seamless access to centralized information on a global scale should now take advantage of automation. Automating supplier performance and information management is critical to lasting relationships between buyers and suppliers. The integration of a 360-degree tool to measure supplier performance with built-in collaboration and risk mitigation capabilities is on the agenda. Centralized integration and management of vendor information for clean, consistent, and compliant data is helpful. 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 covers all ten ASEAN countries. The four latecomers had to sign the AFTA agreement to join ASEAN, but had longer delays in meeting AFTA`s tariff reduction commitments. AtF-JCC aims to strengthen cooperation to promote efficient trade between AMS through trade facilitation reforms or measures to reduce trade transaction costs and improve competitiveness. Efforts to close the development gap and expand trade among ASEAN members are key points in the political debate. According to a research report published in 2008 by the World Bank as part of its Project on Trade Costs and Facilitation[11], ASEAN members have the potential to reap significant benefits by investing in further trade facilitation reforms as a result of the comprehensive tariff reform already implemented under the ASEAN Free Trade Agreement. proven operators authorised to apply simplified procedures; and The demand is to make the most of it while the sun is shining. As a smart trading organization operating in ASEAN countries, you should make the most of the regulations relaxed by AFTA. We know that South Asian consumers are very demanding and that brand loyalty is very difficult to cultivate. Any form of complacency in the production part due to poor supply or disrupted relationships can lead to massive losses.

Whether you are a domestic company (if you export from an ASEAN country to a non-ASEAN country) or a multinational, you must adhere to global quality standardization. So, get and manage better to quickly evolve as a global leader from an AFTA-regulated region. ATIGA expands the CEPT program with new initiatives such as: ARISE supports ASEAN with the new mechanism called ASSIST. It is an intuitive, web-based RFX management tool that enables data-driven procurement events. If you already have an existing ERP, you can opt for standalone enhancements, but since integration is often an issue, it`s still recommended to get a complete source-to-pay suite with advanced features – configurable, easy to use, and programmable to host scalable provisioning events for simple and complex categories. This makes it possible to control the quality in all productions of Asian countries compared to Europe and other well-developed countries. Indonesia, Malaysia, Singapore and Thailand have joined the live implementation of the ASW system. consolidated and streamlined rights and obligations; Trade facilitation is one of the most important policy measures to support the free movement of goods with a view to creating a single market and a production base, when Heads of State or Government agreed on the first FAC in 2015 and 2007.

Under the ECA Master Plan 2009-2015, trade facilitation aimed to simplify, harmonize and standardize trade and customs, processes and procedures that enhance export competitiveness and facilitate ASEAN`s integration into a domestic market for goods, services and investment, as well as a single production base. ASEAN will continue to give high priority to trade facilitation initiatives, and this is fully enshrined in the ACS Master Plan 2025. The Trade Facilitation Initiative paves the way for various work, including efforts to develop a comprehensive trade facilitation action plan, and welcomed other ongoing efforts to improve trade facilitation through various initiatives, including the ASEAN Self-Certification Scheme, the establishment of the ASEAN Trade Repository, the ASEAN Single Window, the ASEAN Solutions for Investment, Services and Trade, and the ASEAN Customs Transit System. These initiatives summarized ASEAN`s efforts to improve transparency and access to information on the regulatory environment of individual ASEAN member States and to significantly facilitate business operations in the region. .

Posted in Uncategorized