Asean Free Trade Agreement Ppt


In order to promote greater use of the CEPTAFTA system, substantial transformation has also been introduced as an alternative rule in the determination of the origin of CEPT products. The CEPT Rules of Origin Task Force is currently developing key processing rules for certain product sectors, including wheat flour, iron and steel and the 11 priority integration sectors under Bali Concord II. Towards trade ASEAN exports returned to their upward trend in the two years following the 1997-1998 financial crisis and peaked in 2000, when total exports were estimated at $408 billion. After falling to $366.8 billion in 2001 due to the economic slowdown in the United States and Europe and the recession in Japan, ASEAN exports rebounded in 2002 from an estimated $380.2 billion. The upward trend for ASEAN-6 continued until the first two quarters of 2003. In the first two quarters of 2003, intra-ASEAN trade increased by 4.2% and 1.6% respectively in exports and imports. [Figures 2, 3 &4] The ASEAN Free Trade Area (AFTA) [1] is a trade bloc agreement concluded by the Association of Southeast Asian Nations that supports local trade and production in all ASEAN countries and facilitates economic integration with regional and international allies. [2] [3] [4] Considered one of the most important and important free trade areas in the world, it has promoted, with its network of dialogue partners, some of the world`s largest multilateral forums and blocs, including the Asia-Pacific Economic Cooperation, the East Asia Summit and the Regional Comprehensive Economic Partnership. [5] [6] [7] [8] [9] [9] [10] ASEAN national authorities have traditionally been reluctant to share or transfer the sovereignty of other ASEAN members to the authorities of other ASEAN members (although ASEAN trade ministries regularly conduct cross-border visits to carry out on-site inspections in anti-dumping investigations).

Unlike the EU or NAFTA, joint teams to ensure compliance and investigation of violations are not widespread. . . .

Posted Saturday, September 11th, 2021 at 3:21 pm
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