Asian free trade association
The ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The AFTA agreement was signed on 28 January in Singapore. When the AFTA agreement was originally signed, ASEAN had six members, namely.
Understanding ASEAN’s Free Trade Agreements - ASEAN Business News
The ASEAN Free Trade Area (AFTA) has now been virtually established. ASEAN Member Countries have made significant progress in the lowering of intra-regional tariffs through the Common Effective Preferential Tariff (CEPT) Scheme for AFTA.
ASEAN Member Countries have also resolved to.
Description:The rights and obligations of a Contracting State which has withdrawn from this Agreement shall cease to apply as of that effective date. Details of this agreement may be found here. All such requests should be notified to the Committee of Experts, through the SAARC Secretariat with an indication of the legal basis for the complaint. The Committee of Experts may request a specialist from a Contracting State not party to the dispute selected from a panel of specialists to be established by the Committee within one year from the date of entry into force of the Agreement for peer review of the matter referred to it. Malaysian producers' expansion to Indonesia will further lift their productivity. If no satisfactory adjustment is effected between the Contracting States concerned within 30 days of the beginning of such consultations, to be extended by another 30 days through mutual consent, the matter may be referred to the Committee of Experts. Software technology solutions are transforming the ability of companies to manage and track the multiple factors and various data required to take advantage of Asian FTAs.