Agreement On The Common Effective Preferential Tariff Scheme For The Asean Free Trade Area

(c) for products with current tariffs of less than 20% or 20% on 1 January 1993, Member States adopt a tariff reduction programme and immediately indicate the timetable for tariff reductions. Two or more Member States can enter into agreements to reduce tariffs to O%-5% for certain products at an accelerated rate, which will be announced at the beginning of the programme. Although these ASEAN national customs and trade authorities coordinate with each other, disputes can arise. The ASEAN secretariat does not have the legal authority to resolve these disputes, so disputes are resolved bilaterally through informal means or dispute resolution. Home Page „Common System of Effective Preferential Tariffs for the ASEAN Free Trade Area Temporary exclusions refer to products for which tariffs are ultimately reduced to 0-5%, but which are temporarily protected by a delay in tariff reductions. This is authorized under the AFTA agreement and is defined as part of a protocol for the implementation of Cept`s temporary exclusion list. In 2000, Malaysia invoked this protocol and deferred tariff reductions for fully built cars and knock-down kits to protect its local automotive industry. CONSCIENTS to continue cooperation in the region`s economic growth by accelerating trade and investment liberalization within ASEAN, with the aim of creating the ASEAN Free Trade Area through the Common Effective Preferential Tariff System (CEPT); THE COMMISSION REAFFIRMS its commitment to accelerate the liberalization of intra-ASEAN trade by AFTA through the CEPT programme; 3) `quantitative restrictions`, bans or restrictions on trade with other Member States, whether effective through quotas, licences or other measures of equivalent effect, including administrative measures and trade-limiting requirements. ASEAN national authorities are also traditionally reluctant to share or cede sovereignty to the authorities of other ASEAN members (although ASEAN trade ministries regularly conduct cross-border visits to conduct on-site checks as part of anti-dumping investigations). Unlike the EU or NAFTA, joint teams to ensure compliance and control of violations have not been widely used. Instead, ASEAN national authorities must rely on the verification and analysis of other ASEAN national authorities to determine whether AFTA`s measures, such as the rule of origin, are being complied with. Differences of opinion may arise between national authorities. Again, the ASEAN secretariat can help resolve a dispute, but it has no right to resolve it.

2) `non-tariff barriers`, measures other than tariffs that effectively prohibit or limit the import or export of products within Member States. 2. Any amendment to this agreement is consensual and comes into force with acceptance by all Member States. VU the ASEAN Declaration signed in Bali (Indonesia) on 24 February 1976, which provides for Member States to cooperate in the field of trade with a view to promoting the development and growth of new production and trade; 2.

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