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Questions and Answers on the CEPT

1. The CEPT Scheme: Basic FeaturesQ1. What are the objectives of AFTA?The ultimate objective of AFIA is to increase ASEAN’s competitive edge as a production base geared for the world market. A critical step in this direction is the liberalization of trade in the region through the elimination of

Foreword

This first issue of the AFTA Reader, a specialized quarterly publication of the ASEAN Secretariat on AFTA, marks a significant step in our joumey towards a free trade area by the year 2008. This publication will be our main vehicle for providing interested parties with updates on AFTA.Since the sta

The Making of the ASEANWEB

The origin of the ASEANWEB goes as far back as the First Meeting of the Policy Exchange Mechanism (PEM) of the ASEAN Economic Ministers held in Chiangmai, Thailand on 25 September 1994.At the PEM, the Ministers felt it was important that exchange of information take place to facilitate trade and in

Introduction

This Fourth Volume of’ the AFTA Reader focuses on the latest decisions on the CEPT Scheme for AFTA announced at the Fifth ASEAN Summit in December 1995 in Bangkok, Thailand. The Summit endorsed Member Countries’ revised ten-year tariff reduction schedules and announced various trade facilitatio

Inclusion of Unprocessed Agricultural Products

The 1992 CEPT Agreement had excluded unprocessed agricultural products from the CEPT Scheme. However, the 26th ASEAN Economic Ministers (AEM) Meeting in September 1994 decided to phase in unprocessed agricultural products into the CEPT Scheme.Categories of Unprocessed Agricultural ProductsUnprocess

Elimination of Other Non-Tariff Barriers

As tariffs on intra-ASEAN trade are reduced under the CEPT Scheme for AFTA, attention is shifting towards the elimination of non-tariff barriers. The CEPT Agreement its elf calls for elimination of NTBs within a period of five years after the enjoyment of concessions applicable to CEPT products.The

Vietnam in ASEAN : Toward Cooperation for Mutual Benefits

Vietnam became A full member of ASEAN on 28 July 1995. With Vietnam’s Membership, ASEAN now represents a market of about 420 million people and a regional Gross Domestic Product (GDP) of over US $ 500 billion. ASEAN is also now a step closer toward having all ten Southeast Asian Countries in ASEA

Acceleration of AFTA

In 1992 when ASEAN launched the CEPT Agreement for the ASEAN Free Trade Area, the time frame from achieving the free trade region was set at 15 years, i.e. from 1 January 1993 to 1 January 2008. However, in September 1994, the ASEAN Economic Ministers (AEM) agreed to reduce to reduce the time frame

The AFTA – CER Linkage

One of the recent paradoxes in the world economy is the surge in the number of regional trade arrangements at the same time that there has been a renewal of faith in multilateralism. Thus while asserting the primacy of the principle of non-discrimination in trade relations, the global community has

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