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Introduction

The third volume of the AFTA Reader focuses on the decisions of the 26th ASEAN Economic Ministers (AEM) Meeting held in September 1994 in Chiang Mai, Thailand and the progress made so far in implementing them. The decisions of the Ministers last September have the effect of accelerating the realisa

New Time Frame : Acceleration of Tariff Reduction

The decision of the 26th ASEAN Economic Ministers (AEM) to accelerate the implementation of AFTA front the initial target of 2008 to the year 2003 is a clear indication of the seriousness in which ASEAN regards the achievement of a free trade area in the region. This can be seen as part of ASEAN’

Inclusion of Unprocessed Agricultural Products

The 1992 CEPT Agreement excluded unprocessed agricultural products from the CEPT Scheme. In Article 1 of the Agreement, unprocessed agricultural products are defined as:

raw materials/unprocessed products covered under Chapters 1-24 of the Harmonised System (HS), and similar agricultural raw mat

Industry Focus

The ASEAN economies have achieved consistently high economic growth rates over the past decide and a half . This has been made possible by prudent macroeconomic policies, relatively open and trade investment regimes, and access to developed country export markets. This period has seen a shift in th

Instituitional Arrangements of CEPT for AFTA

In order to supervise, coordinate and review the implementation of the CEPT Agreement, the AFTA Council was created. The Council is a Ministerial body composed of representatives from each Member Country and the Secretary-General of ASEAN. The Council will meet as and when necessary, but at least o

CEPT Product Profile

STRUCTURE OF THE CEPT PRODUCT LISTThe CEPT Product Lists is a compilation of the products which Member Countries have offered to include in the CEPT Scheme, whether in the Fast Track, Normal Track or Temporary Exclusloin Lists. Since the exchange of CEPT concessions is based on reciprocity, the, si

Qusestions and Answers on the CEPT

Q1. What are CEPT concessions?Concessions granted under the CEPT refer to the lower tariff rates or customs duties that exporters from an ASEAN Member State have to face when exporting a product to another ASEAN Member Country.

Q2. How are CEPT Concessions Exchanged ?In the CEPT these concession

Regional Business Development in ASEAN : AFTA

THE ASEAN FREE TRADE AREA (AFTA)by CHNG MENG-KNG, Former, Deputy Secretary General, ASEANThe ASEAN region has been one of the fastest growing in the world. Despite a sharp recession in the mid 1980s the ASEAN member countries have been able to grow at an average rate of 5.4%, p.a. from 1981-1991, a

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