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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

Cover

October 3rd, 2012

Harmonisation of Tariff Nomenclature, Customs Valuation and Procedures

Tariff nomenclature, customs valuation and procedures can be classified as ‘non-border’ areas of cooperation. These are an essential part of any free trade arrangement being part of the technical, administrative and regulatory aspects of trade. Their harmonisation would contribute to the smooth

AFTA and National AFTA Units

The 26th ASEAN Economic Ministers Meeting had agreed to establish an AFTA Unit in the ASEAN Secretariat and National AFTA Units in respective Member Governments. This is to create the necessary institutional infrastructure to support the implementation of the CEPT Scheme for AFTA. The primary objec

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