ASEAN Page

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

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

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

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

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