April 8, 2021 Uncategorized 0

Currently, the ASEAN Merchandise Trade Agreement (ATIGA) – ASEAN`s main agreement on reducing regional tariffs – contains a number of criteria used to determine the country of origin of a commodity, as well as guidelines for determining whether certain products receive preferential tariff treatment. The introduction of the AEC and the increasing harmonisation of regional standards do not allow us to estimate the importance of regional supply chains. Ongoing progress towards regional integration is expected to continue, further reduce trade barriers and reduce the impact of compliance on businesses across the region. While ASEAN`s outlook is optimistic, success will ultimately depend on the ability of market participants to understand and seize the opportunities offered by agreements such as the ASEAN trade agreement. Dezan Shira Associates employs qualified professionals with long experience in entering the market and starting businesses and is uniquely positioned to help companies maximize their business and grow throughout the region. The vast majority of trade agreements contain rules of origin to prevent third parties from freeing up the sacrifices these parties have made. These rules determine who can claim the benefits of a particular agreement and under what circumstances those parties can do so. The ASEAN Goods Trade Agreement was signed on 26 February 2009 and is the result of the improvement and consolidation of all existing provisions of the CEPT-AFTA agreement and the relevant ASEAN economic agreements and instruments. Within ATIGA, the concept of accumulation applies to the rules of origin of the agreement. The reduction and abolition of import duties takes place on 1 January each year. (ii) if all non-original prefabricated materials used in the manufacture of products have undergone a change in the four-digit tariff classification (HS head) – see introduction for more information. The ATIGA guidelines use the Harmonized System (SH) of the Tariff Classification as a means of clarifying product differences and setting standards that certain products must meet.

Under the HS system, products are subdivided into: unless otherwise required, ASEAN Member States (AMS) will eliminate import tariffs on all intermediate products traded between AMS until (a) 2010 for ASEAN-6 (Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand) and (b) in 2015 flexibly until 2018 for CLMV (Cambodia, Laos, Myanmar and Vietnam). Under ATIGA, products classified as “original products” are qualified for tariff reductions. Next Article Myanmar plans economic zones on the Chinese border “At the 4th ASEAN Summit in January 1992, ASEAN heads of government agreed to create an ASEAN Free Trade Area (AFTA) by 2008 to open up their economies in the context of globalization. The main mechanism for implementing the AFTA was the Common Preferential Tariff System (CEPT). The CEPT-AFTA agreement was signed in Singapore on 28 January 1992. The de minimis principle allows products that do not have original products and are unable to meet their relevant changes to tariff classification requirements to receive preferential tariff treatment under specific conditions. Some products may be considered to originate from ATIGA when: under ATIGA, the products are considered to originate from the Member State in which the goods were processed or processed. This is determined by fulfilling at least one of the following conditions: Previous article “RCEP negotiations reach a critical phase – It is likely that the end of the year will be colored The Association of Southeast Asian Nations (ASEAN) consists of 10 Member States, namely Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, the Philippines Singapore, Thailand and Vietnam. To the extent that a product is not included in the ATIGA list of 2000 products subject to specific requirements,