ASEAN Trade in Goods Agreement (ATIGA) ASEAN Framework Agreement on Services (AFAS) ASEAN Comprehensive Investment Agreement (ACIA) … ASEAN Mutual Recognition Arrangement on Services (MRAs)
What is Asean Framework Agreement on Services?
The ASEAN Framework Agreement on Services (AFAS) is
to work towards free flow of trade in services within the region
. It aims to substantially eliminate restrictions to trade in services among ASEAN countries in order to improve the efficiency and competitiveness of ASEAN services suppliers.
What are the different Asean agreements entered by Asean member states?
- ASEAN Declaration, Bangkok, 8 August 1967.
- Zone of Peace, Freedom and Neutrality Declaration, Kuala Lumpur, 27 November 1971.
- Declaration of ASEAN Concord, Bali, 24 February 1976.
- Treaty of Amity and Cooperation in Southeast Asia, Bali, 24 February 1976.
What is Asean Comprehensive Investment Agreement?
The ASEAN Comprehensive Investment Agreement (ACIA) came into effect on 29 March 2012 to
support a free, open, transparent and integrated investment regime in
the Association of Southeast Asian Nations (ASEAN) region in line with the goal of achieving an ASEAN Economic Community by 2015.
What is FTA and what are the benefits for Asean?
International businesses can benefit from ASEAN’s FTA network in the form of
reduced importer costs
, improved custom clearances, and increased access to products eligible for preferential treatment. Moreover, there are numerous tax and fiscal benefits such as tax holidays and deductions.
What is the motto of ASEAN?
The Association of Southeast Asian Nations, or ASEAN, was established in 1967 in Bangkok, Thailand. Today, the organizaton has ten Member StatesThe motto of the ASEAN is “
One Vision, One Identity, One Community”
.
What is the function of ASEAN?
The ASEAN Declaration states that the aims and purposes of the Association are: (1)
to accelerate economic growth, social progress and cultural development in the region
and (2) to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the …
What is Asean comprehensive recovery framework?
The Framework envisions not only a more resilient, better equipped region with
stronger health care systems
, including, very importantly a focus on mental health but also thriving societies and economies able to ride on the upcoming digitalisation and artificial intelligence’ waves while “advancing towards a more …
What is Asean integration of Asean economic Community?
The AEC is the realisation of the region’s end goal of economic integration. It envisions ASEAN as a single market and production base, a highly competitive region, with equitable economic development, and
fully integrated into the global economy
.
What are the objectives of ASEAN PTA?
In the declaration, the first objective of ASEAN is
to accelerate economic growth together with social progress and cultural development
. The third objective includes the promotion of active collaboration and mutual assistance on matters of mutual interest in economic matters, among others.
What is the main purpose for the Asean Trade in goods Agreement?
ASEAN Trade in Goods Agreement (ATIGA) aims
to achieve free flow of goods in the region resulting to less trade barriers and deeper economic linkages among Member States
, lower business costs, increased trade, and a larger market and economies of scale for businesses.
What is the benefit of FTA?
Free trade agreements don’t just reduce and eliminate tariffs, they also help address behind-the-border barriers that would otherwise impede the flow of goods and services;
encourage investment
; and improve the rules affecting such issues as intellectual property, e-commerce and government procurement.
What does ASEAN mean?
The
Association of Southeast Asian Nations
, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand.
What is meant by ASEAN way?
ASEAN way is a form of interaction that is
informal, non-confrontationist and cooperative
. The objectives: (i) To accelerate economic growth and through that ‘social progress and cultural development.’ (ii) To promote regional peace and stability based on the rule of law and the principles of UN charter.
What are the 3 pillars of ASEAN?
shall be established comprising three pillars, namely
political and security cooperation, economic cooperation, and socio-cultural cooperation
…”
What to you is the most important ASEAN pillar and why?
The three pillars of the ASEAN Community, namely the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC) and
the ASEAN Socio-Cultural Community (ASCC)
, are the most crucial areas deemed necessary for the progress and evolution of ASEAN and its peoples.
