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HIGHLIGHTS OF THE ASEAN COMPREHENSIVE INVESTMENT AGREEMENT ACIA

2. Mandate of 10TH AIA Council / 39thAEM. To revise and merge the AIA and IGA Agreements into a comprehensive ASEAN investment agreement (ACIA).To draft ACIA taking into account:Main objectives:to create a free and open investment regime to achieve economic integrationThe Guiding Principle

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HIGHLIGHTS OF THE ASEAN COMPREHENSIVE INVESTMENT AGREEMENT ACIA

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    1. 1 HIGHLIGHTS OF THE ASEAN COMPREHENSIVE INVESTMENT AGREEMENT (ACIA) 26 August 2008

    2. 2 Mandate of 10TH AIA Council / 39thAEM To revise and merge the AIA and IGA Agreements into a comprehensive ASEAN investment agreement (ACIA). To draft ACIA taking into account: Main objectives: to create a free and open investment regime to achieve economic integration The Guiding Principles approved by AIA Council/AEM The need to enhance ACIA based on international best practices To complete and present final draft of ACIA to the next meeting of the AIA Council/AEM.

    3. 3 Structure of ACIA A more comprehensive Agreement: Covering 4 pillars i.e. liberalisation, protection, facilitation and promotion Inclusion of additional provisions Improvement of existing provisions A total of 49 Articles, 2 Annexes, and 1 Schedule (reservation list of Member States)

    4. 4 Contents of ACIA - An Assessment - ACIA is in line with the Objectives and Guiding Principles endorsed by the Ministers. ACIA is more comprehensive than the AIA and ASEAN IGA. ACIA has taken into account international best practices: US Model Investment Text NAFTA OECD Guidelines for Multinational Enterprises Draft ASEAN FTAs (Investment) with China, Korea, Australia/New Zealand UNCTAD’s assessment on international investment agreements

    5. 5 Contents of ACIA - An Assessment - ACIA vs Guiding Principles

    6. 6 ACIA vs Guiding Principles

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