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ASEAN Trade in Goods Agreement (ATIGA)

ASEAN Trade in Goods Agreement (ATIGA). 25 September 2008. ATIGA - Objective. Set out all necessary measures and commitments to enable ASEAN to achieve free flow of goods Thus creating a single market and production base by 2015 as one of the key pillars of the ASEAN Economic Community.

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ASEAN Trade in Goods Agreement (ATIGA)

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  1. ASEAN Trade in Goods Agreement (ATIGA) 25 September 2008

  2. ATIGA - Objective • Set out all necessary measures and commitments to enable ASEAN to achieve free flow of goods • Thus creating a single market and production base by 2015 as one of the key pillars of the ASEAN Economic Community

  3. ATIGA - Rationale • Developed in an effort to consolidate all existing initiatives relevant to the movement of goods into one comprehensive document • Preserved the existing principles and commitments related to trade in goods under existing initiatives and related Agreements/Protocols.

  4. ATIGA – Features and Value-Add • Comprehensive coverage • Consolidated and streamlined rights and obligations • Most-favoured nation treatment • Full tariff reduction schedules • Streamlined and unified provisions on modification of concessions and trade remedies • Non-tariff measures • Trade facilitation and related chapters • Trade repository

  5. ATIGA – Features and Value-Add • Issuance of Legal Enactments • ATIGA provides for the issuance of a single legal enactment for the whole tariff reduction schedule • No later than 90 days for ASEAN 6 and 6 months after entry into force for CLMV • Would have retroactive effect from 1 January of the year of entry into force • In case where single legal enactment cannot be issued, legal enactment would be issued 3 months before tariff reduction takes into effect

  6. ATIGA – Current Status • Draft text substantially concluded/legally scrubbed • Considered and endorsed by the 22nd AFTA Council, 26 August 2008 • Signing by 14th ASEAN Summit, December 2008

  7. ATIGA – Pending Commitments • 2010 CEPT Package • Tariffs of remaining 20% of products in the Inclusion List to be eliminated • Except products contained in the Protocol on the Special Arrangement for Sensitive/Highly Sensitive Products

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