Cept Afta Agreement

Building on the principles, concepts and ideals of the Framework Agreement for strengthening ASEAN Economic Cooperation, signed in Singapore on 28 January 1992; Traditionally, ASEAN national authorities have also been reluctant to share or cede sovereignty to the authorities of other ASEAN members (although ASEAN trade ministries regularly conduct cross-border visits to carry out on-site inspections as part of anti-dumping investigations). Unlike the EU or NAFTA, joint enforcement and enforcement teams are not widespread. Instead, ASEAN national authorities must rely on the verification and analysis of other ASEAN national authorities to determine whether AFTA measures, such as the rule of origin, are being complied with. Discrepancies may arise between national authorities. Again, the ASEAN secretariat can help resolve a dispute, but does not have the legal authority to resolve it. The ASEAN Free Trade Area (AFTA) [1] is a trade bloc agreement concluded by the Association of Southeast Asian Nations that supports local trade and production in all ASEAN countries and facilitates economic integration with regional and international allies. [2] [3] [4] Considered one of the most important and important free trade areas in the world, it has promoted, with its network of dialogue partners, some of the world`s largest multilateral forums and blocs, including the Asia-Pacific Economic Cooperation, the East Asia Summit and the Regional Comprehensive Economic Partnership. [5] [6] [7] [8] T92 [10] For a small number of sensitive agricultural products, the deadline for integration into the CEPT scheme is extended until 2010. In an agreement that has not yet been fully developed, the process of reducing tariffs for these products will begin between 2000 and 2005, apparently depending on the country and the product. Member States shall also make exceptions to their exchange restrictions with regard to payments and the reduction of such payments for CEPT products.

2. Any amendment to this Agreement shall be made by consensus and shall take effect upon its adoption by all Member States. General exceptions. A Member State may exclude a product which it considers necessary for the protection of its national security, the protection of public morals, the protection of human, animal or plant life and health, and the protection of objects of artistic, historical or archaeological value. The provision on general derogations in the CEPT Agreement is in line with Article X of the General Agreement on Tariffs and Trade (GATT). Temporary exclusions. Member States which are temporarily unwilling to include certain sensitive products in the CEPT system may temporarily exclude those products. Products on the exclusion list are not eligible for the CEPT tariff from other ASEAN member countries. The list of exclusions does not in any way concern products covered by the provision on general exceptions. The CEPT exclusion list would be reviewed in the e During the review, efforts would be made to include the products in the CEPT exclusion list and subject them to a tariff reduction schedule in order to reduce the tariffs to 0-5% in the remaining seven years.

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