Over the next couple of months, representatives from the Ministry of Industry and Trade (MoIT) and the Ministry of Planning and Investment are expected to work with peers from the other ASEAN member states to discuss a new version of the ASEAN Trade in Goods Agreement (ATIGA), first inked in 2009. Fresh connections reinforce trade facilitation in ASEAN, photo Le Toan The updated ATIGA will be among many measures for ASEAN to increase their trade and investment ties, amid climbs in intra-bloc trade and investment flows. "The upgrade negotiations are both timely as the region is on the road to recovery from the COVID-19 pandemic, and importantly following the entry into force of the Regional Comprehensive Economic Partnership Agreement on January 1," said a statement from the ASEAN Secretariat. Under the agreement's commitments, ASEAN member nations pledged to remove tariffs to 98.6 per cent of the total goods and products in 2021. Brunei, Indonesia, Malaysia, Philippines, Singapore, and Malaysia have eliminated 99.3 per cent of the tariffs and the remaining four (Cambodia, Laos, Myanmar, and Vietnam), 97.7 per cent. According to the MoIT, the deployment of regional economic commitments including the ATIGA has benefited many businesses in Vietnam as the… Read full this story
- Regional ministers seek ways to facilitate ASEAN trade
- Boosting economic cooperation to support recovery from COVID-19 takes priority at the first ever UK-ASEAN Economic Dialogue
- Completing Vietnam’s initiatives helps strengthen ASEAN
- Completing Việt Nam’s initiatives helps strengthen ASEAN
- Regional trade sees healthy growth despite COVID-19
- ASEAN economic ministers hold consultation with Australia, New Zealand
- ASEAN aiming for tech-led innovation to foster growth
- India, ASEAN trade ministers call for starting discussions to determine FTA review scope
- ASEAN, RoK ministers meet within framework of AEM-52
- Enhancing ASEAN cohesion to face down coming trials
Fresh connections reinforce trade facilitation in ASEAN have 289 words, post on vir.com.vn at October 14, 2022. This is cached page on CuBird. If you want remove this page, please contact us.