ASEAN has continuously evinced its commitment to keep its market open. In 2009, amidst the worst global economic crisis since the Great Depression, ASEAN signed the ASEAN Trade in Goods Agreement (ATIGA) to further its commitment to an open and integrated regional economy. The ATIGA consolidates and streamlines all the provisions in the Common Effective Preferential Tariff Scheme for the ASEAN
Free Trade Agreement (CEPT-AFTA). It promotes trade in the region by reducing barriers to intra-ASEAN trade through tariff reduction, redefining rules of origin, standardising customs and clearance process, and reducing/eliminating non-tariff barriers.
Continue reading the article here: ASEAN for Business Bulletin – July 2022