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Asean Free Trade Agreement Template

(vi) the product remains under the customs control of the intermediate party, including its free trade areas and customs territories. The product must not be marketed or consumed within the intermediate part; Efforts to close the development gap and expand trade among ASEAN members are key elements of the political debate. According to a 2008 research letter published by the World Bank as part of its trade costs and facilitation[11], ASEAN members have the potential to reap significant benefits from investments in further trade facilitation reform as a result of the comprehensive tariff reform already implemented by the ASEAN Free Trade Agreement. (a) measures for the preservation of products in good condition during transport and storage (z.B. drying, freezing, preservation in brine, aeration, display, refrigeration, salting, sulphur dioxide or other aquifer solutions, removal of damaged parts and other similar operations; Although these ASEAN national customs and trade authorities coordinate with each other, disputes may arise. The ASEAN Secretariat has no legal authority to settle these disputes, so disputes are settled bilaterally through informal means or through dispute settlement. 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. (ii) the products have not been marketed or consumed there; and 5.DESCRIPTION OF GOODS: the description of the goods must be sufficiently detailed so that the goods can be identified by the customs officers examining them.

Name of the manufacturer, each brand must also be indicated. `FOB` means the value of free boarding determined in the manner defined in paragraph 1 of Annex I; The AFTA agreement was signed in Singapore on 28 January 1992. When the AFTA agreement was originally signed, ASEAN had six members, namely Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. Vietnam joined ASEAN in 1995, Laos and Myanmar in 1997 and Cambodia in 1999. .