EENI Global Business School

ASEAN Free-Trade Area, Import Duties, Singapore


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Syllabus of the Subject

Tariff liberalization, ASEAN Markets. Customs. Cambodia, Laos, Myanmar, Vietnam

  1. Introduction to the ASEAN Free-Trade Area (AFTA)
  2. Free Trade Agreement of the ASEAN Free Trade Area (AFTA)
    1. Tariff Liberalization
    2. Import Duties and Tariff Rate Quotas Elimination
    3. ASEAN Rules of origin
    4. Calculation of the Regional Value Content
    5. Non-tariff Measures
    6. Import Licensing Procedures
    7. Trade Facilitation
    8. Standards, technical regulations and conformity assessment procedures
    9. Sanitary and Phytosanitary Measures
  3. ASEAN Single Window
  4. ASEAN Customs;
    1. Customs Valuation
  5. Emergency situation

Asia Masters, Doctorate (Global Business, Foreign Trade)

The Subject “ASEAN Free-Trade Area” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Languages: Masters, Doctorate, International Business, English or Study Master Doctorate in International Business in Spanish ASEAN Study Doctorate in International Business in French Zone de libre-échange de l’ASEAN Masters Foreign Trade in Portuguese ASEAN.

African Students (Masters, Courses, Foreign Trade, Business)

Masters adapted to the ASEAN Students: Brunei, Masters, International Business Trade Brunei, Cambodia, Masters, International Business Trade Cambodia, Indonesia, Masters, International Business Trade Indonesia, Laos Online Master / Doctorate in International Business, Foreign Trade Laos, Malaysia Online Students, Master / Doctorate Malaysia, Myanmar Online Master / Doctorate in International Business, Foreign Trade Myanmar, Philippines, Masters, International Business Trade Philippines, Singapore, Masters, International Business Trade Singapore, Thailand, Masters, International Business Trade Thailand, and Vietnam, Masters, International Business Trade Vietnam.

Foreign Trade and Business in Southeast Asia (ASEAN)

ASEAN Free-Trade Area (AFTA)

The objective of the ASEAN Free-Trade Area is to reach free trade in products in the ASEAN Region to create a single market and production base for a deeper economic integration of the ASEAN economies towards the ASEAN Economic Community achievement by 2015.

The Agreement on Common Effective Preferential Tariff Scheme for the ASEAN Free-Trade Area needs that the tariff rates levied on a huge range of foreign trade of products within the ASEAN Region be reduced to 5%.

Most of the ASEAN region is a free-trade area. Accounting for 96% of all the international trade of the Association of Southeast Asian Nations, the first six signatories of the Common Effective Preferential Tariff Scheme for the ASEAN Free-Trade Area (AFTA) have reduced their custom tariffs on the intra-regional trade to 5% for all the export products to the “Inclusion list” or removed them in total.

Market Access - Trade Agreements

Sample - ASEAN Free-Trade Area (AFTA)
Association of Southeast Asian Nations (ASEAN) Free-Trade Area

The member economies of the ASEAN should eliminate the import duties on all the export products traded between them by 2010 for the ASEAN-6 and by 2015, with flexibility to 2018, for CLMV (Cambodia, Laos, Myanmar and Vietnam.).

  1. ASEAN-6: Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand
  2. CLMV: Cambodia, Laos, Myanmar, and Vietnam

For ASEAN-6, by 1 January 2009 (Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand).

  1. Import duties of at least 80% tariff lines are eliminated
  2. Import duties on all the ICT products, as defined in the e-ASEAN Framework Agreement, are removed
  3. Import duties on all the Priority Integration Sectors products are at 0%
  4. Import duties on all the goods are equal to or less than 5%

For Laos, Myanmar, and Vietnam, import duties on all the products are equal to or less than 5% by 2009.

For Cambodia, import duties of at least 80% of the tariff lines are equal to or less than 5% by 2009.

  1. ASEAN Economic Community
  2. FDI in the ASEAN Countries
  3. ASEAN Trade Agreements: ASEAN Free-Trade Area (AFTA), Indonesia-Malaysia-Thailand Growth Triangle, Mekong Economic Cooperation Strategy, East ASEAN Growth Area, China, Canada, Australia-New Zealand, India, the EU, South Korea, Russia, the U.S., Pakistan, Japan..

(c) EENI Global Business School (1995-2024)
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