Asean Preferential Trading Agreement 1977
ARTICLE 4Plan of tariff reduction1 . Member States agree on the following timetable for effective tariff reductions: IN ANREGUNG, which the Agreement on Preferential Trade Agreements (EPA), signed in Manila on 24 February 1977, provides for the adoption of various trade liberalisation instruments on a preferential basis; CONVAINCUS that preferential trade agreements between ASEAN Member States will serve as an incentive to strengthen national states and the five. “AEP” refers to ASEAN preferential trade agreements established in the agreement signed in Manila on 24 February 1977 and in the protocol on improving the extension of tariff preferences under the ASEAN Preferential Trade Agreements (ALAT) signed in Manila on 15 December 1987. 1. `CEPT`, the common effective preferential tariff and it is an agreed effective tariff, which applies in preference to products from ASEAN member states that have been set in accordance with the provisions of Article 2, paragraphs 5 and 3, to be included in the CEPT system. ASEAN`s economic resilience and the development of Member States` economies through expanded investment and production opportunities, trade and foreign exchange earnings; 3) `quantitative restrictions`, bans or restrictions on trade with other Member States, whether effective through quotas, licences or other measures of equivalent effect, including administrative measures and trade-limiting requirements. 2) `non-tariff barriers`, measures other than tariffs that effectively prohibit or limit the import or export of products within Member States. 1992 Framework Agreement to improve ASEAN economic cooperation, Member States are considering other measures in the border and non-cross-border areas of cooperation to complement and complement trade liberalization. These include harmonization of standards, mutual recognition of testing and product certification, removal of barriers to foreign investment, macroeconomic consultations, fair competition rules and the promotion of venture capital. ARTICLE 2 General provisions1.
All Member States participate in the CEPT programme. 4. A product is considered to be from ASEAN Member States if at least 40% of its content comes from a Member State. ARTICLE 7 Inter-institutional agreements1. For the purposes of this agreement, ASEAN Economic Ministers are establishing a Ministerial Council consisting of one candidate from each Member State and the Secretary General of the ASEAN Secretariat. The ASEAN secretariat assists the Council at the ministerial level in monitoring, coordinating and verifying the implementation of this agreement, as well as assisting the MEA on all related issues.