ASEAN Free Trade Area

ASEAN Free Trade Area. CEPT-AFTA Milestones. 2002 100% of products in the Inclusion List (IL) tariffs between 0% and 5% 2003 60% of products in the IL have 0% duty 2007 80% of products in the IL have 0% duty

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• march
• special products
• normal track
• eu vision group
• forward draft chapter texts
• south east asian nations

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ASEAN Free Trade Area

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1. ASEAN Free Trade Area
2. CEPT-AFTA Milestones • 2002100% of products in the Inclusion List (IL) tariffs between 0% and 5% • 200360% of products in the IL have 0% duty • 200780% of products in the IL have 0% duty • 2010All products will have zero duties, except sensitive agricultural products (e.g. rice) • 2015/2018New ASEAN Members will eliminate their import duties
3. CEPT-AFTA Implementation • Substantial realization on tariff elimination • 0-5% CEPT tariff rates • 99.77% in the 0-5% tariff band for ASEAN 6 - 98.83% for RP or 5,832 tariff lines using HS 2002 • 76.86 in the 0-5% band for CLMV 0% CEPT tariff rates • 65.09% at 0% tariffs for ASEAN 6 - 59% for RP or 5,732 tariff lines using HS 2002 • The average tariff for ASEAN-6 under the CEPT is 1.74 % low from 12.76% in 1993
4. ASEAN-AUSTRALIA-NEW ZEALAND FREE TRADE AGREEMENT
5. Background • Basis:Angkor Agenda (1997 Study) • High Level Task Force (1999): double each region’s GDP to US$1trillion and bring about $48B in additional GDP to the region by 2020) • Joint Declaration signed by Heads of States ASEAN-ANZ Commemorative Summit, Nov. 2004 • Leaders’ mandate to launch AANZFTA negotiations • Guiding Principles: • Comprehensive in scope • Deep integration • Flexibilities • Consistent with WTO • Builds on WTO commitments • Negotiations to commence in early 2005 to be completed within 2 years and to be fully implemented within 10 years.
6. ASEAN: Staged Approach • ANZ: Single Undertaking • Agreed approach: Combination • Staged negotiations: • + Confidence-building measures in the form of capacity building and information exchange are built into the negotiation process • Single undertaking on the signing of the Agreement Timeline: • Start of negotiations: March 2005 • Expected finalization of negotiation: Before end-2007 Approach / Timeline
7. PROGRESS to date • To date: 8 TNC Meetings : • Past 4 TNC meetings- exploratory and confidence-building phase, capacity-building workshops • 5th TNC meeting – marked the onset of the more substantive phase of the negotiations (preliminary negotiating proposals), putting forward draft chapter texts, fundamental elements, architecture • 6th, 7th and 8th TNC meetings- tabling of concrete negotiating proposals • Liberalization modalities for Goods • Progress discussions on draft chapter texts * Succeeding TNC meetings at substantive critical stage
8. Elements of TIG Modalities: • Two-track approach – Normal and • Sensitive Track (NT and ST) • Coverage: 90% NT and 10% ST • Timeline for goods liberalization: • NT: 2008 – 2015 • ST: 2013 or 2015 up to 2018 (2020?)
9. TIG Negotiations: Status / Issues • No final agreement yet on modality • ?Commitments upon EIF • ? Tariff lines in NT/ST • ? End-dates; End-rates • ? RP and Indonesia’s requests for unique modalities • Parties hope to reach agreement before • the 9th TNC meeting • Future work: Narrow down differences on • scope, end-dates, end-rates
10. AANZTNC-TIG negotiations: Fundamental differences:
11. MODALITY for ASEAN 6
12. MODALITY for ANZ
13. MODALITY for ANZ
14. MODALITY OF TARIFF REDUCTION/ELIMINATION UNDER THE ASEAN-AUSTRALIA-NEW ZEALAND FREE TRADE AREA
15. Indicative Expression of Interest in Goods – March 2007WITHOUT PREJUDICE
16. Indicative Expression of Interest in Goods – March 2007WITHOUT PREJUDICE
17. Indicative Expression of Interest in Goods – March 2007WITHOUT PREJUDICE

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