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OVERVIEW OF REGIONAL TRADE AGREEMENTS 1 TARIFFS AND THE AEC 2015 1.

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Presentation on theme: "OVERVIEW OF REGIONAL TRADE AGREEMENTS 1 TARIFFS AND THE AEC 2015 1."— Presentation transcript:

1 OVERVIEW OF REGIONAL TRADE AGREEMENTS 1 TARIFFS AND THE AEC

2 2 DATEMILESTONES 08 August 1967, Bangkok, Thailand ASEAN was established with the signing of the ASEAN Declaration (Bangkok Declaration) by Indonesia, Malaysia, the Philippines, Singapore and Thailand – the Founding Fathers of ASEAN 4 th ASEAN Summit in Singapore in 1992 ASEAN Heads of Government formally agreed to establish the ASEAN Free Trade Area (AFTA) Common Effective Preferential Tariff (CEPT) Main mechanism for the realization of AFTA; Nucleus of ASEAN integration ASEAN Trade in Goods Agreement (ATIGA) Signed on 26 February 2009 at Cha-am, Thailand, and entered into force on 17 May 2010; Improvement over the current AFTA-CEPT Scheme Association of Southeast Asian Nations (ASEAN)

3 Consolidates, streamlines all CEPT-AFTA provisions Provides the full tariff reduction schedule of each Member State; making it transparent and predictable for business community Free Flow of Goods Elimination of NTBs Trade Facilitation Measures 3 KEY ELEMENTS OF ATIGA

4 4 DATEMILESTONES December 1997, Kuala Lumpur, Malaysia ASEAN Leaders agreed on a shared vision (ASEAN 2020) of outward looking, living in peace, stability and prosperity, bonded together in partnership in dynamic development and in a community of caring societies 9 th ASEAN Summit, October 2003, Bali, Indonesia ASEAN Leaders resolved that an ASEAN Community shall be established 12 th ASEAN Summit, January 2007, Cebu, Philippines Leaders affirmed their strong commitment to accelerate the establishment of an ASEAN Community by 2015 with the signing of the Cebu Declaration on the Acceleration of the Establishment of an ASEAN Community by 2015 ASEAN Community

5 5 ASEAN Economic Community 2015 KEY CHARACTERISTICS OF THE AEC a single market and production base a highly competitive economic region a region of equitable economic development a region fully integrated into the global economy

6 6 On Free Flow of Goods: Elimination of all import duties by the 10 ASEAN Member- Countries ASEAN – 60% 2007 – 80% 2010 – 100% Viet Nam 2006 – 60% 2010 – 80% 2015 – 100% with flexibility up to 2018 Laos and Myanmar 2008 – 60% 2012 – 80% 2015 – 100% with flexibility up to 2018 Cambodia 2010 – 60% 2015 – 100% with flexibility up to 2018 ASEAN Economic Community 2015

7 7 Status of Philippine Tariff Commitments under ATIGA Products Category No. of 2012 AHTN Lines Share to TotalProducts Covered Inclusion List: With zero tariff9, %All except those listed below With 5% tariff740.75%Maize, Cassava, Sweet Potato, Live/Meat of Poultry, Live/Meat of Swine Special Consideration for Rice and Sugar %Rice: %, %; Sugar: %, %, % Exclusion List260.26%Arms and ammunition Total9, %

8 8 Philippine Tariff Commitments under FTAs by Rates of Duty Percentage Share (%) ACFTAAKFTAAANZFTAAIFTAAJCEPA Timeframe UP HSL GE/EL TOTAL100.00

9 9 FTAImplementing EOs TIG Agreement Signed Entry Into Force ATIGA (AFTA-CEPT ) Feb May 2010 (retroactive 01 Jan. 2010) ACFTA485, 487, 613, 618, 814, 71, Nov AKFTA638, 639, 812, 73,74 24 Aug Jan PJEPA767, Sept AJCEPA85214 April 2008July 2010 AANZFTA85119 Feb Jan AIFTA2513 Aug May 2011 EXISTING FTAs IN THE PHILIPPINES

10 Government Sector Complete the tariff reduction schedule to 05% for IL products CLMV countries Elimination of NonTariff Barriers Continuous reform, enhance and simplify CEPT ROO and its operational procedures Customs integration ensure customs development; operationalize ASEAN Single Window 10 WAY FORWARD

11 SMEs Ensure that Trade Officials are fully aware of the sectoral interests and concerns Provide inputs in the consultations conducted by various government agencies Take advantage of all the institutional and informal channels to pro-actively participate in decision- making process 11 WAY FORWARD

12 SMEs Have a good understanding of the opportunities offered, as well as the changes brought about by the FTAs Familiarity with the FTA provisions of relevance to your sector 12 WAY FORWARD

13 13 TARIFF COMMISSION 5 th Floor Philippine Heart Center, East Avenue, Diliman, Quezon City Tel. (+632) Fax (+632) Website: TARIFF COMMISSION 5 th Floor Philippine Heart Center, East Avenue, Diliman, Quezon City Tel. (+632) Fax (+632) Website:

14 14 THANK YOU !!!


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