A postscript to AFTA's false start: the loss of sovereignty issue

Article Abstract:

In order to rectify the defects of ASEAN Free Trade Area (AFTA), there is a need to amend the Agreement's provision on the unilateral and highly discretionary way of determining products to be exempted from AFTA's coverage. An independent body which has the right to determine the compliance of a member state with regards to legal obligations in good faith must also be created. The ASEAN countries' dislike for an independent adjudicatory body could be avoided by removing the binding character of the body's decisions.

Analysis, Economic aspects, Sovereignty, Foreign trade zones

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ASEAN roundtable: 25 years of ASEAN AFTA: the way ahead Singapore, 3-5 September 1992

Article Abstract:

The ASEAN (Assn of Southeast Asian Nations) Free Trade Area (AFTA) was established in the organization's 4th summit in Jan 1992 in Singapore. AFTA was created following the progress within ASEAN and the development of international economic and political relations. The progress of local industrialization in member countries has boosted intra-ASEAN trade. Rules of Origin and Content, Rules of Competition and Tariff Reduction and the role of the private sector are among the topics prepared for discussion by the AFTA.

Free trade

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Meeting on the fourth ASEAN heads of investment agencies Singapore, 24 July 1998 joint press statement

Article Abstract:

Several topics were discussed by the Assn of Southeast Asian Nations (ASEAN) Heads of Investment Agencies during the Jul 24, 1998 meeting in Singapore. These include the need for regional cooperation and direct investment in light of the regional economic crisis, agreement on the ASEAN investment area, the need for foreign direct investment for economic recovery and the progress of various investment cooperation programs.

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