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Asian free trade area afta

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Vietnam joined in , Laos and Myanmar in and Cambodia in Temporary exclusions; 2. Sensitive agricultural products; 3. General exceptions. Sensitive agricultural products include commodities such as rice. General exceptions refer to products which an ASEAN member deems necessary for the protection of national security, public morals, the protection of human, animal or plant life and health, and protection of articles of artistic, historic, or archaeological value.
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ASEAN’s Free Trade Agreements: An Overview

Asian free trade area afta
Asian free trade area afta
Asian free trade area afta
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ASEAN Free Trade Area (AFTA) | International Trade

Vietnam joined in , Laos and Myanmar in and Cambodia in Temporary exclusions 2. Sensitive agricultural products 3. General exceptions.
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Progress Toward an East Asia Free Trade Area

The initial framework agreement was signed on 8 October in Bali , Indonesia. Acknowledging this trend and recognising the economic potential of closer linkages, both sides recognised the opportunities for deepening trade and investment ties, and agreed to negotiate a framework agreement to pave the way for the establishment of an ASEAN—India Free Trade Area FTA. Tariffs on over 4, product lines will be eliminated by , at the earliest. As previously stated, the two regions aim to reduce their tariffs on a majority of their traded goods.
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A free trade agreement is a treaty or agreement signed by nations to encourage and facilitate global trade by reducing trade barriers. Goods and services can be exported and imported with minimal or no tariffs, subsidies, quotas or prohibitions under a free trade policy, thereby helping nations trade competitively. Trade agreements fall into three categories — unilateral, bilateral, and multilateral. It benefits that one country only.
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