SESSION 03 FREE TRADE AREAS AND ECONOMIC PARTNERSHIPS ASEAN, ASEAN+, PJEPA, PH-EFTA

is a negotiated arrangement to reduce trade barriers and increase trade of goods and services between participating countries

An FTA Agreement

s an economic arrangement between Parties to eliminate barriers to the free movement of goods, services and investments

EP Agreement

WHAT ARE THE MAJOR COMPONENTS OF AN FTA AND EP AGREEMENT?

Trade in Goods
Trade in Services
Investments
Other Areas of Cooperation

ASEAN holds meetings, known as the ASEAN Summit, where heads of government of each Member State meet to discuss and resolve regional issues, as well as to conduct other meetings with other countries outside of the region with the intention of promoting external relations

ASEAN SUMMIT

THE ASEAN COMMUNITY THREE PILLARS

. ASEAN Political-Security Community
ASEAN Economic Community
ASEAN Socio-Cultural Community

The ASEAN Charter serves as a foundation in achieving the ASEAN Economic Community by providing legal status and institutional framework for ASEAN

THE ASEAN CHARTER

is a recognized driver of economic development and regional integration playing a key role with respect to the realization of the goal of establishing ASEAN as a single market and production base

Trade Facilitation

It is the main mechanism for the realization of AFTA

CEPT

It will transform ASEAN into a single market and production base fully integrated into the global economy;

The ASEAN ECONOMIC COMMUNITY BLUEPRINT 2025

Is a recognized driver of economic development and regional integration playing a key role with respect to the realization of the goal of establishing ASEAN as a single market and production base

Trade Facilitation

AISP is implemented based on products proposed by the ________ countries

CLMV

__________is the enhancement and consolidation of all existing provisions of the CEPT-AFTA Scheme and relevant ASEAN economic agreements and instruments

ATIGA

It was signed on 26 February 2009 at Cha-am, Thailand, and entered into force on 17 May 2010

ATIGA

It is an 8-digit commodity nomenclature based on the HS of the WCO

AHTN

The AANZFTA Agreement was signed at Cha-am, Phetchaburi, Thailand on 27 February 2009 and entered into force on 01 January 2010

AANZFTA

Under what agreement thatThere were 2 programs of tariff reduction: Normal Track (AANZ tariff to 0% by yr. 2015) and Sensitive track

AANZFTA

However, the AIFTA does cover the services sector and its encompassing industries such as engineering and information technology (IT) - in which India's strength lies TRUE or FALSE

FALSE, does not cover

The ________ Framework Agreement was signed at Kuala Lumpur, Malaysia on 13 December 2005 and came into force on 01 July 2006;

AKFTA

The _______ is an economic partnership agreement concerning bilateral investment and free trade agreement between Japan and the Philippines signed at Helsinki, Finland on 09 September 2006 and ratified 08 October 2008 pursuant to Senate Resolution No. 131;

PJEPA

The ________ is the first bilateral free trade agreement of the Philippines

PJEPA

A bilateral agreement signed in Bern, Switzerland on 28 April 2016 between the Philippines and EFTA comprising of Iceland, Liechtenstein, Norway and Switzerland

PH-EFTA

Established in 1997, _______________ is a development of East Asian regional cooperation which serves as a forum that functions as a coordinator of cooperation between the ASEAN and China, Japan, and South Korea;

ASEAN Plus Three (APT)

It is a free trade agreement to broaden and deepen ASEAN's engagement with Australia, China, Japan, Korea and New Zealand, signed on 15 November 2020

RCEP