TARIFF 02

_________________ are between many nations at one time.

Multilateral Trade Agreement

Agreement between two sides.

Bilateral Trade Agreement

Limited only to participants in a specific geographical area or region.

Regional Trade Agreement

It is the reduction of regional tariffs and contains set of criteria to determine the country of origin of a good and guidelines to determine if specific goods are eligible from preferential tariff treatment.

Trade in Goods Agreement

How many FTAs and EP agreements does the Philippine has?

12

ASEAN (ATIGA)

AANNZFTA

ACFTA

AHKFTA

AIFTA

AJCEP

AKFTA

PJEPA

PH-EFTA

RCEP

PHH-KR

PH-UAE CEPA

ASEAN was established on?

8 August 1967

Who are the Founding Fathers of ASEAN?

Indonesia, Malaysia, Philippines, Singapore and Thailand.

How many members state are there in ASEAN?

There are 11 countries.

Who is the latest country member of ASEAN?

East-Timor

ASEAN meetings are known as?

The ASEAN Summit.

How many times does the ASEAN Summit happen?

Twice a year.

What are the ASEAN Community Pillars?

Political-Security Community

Economic Community

Socio-Cultural Community

What does the ASEAN Charter provide?

Legal status and institutional framework fir ASEAN.

Who are the signatories of the AFTA?

The ASEAN 6.

Indonesia, Thailand, Singapore, Malaysia, Vietnam and Philippines.

Who are the ASEAN 3?

China, Japan, and South Korea.

It is an 8th digit nomenclature based on the HS of the WCO.

ASEAN HARMONIZED TARIFF NOMENCLATURE (AHTN)

The AHTN is administered by the ___________?

Protocol Governing the Implementation of the ASEAN Harmonized Tariff Nomenclature.

It is a subregional economic cooperation initiative launched in 1994 to accelerate development in remote and less-developed areas.

BIMP-EAGA

It is a free trade agreement to broaden and deepen the ASEAN’s engagement with Australia, China, Japan, Korea and New Zealand, signed on 15 November 2020. It also updates the coverage of the existing ASEAN+ FTAs.

RCEP

What does RCEP stands for?

Regional Comprehensive Economic Partnership

Created during the GATT Uruguay Round and entered into force on 01 January 1995.

WTO

How many members does WTO comprise as of 2026?

166 Members

When was the Philippines a member of the WTO?

01 January 1995.

It is the highest authority of the WTO structure.

Ministerial Conference

Second level of the WTO structure.

General Council

The third level of the WTO structure.

Councils for each broad area trade.

The ministerial conference meets usually every what year?

2 Years

The general council meets every what month or year(s)?

It meets regularly.

What other function does the general council has?

Acts as Dispute Settlement Body and Trade Policy Review Body.

How many councils are there on the third level of the WTO structure?

Three (3):

Council for Trade in Goods (Goods Council)

Council for Trade in Services (Services Council)

Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS Council)

It is the first multilateral trade agreement concluded.

WTO Agreement ( WTO Agreement on Trade Facilitation)

It is the 8th round of multilateral trade negotiations under GATT.

Uruguay Round ((UR)

It is the amount of imports of an agricultural product allowed to be imported into the country at a customs duty lower than the ou-quota customs duty

MAV or Minimum Access Volume. Is managed by the MAV Management Committee of the Department of Agriculture.

Is a ceiling level tariff or maximum tariff that may be applied by a member.

Tariff Binding

Refers to any measure other than a tariff which protects domestic industry. Which restricts imports but are not in the usual form of a tariff.

Non-Tariff Barriers.

Primarily used as basis for customs tariffs and for the compilation of international trade statistics.

The Harmonized System (HS)

The Philippines Instrument of Accession to the HS Convention was signed by then President Joseph Estrada in 23 September 1998.

The Harmonized System (HS)

The HS digit is up to?

6th digits.

What edition is the 2022 of the HS?

7th edition of the HS nomenclature.

Rotterdam Convention.

Hazardous Chemicals and Pesticides.

Stockholm Convention.

Organic Pollutants.

It prevents species from becoming endangered or extinct because of international trade.

The Convention on International Trade in Endangered Species of Wild Funa and Flora (CITES).

UNCTAD Preferences.

GSP (Form A).

The main mechanism of the AFTA.

The Common Effective Preferential Tariff (CEPT) Scheme.

The CEPT scheme covers all except what?

Unprocessed agriculture products.

_______ is the enhancement and consolidation of all existing provisions of the CEPT-AFTA.

ATIGA or ASEAN Trade in Goods Agreement

How many members does APEC have?

21 member economies.

The Ministers of RCEP shall meet every?

Every year thereafter unless the parties agree otherwise.

The APEC members report their progress towards achieving free and open trade and investment goals through?

Individual Action Plan; and

Collective Action Plan

A record of actions taken by of the member economies.

Individual Action Plan

Detail the collective actions of all APEC members in the issue areas outlined in the Individual Action Plan.

Collection Action Plan