2. •1992: ASEAN became a trade bloc, called AFTA (Asean
Free Trade Area)
• 1995: Vietnam joined the AFTA
• 1997: Laos and Myanmar joined the AFTA
• 1999: Cambodia joined the AFTA
3. Aims Approach
Increase ASEAN's The Common Effective
competitiveness as a Preferential Tariff
production base (CEPT) scheme
geared in the world → no common external tariff
market → ASEAN-members can
Attract more foreign impose a tariff rate from 0-
investment to ASEAN 5%
9. Since there is free trade in the ASEAN-zone,
the total trade has been increased
Trade between ASEAN-countries has been
increased
AFTA is a success