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Free Trade in ASEAN
 Is   this free trade a success?
•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
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%
Visual aids - Free Trade in ASEAN
Visual aids - Free Trade in ASEAN
Visual aids - Free Trade in ASEAN
Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.
Source: www.aseansec.org
Visual aids - Free Trade in ASEAN
   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

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Visual aids - Free Trade in ASEAN

  • 1. Free Trade in ASEAN  Is this free trade a success?
  • 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%
  • 7. Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Source: www.aseansec.org
  • 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