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What is Overview of ASEAN Free Trade Area about?

The ASEAN Free Trade Area (AFTA) has virtually eliminated tariffs between member countries. Tariffs have been reduced to 0-5% for over 99% of products traded between the original six members, and about 80% for the newer members. ASEAN countries have also committed to reducing non-tariff barriers and simplifying rules of origin to further promote intra-regional trade. The establishment of AFTA has supported ASEAN

Author

Clarissa Degamo

Language

EN