It is a trade facilitation initiative that allows CEs in all ASEAN Member States to self-declare the origin for their exports under ATIGA instead of applying for a Certificate of Origin (FORM D) with the Certificate Issuing Authority in their respective State.
How do I get an Aifta certificate?
(a) The AIFTA Certificate of Origin shall be issued by the Issuing Authority of the exporting Party at the time of exportation, or within three (3) working days from the date of shipment whenever the products to be exported can be considered originating in that Party within the meaning of the AIFTA Rules of Origin.
What is the purpose of AFTA?
The objective of AFTA is to increase the ASEAN region’s competitive advantage as a production base geared for the world market. A vital step in this direction is the liberalization of trade through the elimination of tariffs and non-tariff barriers among the ASEAN members.
What is Asean wide self certification?
The ASEAN-wide Self-Certification Scheme (AWSC) is a trade facilitation initiative that allows exporters who have demonstrated their competence to comply with ATIGA rules of origin requirements, known as “certified exporters”, to self-certify the origin status for their goods to be eligible for ATIGA tariff preferences …
What do Asean and FTA stands for?
Answer: Association of South East Asian Nations. Free Trade Agreement.
What is full form of FTA?
A Free trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics.
What is atiga?
ASEAN Trade in Goods Agreement (ATIGA) aims to achieve free flow of goods in the region resulting to less trade barriers and deeper economic linkages among Member States, lower business costs, increased trade, and a larger market and economies of scale for businesses.
Why Is free trade good for the economy?
Free trade increases prosperity for Americans—and the citizens of all participating nations—by allowing consumers to buy more, better-quality products at lower costs. It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.
Who authored Nafta?
After the signing of the Canada–United States Free Trade Agreement in 1988, the administrations of U.S. president George H. W. Bush, Mexican President Carlos Salinas de Gortari, and Canadian prime minister Brian Mulroney agreed to negotiate what became NAFTA.
What is Asean single window?
The ASEAN Single Window (ASW) is a regional initiative that connects and integrates National Single Windows (NSWs) of ASEAN Member States. It is an initiative under the ASEAN Economic Blueprint (AEC), first proposed in 2005.