ASEAN China

Information about ASEAN China

Published on October 10, 2007

Author: Mentor

Source: authorstream.com

Content

ASEAN-China Free Trade Area:  ASEAN-China Free Trade Area 05 October 2006 Bureau of International Trade Relations Department of Trade and Industry Presentation Outline:  Presentation Outline Background Framework Agreement Early Harvest Programme (EHP) EO 485 Agreement on Trade in Goods Tariff Reduction Modality Normal Track EO 487 Sensitive Track Application of Reciprocity ASEAN-China Summit 2002:  ASEAN-China Summit 2002 Signed the Framework Agreement on Comprehensive Economic Cooperation Between the Association of South East Asian Nations and the People’s Republic of China Shall serve as the fulcrum for establishing the free trade area (FTA) by year 2010 for ASEAN-6 and year 2015 for the Cambodia, Lao PDR, Myanmar and Vietnam, with flexibility on sensitive sectors and commodities Early Harvest Programme (EHP):  Early Harvest Programme (EHP) Provides for tariff elimination on a list of agreed products, particularly unprocessed agriculture products in Chapters 01 – 08, prior to the establishment of ACFTA Implementation began on 1 January 2004 for ASEAN (except Philippines) and China Philippines’ Executive Order No. 485 was issued on 29 December 2005 to implement EHP Executive Order No. 485 (EHP): Who will Benefit?:  Executive Order No. 485 (EHP): Who will Benefit? Applicable Rate of Duty: 0% Annex A – All ASEAN Member Countries and China 318 unprocessed agriculture products Exports of same products shall enjoy reciprocal rate of 0% Annex B – China 8 processed products Exports of same products shall enjoy reciprocal rate of 0% Agreement on Trade in Goods:  Agreement on Trade in Goods Signed in 2004 by the ASEAN Economic Ministers and China’s Minister of Commerce Implementation began on 1 July 2005 for ASEAN (Brunei Darussalam, Indonesia, Myanmar, Malaysia, Singapore, and Thailand) and China Covers substantial reduction or elimination of tariffs and other barriers to establish the ASEAN-China Free Trade Area (ACFTA) by 2010, under the following tracks: Normal Track – 2005-2010, with flexibility up to 2012 Sensitive Track – 2012 up to 2018 Normal Track: ASEAN-6 & China Tariff Reduction Modality:  Normal Track: ASEAN-6 & China Tariff Reduction Modality Sensitive Track: Tariff Reduction/Elimination Modality:  Sensitive Track: Tariff Reduction/Elimination Modality ASEAN-6 and China Two tracks : Sensitive (SL) and highly sensitive items (HSL) Initial target : For SL, tariffs will be reduced to 20% in 2012 : For HSL, no commitment in 2012 Ending rate : 0-5% (SL) : 50% (HSL) Ending date : 2018 (SL) : 2015 (HSL) Comparative Tariff Reduction/Elimination Modality:  Comparative Tariff Reduction/Elimination Modality Executive Order No. 487: Coverage:  Executive Order No. 487: Coverage Philippines’ legal enactment to implement Normal Track commitments, which was issued on 12 January 2006 Covers the first tranche of tariff reduction schedule (i.e. 2005 – 2008) Products whose tariff rates are at x ≥ 20 and therefore reduced to 20% Products whose tariff rates are at 5 < x < 10 and therefore reduced to 5% For other products which are not included in EO 487, the applicable rate of duty is the current applied MFN rate Executive Order No. 487: Who will Benefit?:  Executive Order No. 487: Who will Benefit? A product can enjoy preferential tariff rate if: It is placed under the Normal Track of both the importing and exporting countries; and At least 40% of the local content complies with the rules of origin under the ASEAN-China Free Trade Area Sensitive products whose tariff rates have been reduced to 10% or below How can Sensitive Products Enjoy Preferential Tariff Rates?:  How can Sensitive Products Enjoy Preferential Tariff Rates? Applicable Rate of Duty of such Sensitive Product has been reduced to 10% or below Applicable Tariff Rate: - NT rate or EHP rate of the importing Party for the same product; or - Tariff rate of the exporting Party, provided that this is lower than the importing Party’s MFN rate * Nothing in the paragraph prevents the importing Party from granting to the exporting Party the Normal Track or Early Harvest Programme rate even if such rate is lower than the exporting Party’s tariff rate. Reciprocal Tariff Rate Arrangement:  Reciprocal Tariff Rate Arrangement [1] For Thailand and Viet Nam, paragraph 6(iii) of the TIG Agreement (i.e. “The importing Party can, on its discretion, apply its NT or EHP tariff rate even if such rate is lower than the tariff rate of the exporting Parties.”), shall apply. Notes: EHP – Early Harvest Programme NT – Normal Track ST – Sensitive Track (covers both Sensitive & Highly Sensitive Lists) Contact Address:  Contact Address Bureau of International Trade Relations Department of Trade and Industry 4/F Department of Trade and Industry - International Bldg. 375 Sen. G. Puyat Avenue Makati City Tel. No. 897 – 8289 / 897-8292 / 897 – 8290 Fax. No. 890-5149 Slide15:  Thank You!

Related presentations


Other presentations created by Mentor

Johari Window
30. 10. 2007
0 views

Johari Window

ConsolServiceCorp
28. 04. 2008
0 views

ConsolServiceCorp

astwood
22. 04. 2008
0 views

astwood

Eco24 16
17. 04. 2008
0 views

Eco24 16

wipo smes uln 07 www 89155
16. 04. 2008
0 views

wipo smes uln 07 www 89155

taiex ghymers rijen2006 ppt
14. 04. 2008
0 views

taiex ghymers rijen2006 ppt

e future
13. 04. 2008
0 views

e future

sapir 12 2007
10. 04. 2008
0 views

sapir 12 2007

cbm47 441
09. 04. 2008
0 views

cbm47 441

Ocean
07. 04. 2008
0 views

Ocean

Closing Plenary PERUGIA
30. 03. 2008
0 views

Closing Plenary PERUGIA

The Ming and Qing Dynasties
25. 03. 2008
0 views

The Ming and Qing Dynasties

fables and morals
14. 09. 2007
0 views

fables and morals

Temperate Woodland
14. 09. 2007
0 views

Temperate Woodland

OB IDDRI 200104
12. 10. 2007
0 views

OB IDDRI 200104

NacTem2007XuUszkoreit
15. 10. 2007
0 views

NacTem2007XuUszkoreit

Leduff course 1
16. 10. 2007
0 views

Leduff course 1

WIM
16. 10. 2007
0 views

WIM

Shakespeare Presentation
19. 10. 2007
0 views

Shakespeare Presentation

Puska
07. 09. 2007
0 views

Puska

Mystery Animal
14. 09. 2007
0 views

Mystery Animal

CREATION to EVOLUTION
14. 09. 2007
0 views

CREATION to EVOLUTION

nw pall care bad news
29. 09. 2007
0 views

nw pall care bad news

SUPPLY LCS MDS
22. 10. 2007
0 views

SUPPLY LCS MDS

PRESENTACION GTI Malaga
24. 10. 2007
0 views

PRESENTACION GTI Malaga

ethics health disparities
29. 10. 2007
0 views

ethics health disparities

halt
23. 10. 2007
0 views

halt

BTL Fuels
16. 11. 2007
0 views

BTL Fuels

2005 CeladrinLecture
17. 11. 2007
0 views

2005 CeladrinLecture

newsletters
05. 10. 2007
0 views

newsletters

Moscow Presentation
23. 11. 2007
0 views

Moscow Presentation

6 338 Progress Presentation
28. 12. 2007
0 views

6 338 Progress Presentation

6 01 T P Analog Systems
03. 01. 2008
0 views

6 01 T P Analog Systems

Prepare Yourself
04. 10. 2007
0 views

Prepare Yourself

idruspresentation
07. 01. 2008
0 views

idruspresentation

8p
24. 10. 2007
0 views

8p

stewart
08. 10. 2007
0 views

stewart

lizhitang
11. 10. 2007
0 views

lizhitang

Inter scholastic Sports
09. 07. 2007
0 views

Inter scholastic Sports

High School Athletics
09. 07. 2007
0 views

High School Athletics

4479
09. 07. 2007
0 views

4479

42 sp101
09. 07. 2007
0 views

42 sp101

2005 Flag Football Clinic
09. 07. 2007
0 views

2005 Flag Football Clinic

lec TC strain gauge
16. 02. 2008
0 views

lec TC strain gauge

SNAP Propulsion
07. 11. 2007
0 views

SNAP Propulsion

Legend Powerpoint
28. 02. 2008
0 views

Legend Powerpoint

lect10
14. 09. 2007
0 views

lect10

bec
15. 10. 2007
0 views

bec

APS NW Poster
12. 03. 2008
0 views

APS NW Poster

UofWfAC06
10. 03. 2008
0 views

UofWfAC06

DrFlock
09. 07. 2007
0 views

DrFlock

health sports
09. 07. 2007
0 views

health sports

ASTR 2006 Presentation Template
29. 10. 2007
0 views

ASTR 2006 Presentation Template

4 DSM Design Guide
02. 01. 2008
0 views

4 DSM Design Guide

LiuhtoBaltic04
26. 10. 2007
0 views

LiuhtoBaltic04

STKU5 Larson
19. 06. 2007
0 views

STKU5 Larson

standard email
19. 06. 2007
0 views

standard email

Software Versions
19. 06. 2007
0 views

Software Versions

SDT Tech Briefing06 01 07
19. 06. 2007
0 views

SDT Tech Briefing06 01 07

SDT Tech Briefing
19. 06. 2007
0 views

SDT Tech Briefing

refresh cycle07
19. 06. 2007
0 views

refresh cycle07

Q2 FY07 Slides
19. 06. 2007
0 views

Q2 FY07 Slides

Q1 FY07 Slides
19. 06. 2007
0 views

Q1 FY07 Slides

psj 0 6 yukai e
19. 06. 2007
0 views

psj 0 6 yukai e

psj 06 schoenfeld e
19. 06. 2007
0 views

psj 06 schoenfeld e

PRI050 WH06
19. 06. 2007
0 views

PRI050 WH06

portal
19. 06. 2007
0 views

portal

usc csci 530 f06 l13
19. 06. 2007
0 views

usc csci 530 f06 l13

BOSC Markel
14. 09. 2007
0 views

BOSC Markel

PresentationBA avril06
23. 10. 2007
0 views

PresentationBA avril06

volvo 09
29. 02. 2008
0 views

volvo 09

qz qc mrt ridership
26. 03. 2008
0 views

qz qc mrt ridership

3a 3 Hellsten
14. 09. 2007
0 views

3a 3 Hellsten

1 IARU DoAST Presentation
09. 07. 2007
0 views

1 IARU DoAST Presentation

sicily03
19. 06. 2007
0 views

sicily03

norway
14. 12. 2007
0 views

norway

1999KC os tri
09. 07. 2007
0 views

1999KC os tri

Virgo Sigrav2004 SF
15. 11. 2007
0 views

Virgo Sigrav2004 SF

RICyT Innocom
25. 10. 2007
0 views

RICyT Innocom

Telekomunikacja Polska 1
14. 09. 2007
0 views

Telekomunikacja Polska 1

sas06 das
19. 06. 2007
0 views

sas06 das

parallel session 1
07. 09. 2007
0 views

parallel session 1

Kestrel PI Presentation
30. 10. 2007
0 views

Kestrel PI Presentation

Ch10rev 06
19. 02. 2008
0 views

Ch10rev 06

DemoStudents2005
03. 10. 2007
0 views

DemoStudents2005

interiorscapeplants2
07. 12. 2007
0 views

interiorscapeplants2

PRS328 Schechter
19. 06. 2007
0 views

PRS328 Schechter

tpa 6040a4 overview
19. 06. 2007
0 views

tpa 6040a4 overview

2006 AHM Dissemination Update
17. 10. 2007
0 views

2006 AHM Dissemination Update

Bhat
21. 11. 2007
0 views

Bhat

Aho ealta2006
07. 09. 2007
0 views

Aho ealta2006

Fairness
14. 09. 2007
0 views

Fairness

Ch22
15. 11. 2007
0 views

Ch22

Ready Boost
19. 06. 2007
0 views

Ready Boost

05 asphalt institute
26. 02. 2008
0 views

05 asphalt institute

LightGina
20. 03. 2008
0 views

LightGina

Working Water Conaway
28. 12. 2007
0 views

Working Water Conaway

HERDING101Presentati on
19. 11. 2007
0 views

HERDING101Presentati on

currentshow
02. 11. 2007
0 views

currentshow

flowes class4
11. 12. 2007
0 views

flowes class4