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TARIFFS AND THE AEC 2015

TARIFFS AND THE AEC 2015. OVERVIEW OF REGIONAL TRADE AGREEMENTS. 1. Association of Southeast Asian Nations ( ASEAN). KEY ELEMENTS OF ATIGA. Consolidates, streamlines all CEPT-AFTA provisions

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TARIFFS AND THE AEC 2015

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  1. TARIFFS ANDTHEAEC 2015 OVERVIEW OF REGIONAL TRADE AGREEMENTS 1

  2. Association of Southeast Asian Nations (ASEAN)

  3. KEY ELEMENTS OF ATIGA • Consolidates, streamlines all CEPT-AFTA provisions • Provides the full tariff reduction schedule of each Member State; making it transparent and predictable for business community • Free Flow of Goods • Elimination of NTBs • Trade Facilitation Measures

  4. ASEAN Community

  5. ASEAN Economic Community 2015 KEY CHARACTERISTICS OF THE AEC • a single market and production base • a highly competitive economic region • a region of equitable economic development • a region fully integrated into the global economy

  6. ASEAN Economic Community 2015 On Free Flow of Goods: • Elimination of all import duties by the 10 ASEAN Member-Countries  ASEAN 6 2003 – 60% 2007 – 80% 2010 – 100%  Viet Nam 2006 – 60% 2010 – 80% 2015 – 100% with flexibility up to 2018 Laos and Myanmar 2008 – 60% 2012 – 80% 2015 – 100% with flexibility up to 2018 Cambodia 2010 – 60% 2015 – 100% with flexibility up to 2018

  7. Status of Philippine Tariff Commitments under ATIGA

  8. Philippine Tariff Commitments under FTAs by 2015

  9. EXISTING FTAs IN THE PHILIPPINES 9

  10. WAY FORWARD • Government Sector • Complete the tariff reduction schedule to 0‐5% for IL products CLMV countries • Elimination of Non‐Tariff Barriers • Continuous reform, enhance and simplify CEPT ROO and its operational procedures • Customs integration ‐ ensure customs development; operationalize ASEAN Single Window

  11. WAY FORWARD • SMEs • Ensure that Trade Officials are fully aware of the sectoral interests and concerns • Provide inputs in the consultations conducted by various government agencies • Take advantage of all the institutional and informal channels to pro-actively participate in decision-making process

  12. WAY FORWARD • SMEs • Have a good understanding of the opportunities offered, as well as the changes brought about by the FTAs • Familiarity with the FTA provisions of relevance to your sector

  13. TARIFF COMMISSION 5th Floor Philippine Heart Center, East Avenue, Diliman, Quezon City Tel. (+632) 926-8731 Fax (+632) 921-7960 Website: www.tariffcommission.gov.ph Email : info@tariffcommission.gov.ph

  14. THANK YOU !!!

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