Asean Trade In Goods Agreement (Atiga)
- Posted on April 8, 2021
- in Uncategorized
- by admin
The introduction of the AEC and the increasing harmonisation of regional standards do not allow us to estimate the importance of regional supply chains. Ongoing progress towards regional integration is expected to continue, further reduce trade barriers and reduce the impact of compliance on businesses across the region. While ASEAN`s outlook is optimistic, success will ultimately depend on the ability of market participants to understand and seize the opportunities offered by agreements such as the ASEAN trade agreement. Dezan Shira Associates employs qualified professionals with long experience in entering the market and starting businesses and is uniquely positioned to help companies maximize their business and grow throughout the region. Within ATIGA, the concept of accumulation applies to the rules of origin of the agreement. (ii) if all non-original prefabricated materials used in the manufacture of products have undergone a change in the four-digit tariff classification (HS head) – see introduction for more information. The ATIGA guidelines use the Harmonized System (SH) of the Tariff Classification as a means of clarifying product differences and setting standards that certain products must meet. Under the SH system, products are subdivided into: unless a product is included in the ATIGA list of 2000 products with specific requirements, exporters and producers have the opportunity to apply either the regional value test or the modification of the tariff classification criterion: in the vast majority of trade agreements, rules of origin are introduced to prevent third parties from exempting victims from these agreements. These rules determine who can claim the benefits of a particular agreement and under what circumstances those parties can do so. Under ATIGA, products are considered to originate from the Member State in which the goods were processed or processed. This is determined by compliance with at least one of the following conditions: under ATIGA, products classified as “original products” are allowed to benefit from tariff reductions.
(i) whether the goods have a regional value of at least 40% – determined by one of the two methods described in the infographic below. Currently, the ASEAN Merchandise Trade Agreement (ATIGA) – ASEAN`s main agreement on reducing regional tariffs – contains a number of criteria used to determine the country of origin of a commodity, as well as guidelines for determining whether certain products receive preferential tariff treatment. The de minimis principle allows products that do not have original products and are unable to meet their relevant changes to tariff classification requirements to receive preferential tariff treatment under specific conditions. Some products may be considered as products originating from ATIGA if: previous article “RCEP negotiations reach a critical phase – Probably at the end of the year, Myanmar is planning economic zones at the Chinese border” Given the considerable reduction in tariffs between ASEAN members and the constant harmonisation of regulation by the ASEAN Economic Community , regionally-focused value chains have increased significantly in terms of profitability. For those considering such investments, it is important to understand not only negotiated tariff reduction plans, but also the conditions under which exports and imports can benefit from reduced rates. In the Export Member State, the article is deemed to be fully preserved or manufactured: Editor`s Note: This article was first published on 7 March 2016 and will be updated on 2 October 2018, in line with the latest developments.