The ASEAN Trade in Goods Agreement (ATIGA) is a regional free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN). The agreement came into force on 17 May 2010, replacing the ASEAN Free Trade Area (AFTA) agreement that was signed in 1992.
ATIGA aims to create a liberalized and competitive regional market, promoting the movement of goods within ASEAN member states. It is designed to remove trade barriers such as tariffs, non-tariff barriers, and other restrictive measures, and to enhance economic cooperation among member countries.
One of the main objectives of ATIGA is to eliminate tariff barriers among ASEAN countries. Under the agreement, ASEAN countries have agreed to reduce and eliminate tariffs on goods traded among themselves. This is expected to increase trade within the region and to promote the growth of local industries.
ATIGA also includes provisions for the protection of intellectual property rights and the promotion of sustainable development. It aims to create a level playing field for businesses operating within ASEAN member states and to promote the development of small and medium-sized enterprises (SMEs).
The agreement is expected to have a significant impact on trade in the region, with the potential to create new business opportunities and to boost economic growth. It is also expected to increase competition among local industries, which could lead to lower prices and better quality products for consumers.
To ensure the effective implementation of ATIGA, ASEAN member states have established a number of committees and working groups to oversee its implementation. These include the Committee on Customs Procedures and Trade Facilitation, the Committee on Technical Barriers to Trade, and the Committee on Standards and Conformance.
In conclusion, the ASEAN Trade in Goods Agreement (ATIGA) is a regional free trade agreement that aims to promote the movement of goods within ASEAN member states. The agreement is designed to remove trade barriers and to enhance economic cooperation among member countries. It is expected to have a significant impact on trade in the region, creating new business opportunities and boosting economic growth.