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. Unless a product is included in the ATIGA list of 2000 products subject to specific requirements, exporters and producers have the opportunity to apply either the regional value test or the modification of the tariff classification criterion: the ASEAN Agreement on Trade in Goods was signed on 26 February 2009 and is the result of the extension and consolidation of all existing provisions of the CEPT-AFTA agreement and economic and economic agreements and RELEVANT ASEAN economic instruments. Under ATIGA, products classified as “original products” are qualified for 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. The vast majority of trade agreements contain rules of origin to prevent third parties from freeing up the sacrifices these parties have made. These rules determine who can claim the benefits of a particular agreement and under what circumstances those parties can do so. 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 to originate from ATIGA if: at present, the ASEAN Convention on Trade in Goods (ATIGA) – ASEAN`s main agreement on reducing regional tariffs – contains a number of criteria used to determine the country of origin of a product, as well as guidelines for determining whether or not certain products benefit from preferential tariff treatment.
(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.