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First protocol amending ASEAN Trade in Goods Agreement approved

The Government has issued a resolution approving the first protocol that amends the ASEAN Trade in Goods Agreement (ATIGA).

Illustrative photo (Source: VNA)


Hanoi (VNA) – The Government has issued aresolution approving the first protocol that amends the ASEAN Trade in GoodsAgreement (ATIGA).

The protocol was signed on January 22, 2019.

The Ministry of Industry and Trade is in charge ofimplementing the protocol in collaboration with the Ministry of Finance andother relevant ministries and agencies. Their work aims to support the businesscommunity in capitalising on opportunities, rights and interests brought aboutby the document.

The Ministry of Foreign Affairs is assigned to completeprocedures for related external work before August 1.

ATIGA came into effect on May 17, 2010. The agreement targetsthe elimination of tariffs to foster trade among Southeast Asian nations, supportsjoint efforts to handle non-tariff barriers, and promotes customs cooperation insidethe bloc.

According to the pact, ASEAN member states offer each otherincentives that are equal or higher than those applied for ASEAN’s partners infree trade agreements signed by the bloc./.
VNA
#ASEAN Trade in Goods Agreement #ATIGA #ASEAN #ASEAN member states #tariff elimination #non-tariff barriers #customs cooperation #Vietnam News Agency #vietnamplus
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