Visual aids - Free Trade in ASEAN

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Academic English, homework after session 2

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Visual aids - Free Trade in ASEAN

  1. 1. Free Trade in ASEAN Is this free trade a success?
  2. 2. •1992: ASEAN became a trade bloc, called AFTA (AseanFree Trade Area)• 1995: Vietnam joined the AFTA• 1997: Laos and Myanmar joined the AFTA• 1999: Cambodia joined the AFTA
  3. 3. Aims Approach Increase ASEANs The Common Effective competitiveness as a Preferential Tariff production base (CEPT) scheme geared in the world → no common external tariff market → ASEAN-members can Attract more foreign impose a tariff rate from 0- investment to ASEAN 5%
  4. 4. Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.Source: www.aseansec.org
  5. 5.  Since there is free trade in the ASEAN-zone, the total trade has been increased Trade between ASEAN-countries has been increased AFTA is a success

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