1. AFTA was established in 1992 by the ASEAN countries to create a free trade area and reduce tariffs.
2. Implementation of AFTA involved gradually reducing tariffs on ASEAN imports from 1993 to 2015 through the Common Effective Preferential Tariff (CEPT) agreement.
3. The goals of AFTA were to accelerate economic growth among ASEAN countries and strengthen economic ties within the region through tariff reductions and increased trade.
1. AFTA was established in 1992 by the ASEAN countries to create a free trade area and reduce tariffs.
2. Implementation of AFTA involved gradually reducing tariffs on ASEAN imports from 1993 to 2015 through the Common Effective Preferential Tariff (CEPT) agreement.
3. The goals of AFTA were to accelerate economic growth among ASEAN countries and strengthen economic ties within the region through tariff reductions and increased trade.