Laboratório de Gestão da UFF

Atiga Agreement

Postado por uffadmin em 23/set/2023 - Sem Comentários

The ATIGA Agreement: What It Means for Southeast Asia

The ASEAN Trade in Goods Agreement (ATIGA) is a treaty signed by all ten member states of the Association of Southeast Asian Nations (ASEAN) in 2009. Its primary aim is to promote free trade among ASEAN countries and to establish a common market for goods.

Under the ATIGA, tariffs on 99.65% of products traded among ASEAN countries have been eliminated. This has led to a significant increase in intra-ASEAN trade, with exports from ASEAN to other ASEAN countries growing from $137 billion in 2009 to $224 billion in 2019.

The ATIGA has also played a key role in attracting foreign investment to the region. With the elimination of trade barriers, foreign companies can easily set up operations in ASEAN and enjoy the benefits of a large and growing market.

Another crucial aspect of the ATIGA is its emphasis on harmonizing standards and regulations across ASEAN countries. This helps to reduce non-tariff barriers to trade and makes it easier for businesses to operate across borders.

Overall, the ATIGA has been a success story for ASEAN. It has helped to increase trade and investment within the region, while also promoting greater economic integration and cooperation.

However, there are still challenges to be addressed. Some ASEAN countries have been slower to implement the ATIGA`s provisions, and there are still non-tariff barriers that make it difficult for businesses to operate across borders.

Nevertheless, the ATIGA remains an important tool for promoting free trade and economic growth in Southeast Asia. As ASEAN continues to develop and integrate, the ATIGA will play a critical role in shaping the region`s economic future.

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