Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 3 - Jul/Aug/Sep 2023
 

MTI Seeks Feedback on ASEAN Trade in Goods Agreement (ATIGA)

The ASEAN Trade in Goods Agreement ("ATIGA") is the key regional trade agreement that facilitates economic integration within the Association of Southeast Asian Nations ("ASEAN") region, which Singapore is a party to. The ATIGA entered into force on 17 May 2010 for ASEAN Member States ("AMS"). It gives a framework to achieve the free flow of goods within ASEAN by eliminating tariffs on most goods traded between AMS, and by reducing non-tariff barriers.


To keep the ATIGA relevant and more responsive to, and stay ahead of, the changes, ASEAN launched negotiations between AMS in March 2022 to upgrade the ATIGA. Substantive negotiations between AMS are targeted to be completed by the end of 2024. From 17 July 2023 to 16 August 2023, the Ministry of Trade and Industry (MTI) conducted a public consultation seeking feedback on how the ATIGA could be improved and other beneficial provisions that could be incorporated into the ATIGA.


The ATIGA contains various elements to facilitate the free flow of goods within the ASEAN region. Several significant features of ATIGA include tariff liberalisation, removal of non-tariff barriers, rules of origin, trade facilitation, customs, standards and conformance, sanitary and phytosanitary measures.


Additionally, the ATIGA includes a comprehensive coverage of commitments related to trade in goods and mechanisms for its implementation as well as institutional arrangements.


For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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