The ASEAN Trade in Goods Agreement (ATIGA) is a comprehensive trade agreement among the member states of the Association of Southeast Asian Nations (ASEAN). The agreement aims to increase trade, promote economic integration, and enhance the competitiveness of the ASEAN region.
The scope of the ATIGA agreement covers the trade of goods among ASEAN member states. It includes the elimination of tariffs and non-tariff barriers on goods traded within the region. The agreement also promotes the harmonization of standards, customs procedures, and trade facilitation measures to further reduce trade costs and increase efficiency.
Under the ATIGA, member states have committed to reducing or eliminating tariffs on 99% of goods traded within the region by 2015. This has led to increased trade flows among ASEAN member states, resulting in greater economic integration and increased competitiveness for the region.
The ATIGA also provides for the protection of intellectual property rights, including patents, copyrights, and trademarks. This helps to promote innovation and creativity within the region, as well as to protect the interests of businesses and individuals who hold such rights.
Moreover, the ATIGA includes provisions for the resolution of trade disputes among member states. This allows for a more effective and efficient means of resolving disputes, which can help to prevent trade disruptions and promote greater stability in the region.
Overall, the scope of the ASEAN Trade in Goods Agreement is broad and comprehensive, covering virtually all aspects of trade in goods among member states. By promoting greater economic integration and competitiveness, the agreement has helped to increase trade flows and enhance the region`s economic development. As such, it represents a significant step forward for the ASEAN region, and a positive development for businesses and individuals alike.