SUPER SALE $50.00 PC TUNE-UPS!!
NOW is the opportune time to get your computer tuned and made fast again for the lowest price in town!
Come on in! See hours at the bottom of this page.
Asean Trade In Goods And Agreement (Atiga)
The de minimis principle allows goods which contain non-originating materials and which are unable to meet their tariff classification requirements to benefit from preferential tariff treatment under special conditions. Some products may be considered as products originating in ATIGA if: the vast majority of trade agreements contain rules of origin to prevent third parties from acting freely as parties to the agreements. These rules determine who is entitled to benefits under a particular agreement and under what circumstances those parties may do so. (ii) where all non-originating materials used in the manufacture of the products have undergone a change in the four-digit tariff classification (head shS) – see the introduction for more information. The guidelines established under ATIGA use the Harmonized System of Tariff Classification as a means of clarifying differences between products and setting standards that certain products must meet. Under the HS system, products are divided into: (i) if the goods have a regional value of at least 40%, determined by one of the two methods described in the following infographic. With the introduction of the ACS and the increasing harmonization of regional standards, the importance of regional supply chains cannot be underestimated. Further progress in regional integration is expected to continue these trends, further reduce trade barriers and reduce the impact of compliance on businesses throughout the region. While ASEAN`s prospects are good, success will ultimately depend on the ability of market participants to understand and seize the opportunities offered under agreements such as the ASEAN Agreement on Trade in Goods.
Dezan Shira & Associates employs qualified professionals with years of experience in market entry and business creation and is perfectly positioned to help companies maximize business and expand throughout the region. The ASEAN Agreement on Trade in Goods was signed on 26 February 2009 and is the result of the expansion and consolidation of all existing provisions of the CEPT-AFTA Agreement and the relevant ASEAN economic agreements and instruments. Currently, the ASEAN Trade in Goods Agreement (ATIGA) – ASEAN`s main agreement on regional tariff reduction – contains a number of criteria for determining the country of origin of a product and guidelines for determining whether certain products benefit from preferential tariff treatment. Unless otherwise provided, ASEAN Member States (AMS) are removing import duties on all products traded between SSAs until (a) 2010 for ASEAN-6 (Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand) and (b) flexibly until 2018 for CLMV (Cambodia, Laos, Myanmar and Vietnam). According to ATIGA, the goods are considered to originate in the Member State in which the goods were processed or processed. This is determined by compliance with at least one of the following conditions: within ATIGA, the concept of cumulation is applied to the rules of origin of the agreement. Unless a product is on the ATIGA list of 2000 products subject to specific requirements, exporters and producers have the possibility to apply either the regional value criterion or the criterion for changing the tariff classification criterion: according to ATIGA, products classified as “originating products” are qualified to benefit from tariff reductions. The Association of Southeast Asian Nations (ASEAN) consists of 10 member states: Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Previous article ” The RCEP negotiations are reaching a critical phase – probably through the year-end products added to the list of general exemptions (GE) of each SSA, they will not be subject to the reduction/elimination of import duties. are considered to be wholly obtained or produced in the Member State of export: import duties on unprocessed agricultural products are reduced or eliminated for ASEAN-6 by 2010, between 0 % and 5 %; 2013 for Vietnam; 2015 for pdR Laos and Myanmar; and 2017 for Cambodia….