Asean Free Trade Area Agreement (afta)The ASEAN Free Trade Area Agreement was proposed to reduce trade barriers and ensure that there was more competition for the international commerce arena. This agreement has been accelerated to be able to realize the benefits of the elimination of tariffs and to help these countries grow more economically.
The following questions have been addressed in this article:What are the features of the Common Effective Preferential Tariff (CEPT)?
What products are included under the CEPT?
What activities have played a role in strengthening the AFTA?