Full Text of ASEAN Comprehensive Investment Agreement (ACIA)

13/12/2010    718

The goal of the ASEAN Economic Community is to establish ASEAN as a single market and production base that will make ASEAN more dynamic and competitive. In this context, one of the five core elements of an ASEAN single market and production base is the free flow of investments. A free and open investment regime is key to enhancing ASEAN’s competitiveness and attracting foreign direct investment (FDI) as well as intra-ASEAN investment. Sustained inflows of investments will promote and ensure the dynamic development of ASEAN.

ASEAN investment cooperation is being implemented through the Framework Agreement on the ASEAN Investment Area  (AIA), 1998, while investment protection is accorded under a separate agreement i.e. the ASEAN Agreement for the Promotion and Protection of Investment, 1987 or commonly referred to as ASEAN Investment Guarantee Agreement (IGA). 
Under the AIA, all industries (in the manufacturing, agriculture, fishery, forestry and mining and quarrying sectors and services incidental to these five sectors) shall be open and national treatment granted to investors both at the pre-establishment and the post-establishment stages, with some exceptions as listed in member countries’ Temporary Exclusion Lists (TEL) and Sensitive Lists (SL). The TEL is to be phased-out based on agreed timelines. Although the SL does not have a timeline for phasing-out, they will be reviewed periodically.

ASEAN Comprehensive Investment Agreement (ACIA)

ASEAN Comprehensive Investment Agreement, Cha-am, Thailand, 26 February 2009

Highlights of the ASEAN Comprehensive Investment Agreement (ACIA)

Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA)

Second Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA)

Third Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA)

Fourth Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA) (Factsheet)

Schedule to the ASEAN Compehensive Investment Agreement (Reservation List)

Modality for the Elimination/Improvement of Investment Restrictions and Impediments in ASEAN Member States

ACIA Schedule - Reservation Lists

Headnote list of reservations

Brunei Darussalam

Cambodia

Indonesia

Lao PDR

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

ACIA Schedule - Revised Reservation Lists

Brunei Darussalam

Indonesia

Lao PDR

Malaysia

Myanmar

Investment Agreements Superseded by ACIA

Framework Agreement on the ASEAN Investment Area (1998)

Protocol to Amend the Framework Agreement on the ASEAN Investment Area (2001)

Temporary Exclusion List and Sensitive List for Manufacturing, Agriculture, Fishery, Forestry, Mining and Quarrying Sectors (2008)

Protocol to Amend the Agreement among the Governments of Brunei Darussalam, the Republic of Indonesia, Malaysia, the Republic of Singapore, and the Kingdom of Thailand for the Promotion and Protection of Investments (1996)

Agreement among the Government of Brunei Darussalam, the Republic of Indonesia, Malaysia, the Republic of the Philippines, the Republic of Singapore and the Kingdom of Thailand for the Promotion and Protection of Investments (1987)