Report: Review and Upgrading for the ASEAN Trade In Goods Agreement

09/09/2022    58

Time: September 2022

By: EU-ASEAN Business Council

On September 9, 2022, The EU-ASEAN Business Council - the primary business body for European businesses in ASEAN published a Report on Review and Upgrading for the ASEAN Trade In Goods Agreement (ATIGA). Some twelve years after the ATIGA was signed, ASEAN has now committed to conduct a review and upgrade of the Agreement.In announcing the launch of formal negotiations on the upgrade, the ASEAN Economic Ministers stressed the need “for ASEAN to accelerate economic recovery from the COVID-19 global pandemic” and that the upgrade “seeks to ensure that ASEAN remains relevant, modern, forward-looking and more responsive to regional and global developments and able to contribute to increasing the efficient utilization of ATIGA for businesses to benefit from regional integration."

This Report is attached below: