ASEAN Industrial Cooperation Scheme
ASEAN Industrial Cooperation Scheme in Global Commerce Policy
In this regard, asean industrial cooperation scheme is: AICO. The entries on trade policy are here. An industrial development program adopted in 1995 by the ASEAN countries to promote investment in technology-based industries and to enhance value-adding activities in goods and services production. The entries on trade policy are here. It replaced the ASEAN Industrial Joint Venture Scheme. To be eligible for the benefits under AICO, a cooperative venture must consist of at least two companies located in different ASEAN countries, and the companies must have at least 30% of equity owned by ASEAN nationals. The approved output of AICO entities enjoys the preferential tariff rate for intra-ASEAN trade ranging from zero to 5%. The entries on trade policy are here. All products except those falling under Article 9 (General Exceptions) of the CEPT arrangement may be produced under AICO.[1]
ASEAN Industrial Cooperation Schemein the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “ASEAN Industrial Cooperation Scheme” entry (OAS)
Leave a Reply