ASEAN Framework Agreement On Services

ASEAN Framework Agreement on Services in Global Commerce Policy

In this regard, asean framework agreement on services is: adopted by ASEAN governments on 15 December 1995. The Agreement seeks (a) to enhance cooperation in services among member states to improve the efficiency and competitiveness of ASEAN services providers and to diversify production capacity and supply and distribution of services within and outside ASEAN, and (b) to eliminate substantially restrictions on trade in services among member states and to liberalize trade in services by expanding the depth and scope of liberalization beyond the commitments made under the GATS with the aim of realizing a free-trade area in services. The entries on trade policy are here. Article II seeks cooperation through establishing or improving infrastructural facilities, joint production, marketing and purchasing arrangements, research and development, and exchange of information. The entries on trade policy are here. Article III requires member states to liberalize trade in services in a substantial number of sectors within a reasonable timeframe through the removal of discriminatory measures and market access limitations and a prohibition of new restrictive measures. The entries on trade policy in the Encyclopedia are here. Under Article IV, member states are to enter into negotiations on measures affecting specific services sectors. The entries on trade policy are here. Article V permits the mutual recognition of qualifications, education, experience and licences, but it does not require any member state to do so. The Agreement stipulates that the provisions of the GATS will apply on matters where it is silent. See also AFTA and ASEAN Investment Area.[1]

ASEAN Framework Agreement on Servicesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “ASEAN Framework Agreement on Services” entry (OAS)

See Also