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

1. Dictionary of Trade Policy, “ASEAN Industrial Cooperation Scheme” entry (OAS)

See Also