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ASEAN economic ministers upgrade ATIGA

ASEAN economic ministers adopted revisions to several terms in the Operational Certification Procedures (OCP) in the first Protocol amending the ASEAN Trade in Goods Agreement (ATIGA) during the virtual AEM-35th ASEAN Free Trade Agreement Council Meeting on September 8.
ASEAN economic ministers upgrade ATIGA ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – ASEAN economic ministersadopted revisions to several terms in the Operational Certification Procedures(OCP) in the first Protocol amending the ASEAN Trade in Goods Agreement (ATIGA)during the virtual AEM-35th ASEAN Free Trade Agreement Council Meeting onSeptember 8.

Speaking at the event, the Vietnamese delegation, led by Deputy Minister of Industry and Trade Tran Quoc Khanh, said withthe bloc’s removal of 98.6 percent of tariff lines in ATIGA, the upgrade ofATIGA needs to help firms capitalise on its benefits via cutting compliancecosts and increasing trade facilitation measures.

Participating ministers also approved the additionof 107 kinds of farm produce and food into the list of necessities in ASEAN,raising the total to 257, in a bid to cope with the COVID-19 pandemic.

The event also took note of resul🍃ts recorded in regionalcustoms cooperation, especially in building the 2022 ASEAN Harmonized Tariff Nomenclature, which is expected to be launchedin next January./⭕. 

VNA

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