Asean Trade in Goods Agreement Countries

The ASEAN Trade in Goods Agreement (ATIGA) is a cornerstone of regional economic integration in Southeast Asia, aiming to create a single market and production base among the ten member states of the Association of Southeast Asian Nations (ASEAN). These countries include Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

ATIGA covers trade in all goods, including agricultural and industrial products, and provides for the elimination of tariffs and non-tariff barriers to trade among the ASEAN countries. This ensures that goods produced in one ASEAN country can be traded freely in all others, creating a more seamless and efficient trading environment.

The agreement also includes provisions for the protection and enforcement of intellectual property rights, the promotion of trade in services, and the facilitation of investment among ASEAN countries. This serves to increase the competitiveness of the ASEAN region as a whole and attract foreign investment.

Since its implementation in 2010, the ATIGA has led to significant increases in intra-regional trade. According to ASEAN statistics, intra-ASEAN trade in goods grew from $333 billion in 2010 to $616 billion in 2019, marking a nearly 85% increase.

Moreover, the ATIGA has also been instrumental in facilitating trade relations between ASEAN and its external partners. In 2020, ASEAN`s external trade in goods was valued at $1.2 trillion, with China, the European Union, and the United States being its top trading partners.

To ensure effective implementation of the ATIGA, ASEAN countries have established a framework for cooperation, including the ASEAN Free Trade Area (AFTA) Council, the ASEAN Trade Facilitation Joint Consultative Committee, and the ASEAN Customs Working Group.

In conclusion, the ATIGA has been a critical factor in promoting regional economic integration and boosting trade among ASEAN countries and their external partners. Its provisions have paved the way for greater connectivity and economic growth, making ASEAN an increasingly attractive destination for foreign investment and trade opportunities.