Name: Celape M.

Cabanes Section: SOSCIO032

OBSERVATIONAL REPORT

Agreement Impact on the Philippines

1. ASEAN Trade in Goods
Agreement Free trade will increase a country's
citizens' quality of life. Goods that are not
ASEAN Trade in Goods readily accessible inside a country's
Agreement (ATIGA) aims to borders can be imported. Importing
achieve free flow of goods in the products may be less expensive for a
region resulting to less trade developing country than producing
barriers and deeper economic consumer goods or services within its
linkages among Member States, borders.
lower business costs, increased
trade, and a larger market and
economies of scale for businesses.
2. ASEAN Framework
Agreement on Services Increased competition: Lower trade and
FDI barriers on final goods can
The ASEAN Framework strengthen competition in the liberalized
Agreement on Services (AFAS) is sector(s). This can help firms exploit
to work towards free flow of trade economies of scale, improve efficiency,
in services within the region.  It absorb foreign technology, and innovate.
aims to substantially eliminate
restrictions to trade in services
among ASEAN countries in
order to improve the efficiency and
competitiveness of ASEAN
services suppliers.
3. ASEAN Comprehensive
Investment Agreement
 Grow with economy.
The ASEAN Comprehensive  Stay ahead of inflation.
Investment Agreement (ACIA) is  Easy to buy and sell.
ASEAN’s main economic
instrument to realize a free and
open investment regime. The
ACIA, as one of the economic
instruments for realizing regional
economic integration, aims to
create a liberal, facilitative,
transparent and competitive
 investment environment in
ASEAN.
4. ASEAN Mutual Recognition
Arrangements
Liberalization offers the opportunity for
Mutual Recognition Arrangements the sector to compete internationally,
(MRAs) are framework contributing to GDP growth and
arrangements established in generating foreign exchange. As
support of liberalizing and such, service exports are
facilitating trade in services.  MRAs an important part of many developing
aim to facilitate mobility of countries' growth strategies.
professionals/ skilled labor in
ASEAN.  Through exchange of
information, MRAs also work
towards the adoption of best
practices on standards and
qualifications.
5. ASEAN Agreement on the
Movement of Natural Persons The major is visa-free travel, then, is that
it gives you access to
The ASEAN Agreement on the different countries without the trouble of
Movement of Natural Persons going through time- and money-
(AAMNP) streamlines and makes consuming visa processes
transparent the procedures for
immigration applications for the
temporary entry or entry of stay of
natural persons.  It covers
business visitors, intra-corporate
transferees, contractual service
suppliers, and other categories of
natural persons as may be
specified by ASEAN Member
States.