Name: Almacen, Gilleen Grace P.
Section:M7
Read about the different ASEAN agreements entered into by the ASEAN member
states. Identify five agreements and explain how it affects the Philippines.
OBSERVATIONAL REPORT
Agreement
1. ASEAN Trade in Goods Agreement
2. ASEAN Multilateral Agreement on the Full
Liberalization of Air Freight Services (MAFLAFS)
3. ASEAN Framework Agreement on
Services (AFAS)
4. ASEAN Mutual Recognition
Arrangement on Nursing Services
5 ASEAN Comprehensive Investment
Agreement (ACIA)
Impact on the Philippines
ATIGA covers tariff liberalization, trade
facilitation initiatives, simplification of rules
of origin, and establishment of an ASEAN
Trade Repository. It increased the access to
regional exports, raw materials and
production inputs.
It is committed to maintain, further develop
and strengthen friendly relations and
cooperation between and among their
countries;
It provides fair and equitable treatment and
full protection and security. It helps improved
the efficiency and the competitiveness of
service suppliers. It helps improve security of
investments arising from improved legal
infrastructure to have greater investor
confidence.
Enhances the cooperation in the services. It
eliminates the restrictions to trade in
services. It liberalizes the trade in services.
It widen the options to invest in. It generates
greater opportunities for industrial
complementation and specialization and it
has increased foreign equity participation in
liberalised sectors.