Free Trade Agreements (FTA) and Institutions related to the countries analysed in the Postgraduate Diploma in Business in Southeast Asia ASEAN
Free Trade Agreements in the ASEAN countries (Southeast Asia) (Brunei Darussalam, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia, Malaysia, and Laos).
In the ASEAN region (Southeast Asian Nations) there are several Trade Agreements, both regional (ASEAN) and extra-regional (APEC, Trans-Pacific Agreement…) Furthermore, each ASEAN country can have Free Trade Agreements (FTA) with third countries. For example, Singapore has Free Trade Agreements (FTA) with Peru, Panama, Australia, China, Korea, the European Free Trade Association (EFTA), the United States, Japan, Jordan, New Zealand, and India, and is a member of the Trans-Pacific Strategic Economic Partnership Agreement.
A company wishing to do international business in the region (Brunei Darussalam, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia, Malaysia, and Laos) should know all these Trade Agreements in force for all target markets in the region.
The module includes the following Free Trade Agreements (FTA) and institutions related to the foreign trade in the region.
Association of Southeast Asian Nations (ASEAN)
- ASEAN Economic Community
- ASEAN Free Trade Area (AFTA)
ASEAN intra-regional agreements.
- Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
- Mekong Economic Cooperation Strategy (ACMECS)
- East ASEAN Growth Area
- Mekong River Commission
ASEAN's Free Trade Agreements (FTA)
- ASEAN-Australia-New Zealand
- ASEAN-European Union
- ASEAN-United States
Indonesia Free Trade Agreements (FTA).
Singapore Free Trade Agreements (FTA).
- Singapore-New Zealand
- United States-Singapore
- Singapore-European Free Trade Association
Laos Free Trade Agreements (FTA).
- Asia-Pacific Trade Agreement (APTA)
Thailand Free Trade Agreements (FTA).
Trans-Pacific Strategic Economic Partnership Agreement (TPP)
Asia-Pacific Economic Cooperation (APEC)
- Pacific Economic Cooperation Council (PEEC)
Regional institutions and agreements in the region of Southeast Asia ASEAN:
- Indian-Ocean Rim Association (IORA)
- Bay Bengal Initiative (BIMSTEC)
- Asian Clearing Union (ACU)
- Asia Cooperation Dialogue (ACD)
- Asia-Europe Economic Meeting
- Generalised System of Preferences (GSP)
- Forum for East Asia-Latin America Cooperation
- The Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- Asian Development Bank
and Social Commission for Asia and the Pacific
- Asia-Middle East Dialogue (AMED)
- Colombo Plan
- Boao Forum for Asia
If the country of the exporter (or importer):
a) Has a Free Trade Agreements (FTA) in force with some country of Southeast Asia:
The exporter must take advantages of the agreement (tariff reductions, rules and certificate of origin, technical standards, foreign direct investment (FDI), Intellectual Property Rights (IPR), public
procurement, trade in services…) however, also need to know if other countries may have an agreement in force with one of these countries.
b) Has not agreement in force with any country in Southeast Asia:
One possible scenario is that another country (or region) can have some Agreement in force with countries of Southeast Asia. Then, the exporter has a
All these factors are essential to design and adapt the international marketing strategy for each target market in Southeast Asia.
ASEAN-China Free Trade Area