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The cultural exemption is a concept that originated in international economic law and more specifically in bilateral and regional free trade agreements. The cultural exemption takes the form of a clause that has the effect of excluding from its scope cultural goods and services that would otherwise be covered by the commitments arising from the agreement in question. [1]
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
This law would act as the framework for the ASEAN Free Trade Area (AFTA), which is an agreement by member states concerning local manufacturing in ASEAN. It was signed on 28 January 1992 in Singapore. [158] Free trade initiatives in ASEAN are spearheaded by the implementation of the ASEAN Trade in Goods Agreement (ATIGA) and the Agreement on ...
IA-CEPA contains clauses on bilateral free trade, investments, skills training visas, investor arbitration, e-commerce, and intellectual property protection. [1] Indonesia, under the agreement, will remove tariffs from nearly all Australian products exported to Indonesia while all Indonesian products exported to Australia will be free of tariffs. [2]
ASEAN, a 10-member bloc of more than 600 million people, has for years been seeking to integrate its economies, worth a combined $2.3 trillion, through trade, investment and harmonised standards ...
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
The Chairman's Statement of the 16th ASEAN Summit (9 April 2010) [8] stated: 30. We noted the initiatives being undertaken to take forward broader regional integration by considering the recommendations of both East Asia Free Trade Agreement (EAFTA) and the Comprehensive Economic Partnership for East Asia (CEPEA) studies together.
On 15 December 2008, the members of ASEAN met in the Indonesian capital of Jakarta to launch the charter, signed in November 2007, with the aim of moving closer to "an EU-style community". [9] [10] The charter turned ASEAN into a legal entity and aimed to create a single free-trade area for the region encompassing 600 million people.