ASEAN Free Trade Area

Definitions

Economics

  • A free trade area announced in 1992 among the ASEAN countries that is in the process of being implemented. It does not quite meet the the normal definition of an FTA, however, in that tariffs on imports from members are not necessarily zero, but rather given by the common effective preferential tariff.
  • acronymAFTA
  • ASEAN Free Trade Area
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