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To better integrate ASEAN with the global economy, a number of Free Trade Agreements (FTA) have been signed with other countries or regional groups to strengthen trade links and to create business opportunities. To ensure that the formation of the AEC will lead to equitable economic development across ASEAN, the ASEAN Framework for Equitable Economic Development was implemented to narrow the development gaps among members so as to achieve inclusive and sustainable growth that alleviates poverty. Importantly, the ASEAN Open Sky Policy will enhance the connectivity of passengers and cargo in the region, enabling greater movement of people, goods and services. To build the competitive economic region pillar, ASEAN countries have, for example, committed to pass competition policies and laws to offer cross-border protection of consumers’ interest and intellectual property. To date, much has been achieved to support the formation of the AEC.įor example, to support the single market production base pillar, the ASEAN Trade in Goods Agreement has been in force since 2010 to ensure free flow of goods within the AEC by eliminating 99.2 per cent of the tariff line for six ASEAN member states (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand) also, the ASEAN Framework Agreement on Services has been implemented to eliminate restrictions on trade services in 80 sub-sectors to allow foreign ownership in these sectors. įoster greater economic integration by eliminating tariffs and barriers to trade, harmonising capital market standards and creating customised integration with other regional economic blocs.Īlthough AEC is unlikely to fully meet all its objectives by its original target of 2015, the ambitious target serves as an important planning parameter that sets the wheels in motion for greater regional collaboration.Standardise the issuance of employment passes across member countries to facilitate the free flow of skilled labour and
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Recognise professional qualifications from member countries in order to achieve free flow of services In support of establishing a single market and production base, and with specific reference to the responsibilities and contributions towards the development of a strategic regional human capital and HRM road-map member countries of ASEAN have agreed to: However, at the time of writing, although Central American Countries have adopted Codex Standards as their own, in practice, each country still follows their own individual rules. This means extending the integration process to a point in which internal customs procedures for trade within the isthmus become redundant and are eliminated, while customs procedures for trade with non-regional partners are homogenized and administrated jointly. The region has now been working for a few years in upgrading the common market into a Central American Customs Union. The CACM also provides common regulation in many areas from services to product registry to dispute resolution. The progress in this regional integration has been the consequence of forty years under the CACM, this is a far-reaching trade agreement that, among other things, ensures tariff-free exchange for 99.9% of the native products within the region.
The Central American Common Market (CACM), is a well integrated group of five Central American economies (Guatemala, Honduras, El Salvador, Nicaragua and Costa Rica). In Ensuring Global Food Safety, 2010 2.8.10 Central American Common Market The purpose of this initiative was to develop a model approach to assist countries in meeting their WTO Sanitary and Phytosanitary obligations ( FAO, 2002). Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the Inter-American Development Bank (IDB). The Caribbean Food Safety Initiative (CFSI) was designed by the CARICOM Secretariat, the U.S. As signatories to the WTO, CARICOM countries are expected to harmonize national and regional food safety standards with Codex standards in the import and export of food products, and to adopt the WTO approach to food safety. Kitts and Nevis, Suriname, Barbados, Dominica, Jamaica, Saint Lucia, and Trinidad and Tobago. Vincent and the Grenadines, Turks and Caicos Islands, The Bahamas, British Virgin Islands, Guyana, St. Its members include Antigua and Barbuda, Belize, Grenada, Montserrat, St. The Caribbean Common Market (CARICOM) is an organization that aims at the eventual integration of its members and economies and the creation of a common market.
Bernd van der Meulen, in Ensuring Global Food Safety (Second Edition), 2022 3.5.6.4 CARICOM
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