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Asean Trade Agreement Members

The Association of Southeast Asian Nations (ASEAN) is a regional organization consisting of ten member states in Southeast Asia. The ASEAN Trade in Goods Agreement (ATIGA) is a free trade agreement signed by all member countries.

The ten ASEAN member states are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. They came together in 1967 to promote economic cooperation and regional stability.

ATIGA was signed in 2009 and came into effect in 2010. It aims to create a free trade area among the ASEAN member states by removing tariffs and non-tariff barriers on goods traded within the region. This has resulted in the reduction of trade barriers and has increased trade opportunities for businesses in the region.

The agreement covers goods such as agricultural and industrial products, electronics, and chemicals. It also includes rules on customs procedures, origin of goods, and dispute resolution. The agreement also allows for the relaxation of rules of origin for ASEAN goods, which encourages more intra-regional trade.

Since its implementation, ATIGA has brought significant benefits to ASEAN member countries. According to the ASEAN Secretariat, intra-ASEAN trade has doubled from $1.1 trillion in 2010 to $2.2 trillion in 2019. The agreement has also attracted more foreign investment to the region, which has created jobs and boosted economic growth.

ATIGA is part of ASEAN`s efforts to integrate the region`s economy and ensure its competitiveness in the global market. The ASEAN Economic Community (AEC) is another initiative that aims to create a single market and production base among ASEAN member countries.

As a professional, it is important to note that keywords such as “ASEAN trade agreement” and “ASEAN trade partners” can be used to optimize articles related to this topic. Ensuring that content is informative and engaging will drive traffic to a website and improve its search engine rankings.

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