TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Experts urge ASEAN to harmonize non-tariff barriers to boost intra-regional trade

  • News Desk

    The Jakarta Post

PREMIUM
Jakarta   /   Mon, February 3, 2020   /  06:30 pm
The Jakarta Post Image
Visitors enjoy traditional food and beverages at Indonesia's booth at the ASEAN Tourism Forum's Travel Exchange in Brunei Darussalam on, Jan. 14. Researchers have advised ASEAN member countries to harmonize their non-tariff barriers to increase intra-regional trade.(JP/Riza Roidila Mufti)

Researchers from the Economic Research Institute for ASEAN and East Asia (ERIA) and the Center for Indonesian Policy Studies (CIPS) have advised ASEAN countries to harmonize their non-tariff measures (NTMs) to boost intra-regional trade. With the adoption of the Asian Trade in Goods Agreement (ATIGA), six members of the association, namely Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, have eliminated import duties on 99.6 percent of their tariff line, while four members, Cambodia, Lao PDR, Myanmar and Vietnam, have reduced their import duties to between 0 and 5 percent on 98.86 percent of their tariff line. However, the researchers said that trade in the region remained low due to NTM policies enforced in ASEAN countries, such as trade quotas, licenses, regulations, label requirements, price controls and anticompetitive measures. In 2019, Indonesia’...