With the introduction of the ACS and the increasing harmonization of regional standards, the importance of regional supply chains cannot be underestimated. Further progress in regional integration is expected to continue these trends, further reduce trade barriers and reduce the impact of compliance on businesses throughout the region. While ASEAN`s prospects are good, success will ultimately depend on the ability of market participants to understand and seize the opportunities offered under agreements such as the ASEAN Agreement on Trade in Goods. Dezan Shira & Associates employs qualified professionals with years of experience in market entry and business creation and is perfectly positioned to help companies maximize business and expand throughout the region. Under ATIGA, products classified as «originating» are allowed to benefit from tariff reductions. Unless a product is included in the ATIGA list of 2000 products subject to specific requirements, exporters and producers have the possibility to apply either the regional value criterion or the criterion for changing the tariff classification criterion: the guidelines established under ATIGA use the Harmonized System (HS) of tariff classification as a means of clarifying differences between goods and setting standards, who have to fill certain goods. Under the HS system, products are subdivided into: the vast majority of trade agreements contain rules of origin to prevent third parties from freely deciding on the sacrifices that parties to agreements make. These rules determine who is entitled to benefits under a particular agreement and under what circumstances those parties may do so. The de minimis principle allows goods which contain non-originating materials and which are unable to meet their tariff classification requirements to benefit from preferential tariff treatment under special conditions. Some products may be considered as products originating in ATIGA if: At present, the ASEAN Trade in Goods Agreement (ATIGA) – ASEAN`s main agreement on regional tariff reduction – contains a number of criteria for determining the country of origin of a product as well as guidelines for determining whether certain products benefit from preferential tariff treatment.
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