ASEAN COMMUNITY PROGRESS TARIFF LIBERALISATION...tariffs for Cambodia, Lao PDR, Myanmar and Viet Nam...

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$ $ $ $ % % % ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 TARIFF LIBERALISATION ASEAN-6 CLMV ASEAN Average Intra-ASEAN Tariffs in ASEAN (%) 2005-2017 The average Intra-ASEAN tariffs have been virtually eliminated across the 10 ASEAN Member States, from 3.11% in 2005 to just 0.20% in 2017. The average Intra-ASEAN tariffs for Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV), for which flexibilities were availed, significantly fell from 5.28% in 2005 to 0.46% in 2017, bringing them closer to the average rate for Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand (ASEAN-6) at 0.03%. 1.87 3.11 5.28 1.74 2.72 4.40 0.79 1.95 3.69 1.32 2.58 4.44 0.79 1.65 3.00 0.05 1.06 2.61 0.05 0.96 2.47 0.05 0.68 1.69 0.04 0.55 1.37 0.04 0.54 1.33 0.03 0.23 0.55 0.03 0.22 0.51 0.03 0.20 0.46 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 $ Source: ASEAN Secretariat The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia. For inquiries, contact: The ASEAN Secretariat Community Relations Division (CRD) 70A Jalan Sisingamangaraja Jakarta 12110 Indonesia Phone: (62 21) 724-3372, 726-2991 Fax: (62 21) 739-8234, 724-3504 E-mail: [email protected] Catalogue-in-Publication Data ASEAN Community Progress Monitoring System 2017 Jakarta: ASEAN Secretariat, October 2018 341.2473 1. ASEAN - Indicators - Statistics 2. Economic - Socio-Cultural – Connectivity ASEAN: A Community of Opportunities The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the Community Relations Division (CRD) of the ASEAN Secretariat, Jakarta General information on ASEAN appears online at the ASEAN Website: www.asean.org Copyright Association of Southeast Asian Nations (ASEAN) 2018. All rights reserved. This leaflet is supported by the Government of Australia through the ASEAN-Australia Development Cooperation Program Phase II (AADCP II). ACPMS The ASEAN Community Progress Monitoring System (ACPMS) is a project under the ASEAN-Australia Development Cooperation Program Phase II (AADCP II). It aims to track pertinent socio-economic progress and trends in ASEAN through the use of outcomes-level Key Performance Indicators (KPIs) for the ASEAN Economic Community (AEC) and the ASEAN Socio-Cultural Community (ASCC). These series of ACPMS infographics derived from the ACPMS Report 2017, comprises of four themes which are inclusive development, tariff liberatisation, connectivity and narrowing the development gap. The 2017 Report, the last of the three ACPMS report series, complemented the existing broader regional integration monitoring mechanisms for the ASEAN Community. ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 TARIFF LIBERALISATION Tariff Liberalisation Pursuant to the commitments made in the Common Effective Preferential Tariff (CEPT) Scheme of the ASEAN Free Trade Area (AFTA) agreed in 1992, and later in the ASEAN Trade in Goods Agreement (ATIGA) in 2010, ASEAN continues to make progress in integrating into the global economy through Free Trade Agreements (FTAs) and Comprehensive Economic Partnerships (CEPs), as reflected in the liberalisation of tariffs on Extra-ASEAN imports from its FTA Partners. Preferential Tariff is a tariff schedule under which one or more nations are given lower rates than Most Favored Nation (MFN) Tariff, i.e. normal non-discriminatory tariff charged on imports. Intra-ASEAN tariff is tariff schedule applied by an ASEAN Member States (AMS) to imports from other AMSs. Tariff on imports from ASEAN FTA partners is tariff schedule applied by an AMS to imports from Australia, New Zealand, Japan, China, Republic of Korea and India. CUSTOM OFFICE The average Intra-ASEAN tariffs has fallen to below one percent in all 10 ASEAN Member States. The reductions in imports tariffs were most profound in Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV) during the period of 2005-2017. Average Intra-ASEAN Tariffs by Country (%) Brunei Darussalam Singapore Malaysia Thailand Viet Nam Indonesia Philippines Lao PDR Cambodia Myanmar 0.00 1.27 0.64 8.79 0.03 1.96 0.37 4.45 0.05 2.79 0.20 4.55 0.11 2.49 0.00 0.00 0.01 2.54 0.63 4.52 2005 2017 Source: ASEAN Secretariat Average Tariffs on Imports from ASEAN FTA Partners (%) Significant reductions in tariffs were also recorded for imports from the ASEAN FTA Partners of Australia, New Zealand, Japan, China, Republic of Korea and India over the past decade. Earliest year Latest year Brunei Darussalam, Indonesia, Lao PDR, Singapore, Thailand and Viet Nam (2005); Malaysia (2006); Cambodia, Myanmar and Philippines (2007) Indonesia (2012); Brunei Darussalam, Cambodia and Malaysia (2014); Lao PDR, Myanmar, Philippines, Singapore, Thailand and Viet Nam (2015) Brunei Darussalam Singapore Malaysia Thailand Viet Nam Indonesia Philippines Lao PDR Cambodia Myanmar 0.22 8.10 2.30 12.54 2.96 5.99 14.23 37.85 1.26 5.64 4.53 8.19 1.44 5.89 0.00 0.01 1.99 7.08 2.59 11.69 FTA Partners Earliest year FTA Partners Latest year Source: World Bank World Integrated Solution: http://wits.worldbank.org

Transcript of ASEAN COMMUNITY PROGRESS TARIFF LIBERALISATION...tariffs for Cambodia, Lao PDR, Myanmar and Viet Nam...

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    ASEAN COMMUNITY PROGRESSMONITORING SYSTEM 2017

    TARIFFLIBERALISATION

    ASEAN-6 CLMV ASEAN

    Average Intra-ASEAN Tariffs in ASEAN (%) 2005-2017The average Intra-ASEAN tariffs have been virtually eliminated across the 10 ASEAN

    Member States, from 3.11% in 2005 to just 0.20% in 2017. The average Intra-ASEAN

    tariffs for Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV), for which flexibilities

    were availed, significantly fell from 5.28% in 2005 to 0.46% in 2017, bringing them

    closer to the average rate for Brunei Darussalam, Indonesia, Malaysia, Philippines,

    Singapore and Thailand (ASEAN-6) at 0.03%.

    1.87

    3.11

    5.28

    1.74

    2.72

    4.40

    0.79

    1.95

    3.69

    1.32

    2.58

    4.44

    0.79

    1.65

    3.00

    0.05

    1.06

    2.61

    0.05

    0.96

    2.47

    0.05

    0.68

    1.69

    0.04

    0.55

    1.37

    0.04

    0.54

    1.33

    0.03

    0.23

    0.55

    0.03

    0.22

    0.51

    0.03

    0.20

    0.46

    2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

    $

    Source: ASEAN Secretariat

    The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia.

    For inquiries, contact:The ASEAN SecretariatCommunity Relations Division (CRD)70A Jalan SisingamangarajaJakarta 12110IndonesiaPhone: (62 21) 724-3372, 726-2991Fax: (62 21) 739-8234, 724-3504E-mail: [email protected]

    Catalogue-in-Publication Data

    ASEAN Community Progress Monitoring System 2017Jakarta: ASEAN Secretariat, October 2018

    341.24731. ASEAN - Indicators - Statistics2. Economic - Socio-Cultural – Connectivity

    ASEAN: A Community of Opportunities

    The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the Community Relations Division (CRD) of the ASEAN Secretariat, Jakarta

    General information on ASEAN appears online at the ASEAN Website: www.asean.org

    Copyright Association of Southeast Asian Nations (ASEAN) 2018.All rights reserved.

    This leaflet is supported by the Government of

    Australia through the ASEAN-Australia Development

    Cooperation Program Phase II (AADCP II).

    ACPMSThe ASEAN Community Progress Monitoring System (ACPMS) is a project under the

    ASEAN-Australia Development Cooperation Program Phase II (AADCP II). It aims to track

    pertinent socio-economic progress and trends in ASEAN through the use of outcomes-level

    Key Performance Indicators (KPIs) for the ASEAN Economic Community (AEC) and the ASEAN

    Socio-Cultural Community (ASCC). These series of ACPMS infographics derived from the

    ACPMS Report 2017, comprises of four themes which are inclusive development, tariff

    liberatisation, connectivity and narrowing the development gap. The 2017 Report, the last of

    the three ACPMS report series, complemented the existing broader regional integration

    monitoring mechanisms for the ASEAN Community.

    ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017

    TARIFF LIBERALISATION

    Tariff LiberalisationPursuant to the commitments made in the Common Effective Preferential Tariff (CEPT) Scheme of the ASEAN

    Free Trade Area (AFTA) agreed in 1992, and later in the ASEAN Trade in Goods Agreement (ATIGA) in 2010,

    ASEAN continues to make progress in integrating into the global economy through Free Trade Agreements

    (FTAs) and Comprehensive Economic Partnerships (CEPs), as reflected in the liberalisation of tariffs on

    Extra-ASEAN imports from its FTA Partners.

    Preferential Tariff is a tariff schedule under which one or more nations are given lower rates than Most

    Favored Nation (MFN) Tariff, i.e. normal non-discriminatory tariff charged on imports.

    Intra-ASEAN tariff is tariff schedule applied by an ASEAN Member States (AMS) to imports from other AMSs.

    Tariff on imports from ASEAN FTA partners is tariff schedule applied by an AMS to imports from Australia,

    New Zealand, Japan, China, Republic of Korea and India.

    CUSTOMOFFICE

    The average Intra-ASEAN tariffs has fallen to below one percent in all 10 ASEAN

    Member States. The reductions in imports tariffs were most profound in Cambodia,

    Lao PDR, Myanmar and Viet Nam (CLMV) during the period of 2005-2017.

    Average Intra-ASEAN Tariffs by Country (%)

    Brunei Darussalam

    SingaporeMalaysia Thailand Viet NamIndonesia PhilippinesLao PDRCambodia Myanmar

    0.00

    1.27

    0.64

    8.79

    0.03

    1.96

    0.37

    4.45

    0.05

    2.79

    0.20

    4.55

    0.11

    2.49

    0.00

    0.00

    0.01

    2.54

    0.63

    4.52

    2005

    2017

    Source: ASEAN Secretariat

    Average Tariffs on Imports from ASEAN FTA Partners (%)Significant reductions in tariffs were also recorded for imports from the ASEAN FTA

    Partners of Australia, New Zealand, Japan, China, Republic of Korea and India over

    the past decade.

    Earliest year

    Latest year

    Brunei Darussalam, Indonesia, Lao PDR, Singapore, Thailand and Viet Nam (2005); Malaysia (2006); Cambodia, Myanmar and Philippines (2007)

    Indonesia (2012); Brunei Darussalam, Cambodia and Malaysia (2014); Lao PDR, Myanmar, Philippines, Singapore, Thailand and Viet Nam (2015)

    Brunei Darussalam

    SingaporeMalaysia Thailand Viet NamIndonesia PhilippinesLao PDRCambodia Myanmar

    0.22

    8.10 2.30

    12.54

    2.96

    5.99

    14.23

    37.85

    1.26

    5.644.53

    8.19

    1.44

    5.89

    0.00

    0.011.99

    7.08 2.59

    11.69

    FTA Partners Earliest year

    FTA Partners Latest year

    Source: World Bank World Integrated Solution: http://wits.worldbank.org