ASEAN Trade in Goods Agreement Form D: An Overview
The ASEAN Trade in Goods Agreement (ATIGA) is a free trade agreement between the ten member countries of the Association of Southeast Asian Nations (ASEAN). Form D is a document that accompanies goods traded under this agreement.
In this article, we will provide you with an overview of the ATIGA Form D, its purpose, and how it impacts trade between the ASEAN countries.
What is ATIGA Form D?
ATIGA Form D is a certificate of origin that is used by exporters to claim preferential tariff treatment for their goods under the ATIGA. This form certifies that the goods being exported are originating from an ASEAN member country and are eligible for preferential tariff treatment.
The form contains information about the exporter, the importer, the country of origin, the product description, and the HS code. The HS code is a standardized system of names and numbers used to classify products in international trade.
What is the Purpose of ATIGA Form D?
The purpose of ATIGA Form D is to facilitate trade between the ASEAN countries by providing exporters with a simplified process for claiming preferential tariff treatment for their goods. Without this form, exporters would have to pay the full tariff rate on their goods, making it difficult for them to compete in the market.
How Does ATIGA Form D Impact Trade?
The use of ATIGA Form D has a significant impact on trade between the ASEAN countries. It encourages exporters to produce and export more goods, which in turn, increases trade among the member countries.
Since the ATIGA was implemented in 2010, there has been a significant increase in intra-ASEAN trade, contributing to the growth and development of the region. According to the ASEAN Secretariat, intra-ASEAN trade reached USD 608.6 billion in 2019, accounting for 23.5% of ASEAN`s total external trade.
Conclusion
In conclusion, ATIGA Form D is a certificate of origin that is used by exporters trading goods under the ASEAN Trade in Goods Agreement. The form certifies that the goods are originating from an ASEAN member country and are eligible for preferential tariff treatment.
The use of ATIGA Form D has a significant impact on trade between the ASEAN countries, contributing to the growth and development of the region. As a professional, it is important to understand the role of ATIGA Form D in the ASEAN trade landscape and its impact on the region`s economy.