Asean Trade in Goods Agreement Disadvantages

The ASEAN Trade in Goods Agreement (ATIGA) is a crucial trade pact that aims to promote economic cooperation and integration among member countries in Southeast Asia. However, the agreement has been criticized for several disadvantages that impact its effectiveness.

One of the biggest disadvantages of the ATIGA is the lack of standardization in trade rules and regulations among member states. This leads to a fragmented market where there are different tariffs, non-tariff measures, and rules of origin for the same products across different countries. This lack of standardization makes it difficult for companies to navigate the complex regulations and hinders the growth of trade.

Additionally, the ATIGA has been criticized for its failure to address the issue of non-tariff measures (NTMs). NTMs are any regulations, other than tariffs, that can affect trade. Examples of NTMs include technical regulations, standards, and licensing requirements. These measures can be used as protectionist tools by countries, and the lack of provisions to address them in the ATIGA means that companies may still face significant barriers to trade.

Another disadvantage of the ATIGA is the limited coverage of trade in services. While the agreement does include provisions for the liberalization of trade in services, it is not as comprehensive as the provisions for trade in goods. This means that services sectors such as finance, telecommunications, and transport may still face significant restrictions and barriers to entry in some member states.

Finally, some critics argue that the ATIGA may exacerbate income inequality within member states. The liberalization of trade, while beneficial for some industries, can also lead to the displacement of workers in certain sectors. This can have a negative impact on those who are already marginalized or vulnerable in society.

Overall, while the ATIGA has the potential to promote economic growth and integration among ASEAN member states, it also faces significant disadvantages that need to be addressed. The lack of standardization in trade rules and regulations, insufficient provisions to address non-tariff measures, limited coverage of trade in services, and the risk of exacerbating income inequality all need to be carefully considered by policy makers to ensure that the benefits of the agreement are maximized and shared more equitably among member states.

Activity for Pronoun Verb Agreement

The ASEAN Trade in Goods Agreement (ATIGA) is a crucial trade pact that aims to promote economic cooperation and integration among member countries in Southeast Asia. However, the agreement has been criticized for several disadvantages that impact its effectiveness. One of the biggest disadvantages of the ATIGA is the lack of standardization in trade rules …

Agreement to Sale Format in English

The ASEAN Trade in Goods Agreement (ATIGA) is a crucial trade pact that aims to promote economic cooperation and integration among member countries in Southeast Asia. However, the agreement has been criticized for several disadvantages that impact its effectiveness. One of the biggest disadvantages of the ATIGA is the lack of standardization in trade rules …