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ASEAN for Business – A Progress toward Single ASEAN Pharmaceutical Market
The disrupted supply chain and the surge of Covid-19 pandemic have led to shortages of medical supplies and equipment. This highlighted the needs to strengthen supply-chain of pharmaceutical products to ensure a timely access of pharmaceutical products to ASEAN people. Policy reforms are necessary to address trade barriers in the trade of pharmaceutical products such as the registration procedures that could take few months to years and the different interpretations of the pr


ASEAN for Business – Accessing Southeast Asia’s Market with ASEAN Trade in Goods Agreement (ATIGA)
ASEAN has continuously evinced its commitment to keep its market open. In 2009, amidst the worst global economic crisis since the Great Depression, ASEAN signed the ASEAN Trade in Goods Agreement (ATIGA) to further its commitment to an open and integrated regional economy. The ATIGA consolidates and streamlines all the provisions in the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Agreement (CEPT-AFTA). It promotes trade in the region by reducing barri


ASEAN for Business – ASEAN as Market and Regional Manufacturing Hub for Electric Vehicle
Transforming the transportation sector to be more sustainable becomes indispensable as ASEAN is gearing toward further economic development while remaining committed to the Paris Agreement. In ASEAN, the demand for transport is estimated to increase by 60% from 2013 to 2040 due to the region’s rapid development. Nonetheless, this growth becomes a double-edged sword as over 90% of the ASEAN transport sector remains dependent on fossil fuel. The growth of transportation is expe


ASEAN for Business – Rules of Origin under the Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) has entered into force on 1 January 2022. The Agreement encompasses 30% of the global GDP and 30% of the world population and aims to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership that will facilitate the expansion of regional trade and investment. One of the biggest breakthroughs made under RCEP is the Rules of Origin (ROO), as it will further solidify the region under the
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