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The AJCEP is a free-trade agreement between the 10 member-states of the Asean and Japan that took effect in 2008.
The protocol has provisions on trade in services, movement of natural persons, and investment that will be incorporated into the AJCEP agreement.
AJCEP is a free trade deal between the 10 member-states of Asean and Japan that came into force on December 1, 2008.
The AJCEP Agreement contained commitments that eliminated and gradually reduced tariffs on products between Asean countries and Japan, to encourage the growth of two-way exports and production-sharing arrangements.
agreement, the AJCEP agreement and the ASEAN-ROK Economic DSM agreement
ASEAN-ROK, the AJCEP or the ASEAN-India Economic DSM agreement, the case
The draft says the ministers ''recognized that the full implementation of the AJCEP Agreement will reinvigorate trade and investment in the region, as well as strengthen economic cooperation among the countries in East Asia.''
It adds the ministers will ask officials to ''address all implementation issues and concerns'' for the AJCEP.
TABLE 4 Vietnam's Utilization Rates of ASEAN FTAs, 2005-11 (%) 2005 2006 2007 2008 2009 2010 2011 AFTA 6.07 7.10 9.41 12.76 11.41 14.11 20.20 AJCEP n.a.
In the report titled ''ASEAN-Japan Comprehensive Economic Partnership: Vision and Tasks Ahead,'' the 11 think tanks said the AJCEP will ''lose its momentum'' unless Japan achieves the ongoing reforms ''as soon as possible.''
While some Asian members are interested in an increase in agricultural trade and cross-border labor mobility, the AJCEP should tackle the tasks ''as a laboratory for experimenting with liberalization on a limited scale rather than excluding them,'' they said.
Despite all of the above challenges, the country kept up with its process of international economic integration, participating in the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) agreement in 2008, signing an Economic Partnership Agreement with Japan in 2008 and joining the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) in 2009.
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