ASEAN Framework Agreement on Trade in Goods

The ASEAN Framework Agreement on Trade in Goods is a regional agreement among Southeast Asian countries aimed at promoting trade by reducing barriers, such as tariffs and import restrictions. Established in 1992, it seeks to create a more integrated market, making it easier for goods to move between member nations. By streamlining customs procedures and enhancing cooperation, the agreement helps to boost economic growth, improve competitiveness, and foster trade relationships within the region. Overall, it supports ASEAN's goal of becoming a more cohesive and economically dynamic community.