Containers for export at Laem Chabang port in Chon Buri (Photo: www.bangkokpost.com) Bangkok (VNA) – The ASEAN Business Advisory Council (ASEAN-BAC) was satisfied withnegotiations over ASEAN trade facilitation procedures, in which all membersagreed to form and implement guidelines on non-tariff measures, said the ThaiMinistry of Commerce.
Director-general of the TradeNegotiations Department of Thailand Auramon Supthaweethum said the ASEANcommittee had many meetings last week, including the EU-ASEAN Business Counciland the US-ASEAN Business Council.
She added that ASEAN members agreed to implement the guidelines on non-tariff measures.Under the guidelines, all members are informed before the implementation ofnon-tariff measures and each measure should be applied as reasonable andnecessary, while public hearings should be held with stakeholders before implementation,Auramon noted.
After implementation, ASEAN countries have to review and evaluate impact bysetting up national trade facilitation committees in each country to regulatethe trade measures in line with the World Trade Organization (WTO).
She said the committee resolved to reduce trade transaction costs by 10 percentin 2020 under a resolution of the ASEAN Economic Ministers meeting in 2017.
The Economic Research Institute for ASEAN and East Asia (ERIA) will cooperatewith 10 member nations to gauge trade transaction cost reductions, such as howlong imports are held at customs checkpoints, waiting time at the pier and timerequired for admission documents. The study will be completed before thedeadline in 2020, Auramon said.
Thailand is the ASEAN Chair for 2019 and the third Meeting of the Senior Economic Officials (SEOM) is underway until July 18.
ASEAN member countries together form Thailand's largest trade partner.In 2018, bilateral trade value grew 13 percent from 2017 to near 114 billionUSD. -VNA
Director-general of the TradeNegotiations Department of Thailand Auramon Supthaweethum said the ASEANcommittee had many meetings last week, including the EU-ASEAN Business Counciland the US-ASEAN Business Council.
She added that ASEAN members agreed to implement the guidelines on non-tariff measures.Under the guidelines, all members are informed before the implementation ofnon-tariff measures and each measure should be applied as reasonable andnecessary, while public hearings should be held with stakeholders before implementation,Auramon noted.
After implementation, ASEAN countries have to review and evaluate impact bysetting up national trade facilitation committees in each country to regulatethe trade measures in line with the World Trade Organization (WTO).
She said the committee resolved to reduce trade transaction costs by 10 percentin 2020 under a resolution of the ASEAN Economic Ministers meeting in 2017.
The Economic Research Institute for ASEAN and East Asia (ERIA) will cooperatewith 10 member nations to gauge trade transaction cost reductions, such as howlong imports are held at customs checkpoints, waiting time at the pier and timerequired for admission documents. The study will be completed before thedeadline in 2020, Auramon said.
Thailand is the ASEAN Chair for 2019 and the third Meeting of the Senior Economic Officials (SEOM) is underway until July 18.
ASEAN member countries together form Thailand's largest trade partner.In 2018, bilateral trade value grew 13 percent from 2017 to near 114 billionUSD. -VNA
VNA
