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ASEAN Free-Trade Area
(redirected from AFTA)

   Also found in: Acronyms 0.01 sec.
ASEAN Free-Trade Area
An agreement between members of ASEAN that seeks the reduction and/or elimination of tariffs between members at the encouragement of foreign direct investment. Goods originating in an ASEAN member state and exported to another may not have a tariff higher than 5% of the value of the good. It was signed in 1992 and became operational in 2003. Since it was originally created, prospective members of ASEAN have been required to sign on to the Free-Trade Area.


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In fact, the EU requirements in this regard have no credibility for many reasons, the first of which is that another European Group called the AFTA Organisation, which includes Switzerland, Lichtenstein, Iceland and Norway, has lately signed a FTA with the GCC.
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com 1-800-365-7006 Now in an updated second edition, Strengthening Family Resilience is a guide for both families and therapists by Froma Walsh, who has received awards for her leadership in the field of family therapy from the Division of Family Psychology of the American Psychological Association, the American Association for Marriage and Family Therapy, and AFTA.
 
 
 
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