What are the objectives of AFTA?

The objectives of the ASEAN Free Trade Area (AFTA) are as follows:

1. To promote and enhance economic cooperation among the member countries of the Association of Southeast Asian Nations (ASEAN).
2. To eliminate barriers to trade and investment within the region, including tariffs, non-tariff barriers, and other restrictive measures.
3. To create a single market and production base within ASEAN, allowing for the free flow of goods, services, and investments.
4. To enhance the competitiveness of ASEAN industries in the global market by promoting regional integration and specialization.
5. To attract foreign direct investment (FDI) into the region by providing a more attractive and integrated market for investors.
6. To promote economic development and reduce poverty within ASEAN member countries through increased trade and investment opportunities.
7. To foster closer economic and political ties among ASEAN member countries, leading to greater regional stability and cooperation.
8. To establish a framework for further economic integration and cooperation with other regional and global economies.
9. To promote sustainable development and environmental protection within the region.
10. To strengthen the ASEAN community and enhance the welfare of its people through increased economic integration and cooperation.