The Asean Framework Agreement on Services

The Association of Southeast Asian Nations (ASEAN) Framework Agreement on Services (AFAS) is a trade agreement that aims to promote the liberalization of trade in services among ASEAN member states. The agreement was signed by the ASEAN leaders in 1995 and entered into force in 1996.

The AFAS is a comprehensive agreement that covers a wide range of service sectors. It includes provisions on market access, national treatment, and most-favored-nation treatment. The agreement also provides for the development of a mutual recognition arrangement (MRA) on professional services, which allows professionals from one ASEAN member state to provide services in another ASEAN member state without having to undergo additional training or certification.

The AFAS has contributed to the growth of the service sector in the ASEAN region. The agreement has facilitated the cross-border movement of service providers, which has allowed ASEAN countries to tap into each other`s expertise and resources. The AFAS has also helped to attract foreign investment into the region, as it provides a framework for the liberalization of trade in services.

In order to fully realize the benefits of the AFAS, ASEAN member states need to continue to work together to implement the agreement. This includes addressing non-tariff barriers to trade in services, such as restrictions on the movement of people and data. ASEAN countries also need to continue to develop their service sectors, by investing in education and training, as well as infrastructure and technology.

Overall, the ASEAN Framework Agreement on Services is an important agreement that has contributed to the growth and development of the service sector in the ASEAN region. By continuing to work together to implement the agreement and address remaining barriers to trade in services, ASEAN member states can further enhance the competitiveness of their service sectors and promote economic growth and development.