asean Trade Agreement Upgrade: A Push for Inclusivity and modernization
The Association of Southeast Asian Nations (Asean) is on the cusp of a notable upgrade to it’s trade framework, aiming for a more inclusive and responsive economic environment.At the heart of this initiative is the Asean Trade in Goods Agreement (ATIGA) Upgrade, designed to modernize trade practices and address contemporary global challenges. Indonesia is championing this effort,emphasizing the importance of equitable access and simultaneous implementation across all member states.
Indonesia’s Stance: Inclusivity is Key
Dyah Roro esti Widya Putri,Indonesia’s deputy minister of trade,has been a vocal advocate for an inclusive approach to the ATIGA Upgrade.She stressed that the benefits of the upgrade must be shared equitably across the region. Indonesia is committed to ensuring that the ATIGA Upgrade is accessible and can be utilized by all Asean countries,
Putri stated during an online meeting of the ATIGA Trade Negotiating committee (TNC).
Modernizing Trade for a Changing World
The ATIGA Upgrade seeks to modernize the existing framework, making it more facilitative for businesses and responsive to regional and global challenges.This ambition is reflected in proposed new chapters covering a range of contemporary issues:
- Trade and the environment
- Remanufactured goods
- the circular economy
- Supply chain connectivity
- Trade during humanitarian crises
- The role of micro, small, and medium enterprises (MSMEs)
Negotiations Nearing Completion
According to Putri, the drafting process is nearing completion, with 15 out of 17 chapters finalized.She urged all negotiating parties to conclude discussions in time to announce the completion of negotiations at the Asean Economic Ministers’ Meeting in September. The agreement is expected to be signed during the 47th Asean Summit, scheduled for October or November.
Key Issues and the Road Ahead
During the ATIGA Trade Negotiating Committee meeting, key issues were discussed to help meet the target of completing negotiations. Indonesia is also working to ensure the ratification process aligns with the provisions agreed upon by all parties.
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Such an approach is essential to ensure that the benefits of the upgrade—designed to make ATIGA more relevant—are shared equitably across the region.
Dyah Roro Esti Widya Putri, Deputy Minister of Trade, Indonesia
