AEC Advisor in Asian Economic Community of ASEAN Countries

AFAS

AFAS

In the area of Trade in Services, ASEAN formalized its integration commitment through the signing of ASEAN Framework Agreement on Services (AFAS) by the ASEAN Economic Minister (AEM) on 15 December 1995 in Bangkok, Thailand. All AFAS rules are consistent with international rules for Trade in Services as provided for under the GATS Agreement of the World Trade Organization (WTO), as the article XIV(1) of AFAS provides that “The terms and definitions and other provisions of the GATS shall be referred to and applied to matters arising under AFAS for which no specific provision has been made under...