Asean Mra Agreement

In order to facilitate the implementation of the ASEAN Free Trade Area, it is necessary to develop a framework agreement on deepening and extending cooperation in the area of standards and compliance in ASEAN and to lay the groundwork for the development and implementation of MRA in certain product sectors (`MRA sectors`). This agreement or the measures it has taken do not affect the rights and obligations of the contracting Member States under existing international agreements or conventions to which it is also a party. 7. All sectoral MRA are multilateral agreements encouraging all Member States to participate. However, in view of Article I, paragraph 3, of the ASEAN Framework Agreement on improving economic cooperation, signed in Singapore on 28 January 1992, two or more Member States may, initially, act if other Member States are not willing to participate in the sectoral ARM. 6.1 The provisions of this framework can only be changed by the written agreement of the Government of all ASEAN Member States. IN ANREG. ENCOURAGEANT their obligations under the World Trade Organization agreement on technical barriers to trade and noting that the agreement encourages the parties to enter into negotiations for a mutual recognition agreement on the results of the other`s compliance assessment; Asean is Thailand`s largest trading partner. In 2018, Asean`s two-way trade in Thailand amounted to $114 billion, 13% more than in 2017.

(4) Sectoral ARM Member States ensure that compliance assessment bodies listed in sectoral MRA meet the requirements for compliance assessment with respect to sectoral requirements and comply with the procedures set out in Article 6 of this framework agreement. 2. Any discrepancies between Member States regarding the interpretation or application of this framework agreement and sectoral MRAs are settled, as far as possible, amicably between the Member States concerned or, if necessary, within the relevant joint sectoral committee. Therefore, if it is not possible to reach an agreement, it is subject to the ASEAN Dispute Settlement Mechanism in accordance with the Protocol on the Dispute Settlement Mechanism signed in Manila(Philippines) on 20 November 1996. 1.3 To achieve the above objectives, ASEAN member states are based on the following principles: RECONNAISSANT, which ASEAN leaders declared in 1992 that an ASEAN free trade area would be established in the region and that in 1995 they agreed to accelerate their implementation in 2003; In this context MRA, unless the context indicates something else: 3.5 International Federation of Accountants (IFAC) Standards and Guidelines 2. In addition, the following terms and definitions apply to this framework agreement and to sectoral MRAs: “designation”: the approval of a compliance assessment body by a compliance assessment body in accordance with this framework agreement and the sectoral MRAs involved; Minister for National Planning and Economic Development b.

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