Common Effective Preferential Tariff scheme

E136852

The Common Effective Preferential Tariff (CEPT) scheme is a regional tariff-reduction program that lowers import duties among ASEAN member states to promote intra-regional trade and economic integration.

All labels observed (2)

How this entity was disambiguated

Statements (39)

Predicate Object
instanceOf ASEAN economic cooperation mechanism
regional trade arrangement
tariff reduction scheme
abbreviation CEPT
administeredBy Association of Southeast Asian Nations
surface form: ASEAN

Association of Southeast Asian Nations
aimsTo facilitate freer flow of goods within ASEAN
reduce trade barriers among ASEAN member states
appliesTo ASEAN member state
surface form: ASEAN member states

import duties on eligible products
basedOn preferential tariff margins among ASEAN members
beneficiary ASEAN member exporters
ASEAN member importers
category preferential trade agreement mechanism
economicArea ASEAN Economic Community
surface form: ASEAN single market and production base
feature provides lower tariff rates for qualifying ASEAN-origin goods
requires rules of origin to determine eligibility
fullName Common Effective Preferential Tariff scheme self-link
implementedBy national customs authorities of ASEAN member states
intendedEffect enhance regional economic integration in ASEAN
increase intra-ASEAN trade volume
legalNature intergovernmental agreement framework
mechanism preferential tariff treatment
tariff reduction
objective to encourage production specialization within ASEAN
to increase competitiveness of ASEAN products within the region
to support the creation of an ASEAN Free Trade Area
policyInstrument import tariff
policyType trade liberalization policy
purpose to promote economic integration in Southeast Asia
to promote intra-regional trade among ASEAN member states
to reduce or eliminate import duties on intra-ASEAN trade
region Southeast Asia
relatedTo ASEAN Free Trade Area
regional economic integration
requires member state commitments to reduce tariffs on covered products
scope intra-ASEAN trade in goods
shortName CEPT
surface form: CEPT scheme
tradeBloc Association of Southeast Asian Nations
surface form: ASEAN

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

ASEAN Free Trade Area coreMechanism Common Effective Preferential Tariff scheme
Agreement on the Common Effective Preferential Tariff (CEPT) Scheme for the ASEAN Free Trade Area establishes Common Effective Preferential Tariff scheme
this entity surface form: Common Effective Preferential Tariff (CEPT) Scheme
Common Effective Preferential Tariff scheme fullName Common Effective Preferential Tariff scheme self-link
Temporary Exclusion List relatedTo Common Effective Preferential Tariff scheme