The Association of Southeast Asian Nations (ASEAN) will remove all tariff barriers by 2015 following the ASEAN Trade in Goods Agreement (ATIGA). The Agreement, which officially came into effect on May 17, 2010, is a breakthrough which will promote the flow of goods amongst ASEAN member countries.Under the ATIGA, ASEAN nations will completely abolish taxes on goods by 2015. For newly-admitted members namely Cambodia, Laos, Myanmar and Vietnam, the taxes on 7 percent of goods will be eliminated by 2018. Full story
