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Table: AFTA's Evolution


1992

Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Brunei vow to reduce tariffs by 2008

1995

Several ASEAN countries let multinationals pay lower duties on components made within region

1998

Financial crisis prompts ASEAN to move AFTA deadline to 2002

2002

Original ASEAN countries limit tariffs on 93% of goods to 5%. ASEAN considers trade pact with China by 2010

2006-2010

Vietnam, Laos, Burma, and Cambodia to join

Data: ASEAN Secretariat


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