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- ENGLISH VERSION ONLY -

Background

  • The Framework for Comprehensive Economic Partnership (CEP) between ASEAN and Japan was signed by the Leaders of ASEAN and Japan on 8 October 2003 in Bali during the ASEAN-Japan Summit.

Status

  • Negotiations on ASEAN-Japan Comprehensive Economic Partnership (AJCEP) Agreement, which commenced in April 2005, were concluded in December 2007.
  • ASEAN Member States and Japan completed the process of signing the AJCEP Agreement by circulation on 14 April 2008 and entered into force on 1 December 2008. For Malaysia, it entered into force on 1 February 2009.
  • Although the AJCEP is based on the respective bilateral Economic Partnership Agreements (EPAs) signed by Japan with individual ASEAN countries, including Malaysia, there is substantial value-adding to these EPAs under the AJCEP.

Scope

  • ASEAN-Japan Comprehensive Economic Partnership (AJCEP) Agreement is a comprehensive agreement which include Trade in Goods and Trade in Services, Trade in Investment, Rules of Origin (ROO), Sanitary and Phyto-Sanitary (SPS), Technical Barriers to Trade (TBT), Dispute Settlement Mechanism (DSM) and Economic Cooperation.
  • The AJCEP will be fully realised by ASEAN-6 (Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand) and Japan in 2015 when tariffs on substantially all products will be eliminated, except for those on the Sensitive Track. In 2015 Malaysia eliminated duties for 93.57 % of products in the normal track.
  • For Services and Investment Chapters of the AHECP Agreement, the negotiation is currently on-going and is targeted to be finalized by end of 2015.