Policy Brief Paper on ASEAN - China Free Trade Area Essay

polity Brief Paper on ASEAN - China Free Trade Area - Essay ExampleThe form _or_ system of government belief bequeath also explore the goals of the ASEA forfeit trade and the rule of origin that applies to the goods. It will also explain how the trade is administered and how the countries solve the disputes that may come across on the way. The audience of the policy belief is a branch of international institution. Statement of the problem Should the ASEAN China free trade field of operation agreement benefit the people and the countries themselves? Background of the problem The ASEAN is a trade free trade which consists of 11 part states of Association of Southeast Asian Nations (ASEAN). The agreement was first signed on the 4th of November 2002 in Cambodia. The intention of the agreement was to start a free trade among the eleven countries by 2010. However, the agreement came in to effect on January 1st 2010. The trade area is the third largest in terms of GDP and the larg est of either trade areas in terms of population. The trade area had a nominal GDP of 6 trillion US dollars as at 2008. The combined population of the trade area is approximately 580 million. On the spot of tariffs, the agreement reduced the 90 % of the imported goods to zero. The importers did not have to pay anything for the importation of the goods. The amendment took effect straightaway in China and other six countries in the agreement and the other four countries promised to effect the tariffs by 2015. The goals of the Association are to increase their competitive advantage through production of high quality goods and voidance of tariffs on all imported and exported goods. The other goal is the attraction of more foreign direct enthronement to the association. The administration of the association is handled by the trade authorities and also by the national customs indoors the association. The secretariat of the association has the responsibility of monitoring and ensuri ng that every component complies with the rules and the regulations of the association. The secretariat ensures that there is consistent in the application of the association measures to all the country members of the association. In the dispute resolution, the secretariat of the association is no allowed to settlement any dispute arising between any cardinal member countries. The disputes arising between any two members of the organization are resolved through dispute resolution or through informal means bilaterally. If the two member countries cannot resolve the disputes, they can refer to Senior Economic Officials Meetings (SEOM). The SEOM establishes a panel of arbitrators who helps to resolve the disputes. The member countries can always appeal the decisions made by the panels if member countries feel dissatisfied by the decision. The member country can appeal to the ASEAN Economic Community Council. Statement of the Organizations Interest in the Issue The issue at hand matt ers most because of the following factors. One reason why the free trade area matters the China Government is because it has helped the Chinese Government in exportation and importation of its products. The Chinese Government has also benefited from the reduction of the tariffs for exportation and importation between the member countries. There has also been the transfigure of technological knowledge between the member countries. The China Government has also benefited from the importation of goods from New Zealand. The excreta of ta