ASEAN Investment Area
ASEAN Investment Area: AIA. Entered into force on 21 June 1999 and amended on 14 September 2001. It aims to establish a liberalized, transparent, competitive and dynamic environment for investment flows among ASEAN members. The AIA covers all direct investments other than portfolio investments and investment matters already covered by other ASEAN agreements. In principle, members give each other national treatment, except for investment in industries inscribed in the temporary exclusion lists, sensitive lists and general exceptions. Items included in the temporary exclusion lists will be opened to ASEAN members by 2003. Services are covered to the extent that they are incidental to manufacturing, agriculture, forestry, fisheries and mining and quarrying. See also AFTA.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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