Supplementary Agreement Draft

On 12 april, 2021

CONSIDERING, Brunei Darussalam has since signed the basic agreement on ASEAN industrial joint ventures (BAAIJV) and the additional agreement to BAAIJV; and IN WITNESS WHEREOF, which duly approved the signatures by their respective governments, signed this additional agreement. (1) At least fifty per cent (50%) The preferential margins preferred to Article 1, paragraph 7, and Article III, paragraph 1, of the agreement are amended to at least 75% (75%) Tariff preferences. The amended text of Article I, paragraph 7, and Article III, paragraph 1, of the agreement is as follows: 2. This additional agreement enters into force on the date it receives the agreement of the contracting parties. CONSIDERING that Article V, paragraph 3, provides that treaty changes can be made to the agreement; and DONE in English in Singapore – this sixteenth June 1987. – (1) If an application to manufacture an AIJV product has been approved by a participating country and COIME has been properly informed, all participating countries extend a minimum margin of preference of 75% (75%) AIJV product within 90 (90) days after its commercial production. CONSIDERING that the governments of the Republic of Indonesia, Malaysia, the Republic of the Philippines, the Republic of Singapore and the Kingdom of Thailand signed the ASEAN Industrial Joint Venture Agreement (BAAIJV) on 7 November 1983; and ”7. Approval of the final list by the MEA involves the prior commitment of at least 75% (75%) to prolong. Tariff preferences for AIJV products covered by Article III, paragraphs 1 and 6, of AIJV products.” The parties intend to make some changes to the agreement.

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