Download this eBook to explore:
The difference between bilateral and multilateral FTAs
Competitive advantages of ASEAN free trade
Complexities sprouting from AFTAs
The unique procedures of Asian FTAs
Significant benefits of global trade management software
Fifteen years of increased emphasis on bilateral free trade agreements by Asian governments has resulted in what many economists refer to as the “noodle bowl problem.” Opposed to creating an integrated set of trade rules, the Asian region is complicated by dozens of inconsistent bilateral agreements.
In light of the noodle bowl problem, it is ever more challenging to manage compliance requirements and to take full advantage of FTAs within the Asian region. An increasing number of companies have turned to Global Trade Management (GTM) solutions to provide the deep expertise required to meet the mandates of Asian bilateral and multilateral agreements.