Download | |
Additional Annexes | |
Summary Information | |
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Full Title |
2016 Protocol to Implement the Seventh Package of Commitments on Financial Services Under the ASEAN Framework Agreement on Services |
Short Title / Abbreviations |
ASEAN 7th Package on FInancial Services/AFAS FS 7 |
CIL Subject Classification | |
Date of Adoption | 23/06/2016 |
Place of Adoption | Ha Noi, Viet Nam |
Issued/Adopted by | Finance Ministers of ASEAN |
Dispute settlement provisions |
This Protocol is one of the ‘Covered Agreements’ pursuant to Article 1.1 of the 2019 ASEAN Protocol on Enhanced Dispute Settlement Mechanism read together with its Appendix 1. The 2019 Protocol will only apply with respect to new requests for consultations made on or after its entry into force (20 June 2022).
Paragraph 2: “This Protocol and its Annexes shall form an integral part of the [1995] ASEAN Framework Agreement on Services.” Article VII ‘Settlement of Disputes’ of the 1995 ASEAN Framework Agreement on Services:
The 1995 ASEAN Framework Agreement on Services is also one of the “Covered Agreements’ pursuant to Article 1.1 of the 2004 ASEAN Protocol on Enhanced Dispute Settlement Mechanism read together with its Appendix I. The 2004 Protocol will only apply with respect to disputes that arose after its entry into force (29 November 2004). |
Depository |
Secretary-General of ASEAN |
Annexes |
Brunei Darussalam:
Cambodia:
Indonesia:
Lao PDR:
Malaysia:
Myanmar:
Philippines:
Singapore:
Thailand:
Viet Nam:
|
Entry Into Force Status | In Force |
Source |
ASEAN Secretariat |
Date of Entry into Force |
20/12/2016 |
Entry into Force / Termination Provisions |
Paragraph 6: “This Protocol and the commitments set out in the Annexes shall enter into force one hundred and eighty (180) days after the date of its signing. Subsequent commitments made in accordance with paragraph 5 shall enter into force one hundred and eighty (180) days after the date such commitments are notified in writing to the AFMM.” |
Status | |
ASEAN States | (Source: as of 12/12/2022) |
Brunei Darussalam |
Signature 23/06/2016 Ratification 01/02/2017 |
Cambodia |
Signature 23/06/2016 Acceptance 18/12/2017 |
Indonesia |
Signature 23/06/2016 |
Lao PDR |
Signature 23/06/2016 Acceptance 07/12/2016 |
Malaysia |
Signature 23/06/2016 Ratification 19/05/2017 |
Myanmar |
Signature 23/06/2016 Ratification 03/08/2017 |
Philippines |
Signature 23/06/2016 Ratification 08/06/2017 |
Singapore |
Signature 23/06/2016 Ratification 28/10/2016 |
Thailand |
Signature 23/06/2016 Ratification 17/11/2016 |
Vietnam |
Signature 23/06/2016 Acceptance 10/03/2017 |
Related Instruments | |
Protocols / Amendments to this instrument | |
This instrument amends/supersedes |
1995 ASEAN Framework Agreement on Services The first Package of Commitments on Financial Services was made in the 1998 Protocol to Implement the Second Package of Commitments under the ASEAN Framework Agreement on Services |
Related Instruments |
WTO General Agreement on Trade in Services |
External Links |
ASEAN Secretariat accessed on 12/12/2022 |