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Additional Annexes

2010-Protocol-to-Implement-the-Eighth-Package-of-Commitments-under-the-ASEAN-Framework-Agreement-on-Services-Annex-1.zip

Summary Information
Full Title

2019 Protocol to Implement the Eighth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Financial Services

CIL Subject Classification
Date of Adoption 05/04/2019
Place of Adoption Chiang Rai, Thailand, 5th ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM)
Issued/Adopted by Finance Ministers of ASEAN
Dispute settlement provisions

Paragraph 2:

“This Protocol and its Annexes shall form an integral part of the [1995] AFAS.”

Article VII ‘Settlement of Disputes’ of the 1995 ASEAN Framework Agreement on Services:

“1. The [1996] Protocol on Dispute Settlement Mechanism for ASEAN shall generally be referred to and applied with respect to any disputes arising from, or any differences between Member States concerning the interpretation or application of, this Framework Agreement or any arrangements arising therefrom.

2. A specific dispute settlement mechanism may be established for the purposes of this Framework Agreement which shall form an integral part of this Framework Agreement.”

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.

Depository

Secretary-General of ASEAN

Annexes

Schedules of Specific Commitments

Entry Into Force Status In Force
Source

Document Text

Date of Entry into Force

02/10/2019

Entry into Force / Termination Provisions

“6. This Protocol and its 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 ASEAN Finance Ministers’ Meeting (AFMM) by the Secretary-General of ASEAN in coordination with the participating Member States.

7. Each Member State undertakes to complete its internal procedures of ratification or acceptance for the entry into force of this Protocol and its Annexes.

9. (1) Where a Member State is unable to complete its internal procedures for the entry into force of this. Protocol and its Annexes within one hundred and eighty (180) days from the date of its signing, the rights and obligations of that Member State under this Protocol and its Annexes shall commence on the first day following the date on which notification was made under paragraph 8.

(2) Where a participating Member State is unable to complete its internal procedures for the entry into force of the subsequent commitments made in accordance with paragraph 5 within one hundred and eighty (180) days after the date upon which its subsequent commitments are notified in writing to the AFMM, the rights and obligations of that participating Member State under the subsequent commitments shall commence on the first day following the date on which notification was made under paragraph 8. “

Status
ASEAN States
Brunei Darussalam
Cambodia
Indonesia
Lao PDR
Malaysia
Myanmar
Philippines
Singapore
Thailand
Viet Nam
Related Instruments
Protocols / Amendments to this instrument

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

2002 Protocol to Implement the Second Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

2005 Protocol to Implement the Third Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

2008 Protocol to Implement the Fourth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

2011 Protocol to Implement the Fifth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

2015 Protocol to Implement the Sixth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services

2016 Protocol to Implement the Seventh Package of Commitments on Financial Services Under the ASEAN Framework Agreement on Services

Related Instruments

WTO General Agreement on Trade in Services

External Links
Prepared By CY On 10/10/2019