ASEAN
Framework Agreement on Services (AFAS)
AFAS is aimed at substantially eliminating restrictions
to trade in trade in services among ASEAN countries in order
to improve the efficiency and competitiveness of ASEAN services
suppliers.
AFAS provides the broad guidelines for ASEAN Member Countries to progressively
improve Market Access and ensure equal National Treatment for services suppliers
among ASEAN countries in all four modes of services supply:
- Mode 1 (Cross-Border Supply)
- Mode 2 (Consumption Abroad)
- Mode 3 (Commercial Presence
- Mode 4 (Movement of Natural Persons
Malaysia’s offer under Mode 3-Commercial Presence
is as
follows:
The above notwithstanding, Malaysia has announced the
acceleration of the liberalization of the services under
Mode 3 (100% foreign equity) for 27 sub-sectors as listed
below. |
