Final answer:
To expedite and fully realize the implementation of the ASEAN Free Trade Area (AFTA), promoting trade liberalization, enhancing regional cooperation, and addressing challenges are key steps.
Step-by-step explanation:
ASEAN Free Trade Area (AFTA) is an agreement among the member countries of the Association of Southeast Asian Nations (ASEAN) to reduce trade barriers and promote regional economic integration. To expedite and fully realize the implementation of AFTA, the following steps can be taken:
- Promote trade liberalization: Implementing further reductions in tariffs and non-tariff barriers to allow for freer flow of goods, services, and investments among member countries. This can be achieved through negotiations and agreements.
- Enhance regional cooperation: Strengthen collaboration among ASEAN countries in areas such as customs procedures, intellectual property rights, standards and technical regulations, and trade facilitation. This can improve efficiency and facilitate trade within the region.
- Address challenges: Identify and overcome challenges that may hinder the full realization of AFTA, such as addressing the development gaps among member countries, ensuring compliance with trade agreements, and addressing the concerns of industries that may be adversely affected.