Benefits from AFTA
- The elimination of tariffs should result in product price reductions throughout ASEAN.
- Encouraging higher market competition.
- Consumers will benefit from cheaper prices of goods given lower tariffs on a host of raw materials used by the region's producers.
- Some of processing factories are expected to enjoy cheaper imported raw materials in the face of the tariff elimination, cutting their production costs.
- The export and investment sectors will generate higher potential in the long term.