ASEAN has done well in tariff reductions. Tariffs still exist on sensitive goods (such as rice), but that is not uncommon
with FTAs in general. As measures of progress, ASEAN’s simple average tariff rate (inclusive of sensitive goods) stands
at 0.05%, which is comparable to NAFTA’s 0.03%. Fully 99.1% of all tariff lines are zero rated for the ASEAN 6 and
CLMV is at 67.6% on the same basis.