The ASEAN Comprehensive Investment Agreement (ACIA) was signed by ASEAN Ministers on 26th of February 2009. ACIA is the result of a consolidation and revision of two ASEAN Investment Agreements: the 1987 ASEAN Agreement for the Promotion and Protection of Investments (also known as the ASEAN Investment Guarantee Agreement or ASEAN IGA) and the 1998 Framework Agreement on the ASEAN Investment Area (commonly known as “AIA Agreement”), as well as the related Protocols.
The objective of merging these two agreements was in response to the more competitive global environment and with a view towards enhancing ASEAN’s attractiveness as an investment destination, creating a free and open investment regime and meeting economic integration goals. ACIA represents a comprehensive investment agreement covering Manufacturing, Agriculture, Fishery, Forestry, Mining and Quarrying, and Services incidental to these five sectors.
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