1. Benefits of the ASEAN Investment Agreement
The ASEAN Comprehensive Investment Agreement, or simply known as ACIA, aims to create a free and an open investment environment through the consolidation and expansion of existing agreements between the ASEAN member countries (ACIA Business Guide, 2013). This was reflected in the signing in 1987 of the ASEAN Agreement for the Promotion and Protection of Investments (AAPPI or IGA) that desires to create a favorable conditions for investments, and in 1998 of the Framework Agreement on the ASEAN Investment Area (AIA) envisions a region with a free flow of investment, which established basic princ...
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