12 Sep 2008 09:37 AM
ASEAN Industrial Cooperation Scheme (AICO)
ASEAN Industrial Cooperation (AICO) Scheme continues to be one of the initiatives to promote resource sharing among ASEAN-based companies, through industrial cooperation. Companies exporting under the AICO Scheme are exempted from import duty and able to enjoy full liberalisation of tariff rate earlier.
A total of  AICO applications have been approved within ASEAN amounting to [US$1,802 million] in 2007. Of these, [128 approvals were related to the automotive sector, namely exchange of 180 automotive completely knocked-down (CKD) packs, with 108 approvals, automotive components (18) and automotive CBU with two approvals.]
For Malaysia, a total of  projects, valued at [US$781.2] million have been approved in 2007 in various sectors including [automotive, agriculture, food processing and E&E sectors.] To date, Malaysia has a total of  AICO arrangements with Thailand, followed by Indonesia , the Philippines  and Viet Nam .
ASEAN-Mekong Basin Development Cooperation (AMBDC)
ASEAN Investment Area (AIA)