The China-ASEAN Free Trade Agreement 3.0 has been signed, introducing significant changes to rules of origin compared to previous versions. The new framework adopts more flexible cumulation standards and expands the scope of products eligible for preferential treatment.
Key highlights: 1) Cumulation extends from bilateral to regional value chain accumulation; 2) Product-specific rules (PSR) coverage exceeds 90%; 3) Increased flexibility in de minimis provisions and direct transport rules.
Companies exporting to ASEAN countries should review the new rules and apply for updated certificates of origin to benefit from tariff preferences.