The Asean Free Trade Agreement Was Conceptualized in Which Year

The ASEAN Free Trade Agreement, commonly abbreviated as AFTA, is a regional trade agreement among the member countries of the Association of Southeast Asian Nations (ASEAN). It aims to establish a free trade area among the ASEAN member states, reduce trade barriers, and promote economic cooperation and integration in the region.

The concept of AFTA was first introduced in 1991, during the 4th ASEAN Summit held in Singapore. The leaders of the ASEAN member states agreed to create a regional free trade area by 2003, with the end goal of establishing a single market and production base in Southeast Asia.

The framework agreement for AFTA was signed in 1992, and the implementation of the agreement began in phases starting in 1993. The first phase of AFTA involved the reduction of tariffs on intraregional trade for the original ASEAN members: Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand.

In 1995, three more countries joined ASEAN: Vietnam, Laos, and Myanmar. They were given a longer timeframe to implement AFTA, with their own deadlines for tariff reduction. Cambodia joined ASEAN in 1999 and was also given an extended deadline.

By 2015, all ASEAN member states had implemented AFTA, with some exceptions for sensitive products and sectors. AFTA has been credited with boosting trade and investment in the region, as well as improving ASEAN`s negotiating position in global trade talks.

In conclusion, the ASEAN Free Trade Agreement was conceptualized in 1991 during the 4th ASEAN Summit held in Singapore. The framework agreement was signed in 1992 and implementation began in phases starting in 1993. By 2015, all ASEAN member states had implemented AFTA. The agreement has been seen as a success in promoting regional economic cooperation and integration.

Format of Contract Agreement with Employee

When hiring a new employee, it`s important to establish expectations and responsibilities to ensure a successful working relationship. One way to do this is through a contract agreement. A contract agreement outlines the terms and conditions of employment, including job duties, compensation, and benefits. In this article, we`ll cover the format of a contract agreement with an employee, as well as some important clauses to include.

Format of a Contract Agreement

A contract agreement should be typed and printed on company letterhead, and signed by both the employer and employee. The format should include the following sections:

1. Introduction: This section should include the names and addresses of both the employer and employee, as well as the date of the agreement. It should also state the position for which the employee is being hired.

2. Term of Employment: This section should specify the length of the employment period. It can range from a few months to several years, depending on the nature of the job.

3. Job Duties: This section should outline the specific duties and responsibilities of the employee. It should be as detailed as possible to avoid any confusion or misunderstandings later on.

4. Compensation: This section should specify the amount and frequency of payment, as well as any bonuses or other incentives. It should also include information about overtime pay and reimbursement for expenses.

5. Benefits: This section should outline any benefits the employee is entitled to, such as health insurance, retirement plans, and paid time off. It should also specify the amount of sick leave and vacation time allotted to the employee.

6. Termination: This section should outline the circumstances under which the employer or employee may terminate the agreement. It should also explain the notice period required for termination.

7. Confidentiality: This section should outline the employee`s obligation to maintain confidentiality regarding the company`s trade secrets, confidential information, and intellectual property.

8. Non-compete clause: This section should specify any restrictions on the employee`s ability to work for a competitor, either during or after employment with the company.

9. Governing Law: This section should specify the governing law that will apply to the agreement, should any legal disputes arise.

Conclusion

A contract agreement with an employee is an important document that sets out the terms and conditions of employment. By following the format outlined above and including important clauses, you can ensure a successful working relationship with your new employee. Remember to review the agreement with legal counsel before presenting it to the employee for signature.

Rental Agreement in Tamil Doc Download

If you are looking for a rental agreement in Tamil to download, then you have come to the right place. A rental agreement is a legal document that outlines the terms and conditions of the rental agreement between a landlord and a tenant. It is a crucial document that protects both parties and ensures smooth tenancy.

To download a rental agreement in Tamil, you can search online for various legal forms websites and document templates. It is important to note that the rental agreement should be legally binding and compliant with local laws and regulations. Therefore, it is recommended to consult a legal professional before finalizing and signing a rental agreement.

Before downloading a rental agreement, it is important to understand the key elements that should be included in the document. Here are some of the essential components:

1. Tenant and landlord information: The rental agreement should clearly state the names and contact details of both parties.

2. Premises description: The rental agreement should provide a detailed description of the rental property, including its address, size, and condition.

3. Rent and security deposit: The rental agreement should specify the rent amount and the security deposit required to be paid by the tenant.

4. Tenancy term: The rental agreement should state the term of the tenancy, including the start and end date.

5. Maintenance and repairs: The rental agreement should outline the responsibilities of each party regarding maintenance and repair of the rental property.

6. Termination: The rental agreement should specify the conditions under which the tenancy can be terminated, including notice periods and reasons for termination.

7. Legal provisions: The rental agreement should include legal provisions that protect both parties and comply with local laws and regulations.

In conclusion, a rental agreement is a crucial document for any landlord-tenant relationship. If you are looking for a rental agreement in Tamil to download, make sure to include all the essential components and consult a legal professional for advice.