What does ACTD mean in UNCLASSIFIED
ASEAN Common Technical Documents (ACTD) are required for facilitating trade between the 10 countries of the Association of Southeast Asian Nations (ASEAN). The use of a harmonized set of documents helps simplify and streamline import/export processes within the region. ACTDs are acceptable across all ASEAN countries and must be included when trading with those countries.
ACTD meaning in Unclassified in Miscellaneous
ACTD mostly used in an acronym Unclassified in Category Miscellaneous that means ASEAN Common Technical Documents
Shorthand: ACTD,
Full Form: ASEAN Common Technical Documents
For more information of "ASEAN Common Technical Documents", see the section below.
Essential Questions and Answers on ASEAN Common Technical Documents in "MISCELLANEOUS»UNFILED"
What is ASEAN Common Technical Documents?
ASEAN Common Technical Documents (ACTDs) are standards for import/export processes in the ASEAN region that help to facilitate trade between the 10 member countries. They include guidelines on product labelling, certification, testing and inspection requirements.
What is contained in an ACTD?
An ACTD contains details such as product description, name & address of manufacturer/importer/exporter, quantity & weight of goods, customs tariff numbers, origin declarations, etc.
When is an ACTD required?
An ACTD is required when importing or exporting goods between any two member nations of the ASEAN bloc. It must also be presented at Customs clearance points throughout the journey.
Who is responsible for ensuring compliance with an ACTD?
Both importers and exporters need to ensure that their supply chains comply with all applicable ACTDs before engaging in any kind of trade within or outside of the ASEAN region. The responsibility for ensuring compliance lies primarily with the parties involved in a transaction.
What are some consequences if I do not comply with an ACTD?
If you fail to comply with applicable ACTDs, you may face fines or other legal penalties imposed by government authorities and Customs agencies in each country you are trading with. Additionally, non-conforming shipments may be held up significantly by regulatory agencies causing delays in delivery times and higher costs to fulfill orders.
Final Words:
The successful implementation of ASEAN Common Technical Documents has greatly simplfied trade between member nations of this important regional bloc and encouraged greater cooperation among them on issues related to importing/exporting goods around Asia. Businesses should familiarize themselves thoroughly with every applicable standard prior to engaging in any types of transactions within or outside of the region so as to ensure maximum efficiency and minimal delays caused by regulatory agencies.
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