The database grouped reserves into three categories: (1) ASEAN countries, (2) sector that applies to liberalization under the CFIA, and (3) level of government for which the reserve applies. Users must select an entry for each category before clicking the «Search» button. The sectors covered by CFIA liberalization are manufacturing, agriculture, fishing, forestry, mining and mining, as well as those that are not important to these sectors. The «All Sectors» research reflects member states` reservations, which apply horizontally to all sectors cited. The search for bookings in the various areas mentioned above should be supplemented by a search for bookings in the «All Sectors» category. Under the CFIA, each Member State must allow all transfers related to an investment covered in a currency freely usable at the market exchange rate in force at the time of the transfer to be made freely and without delay on its territory and at the departure of it. Transfers may include: For a quick search of bookings from ASEAN countries, use the CFIA database below. Another important function of the CFIA is the equal treatment of ASEAN investors and their investments. The principles of national treatment and the most favoured nation of the agreement oblige ASEAN Member States not to discriminate and treat ASEAN investors less favourably than their domestic or foreign competitors. As part of the national treatment, an ASEAN country undertakes not to treat investors in any ASEAN country less favourably than it would deal with when admitting, creating, resuming, expanding, managing, implementing, exploiting and selling investments in its territory. Within the most favoured nation, all ASEAN investors must be treated equally, including investors from non-ASEAN countries.
In addition, Member States cannot impose any specific nationality requirement on management unless there is an officially published reserve and, where a Member State requires that the board of directors of a foreign company be a national or resident, this cannot affect the investor`s ability to control his investment. The CFIA also does not guarantee performance requirements and cannot set conditions such as local minimum content, export requirements or commercial compensation requirements. Another cfIA`s guiding principle is to improve the transparency and predictability of investment rules, rules and procedures that lead to increased investment. These include investor-state dispute resolution mechanisms (IDRS) and the promotion of alternative dispute resolution methods. ASEAN investors can resolve disputes through the use of national courts, international arbitration, including ICSID, UNCITRAL and other agreed rules, as well as other dispute resolution methods: mediation, conciliation, consultation and negotiation. A major investor must prove that he or she has suffered a loss or injury as a result of the breach of CFIA obligations in relation to the management, conduct, operation or sale or other disposal of a covered investment. In the event of disagreement over the CFIA`s interpretation, all parties must use the current ASEAN dispute resolution mechanism as part of the ASEAN Protocol on the Enhanced Dispute Resolution Mechanism. One of the four main objectives of the next ASEAN Economic Community is to become an internal market and a production base with five key elements: the free movement of goods, services, investment and labour and the free movement of capital.