1.       The AFTA Council for the implementation of CEPT held its second meeting in Manila on 23 October 1992.

2.       The meeting was attended by H.E. Pehin Dato' Abdul Rahman Taib, Minister of Industry and Primary Resources, Brunei Darussalam; H.E. Mr. Tungki Ariwibowo, Junior Minister of Industry, Indonesia; H.E. Dato' Seri Rafidah Aziz, Minister of International Trade and Industry, Malaysia; H.E. Mr. Rizalino S. Navarro, Secretary of Trade and Industry, Philippines; H.E. Mr. Lim Boon Heng, Senior Minister of State for Trade and Industry, Singapore; H.E. Mr. Supachai Panitchpakdi, Deputy Prime Minister, Thailand; and H.E. Mr. Rusli Noor, Secretary-General of the ASEAN Secretariat.

3.         The Interim Chairman, Dato Seri Rafidah Aziz opened the meeting and made reference to the launching of the AFTA Council in Bangkok, Thailand, September 11, 1992.  She then transferred the Chairmanship to H.E. Mr. Rizalino S. Navarro, Secretary of Trade and Industry, Philippines,

4.         The Meeting adopted the Terms of Reference of the AFTA Council.

5.         The Meeting discussed the status of preparation for the implementation of the CEPT agreement on 1 January 1993.

6.         The Meeting agreed to meet on 11-12 December 1992 in Jakarta.  The Senior Economic Officials Meeting (SEOM) shall be convened before the AFTA Council Meeting.