English | 中文版 |  Русский

Breaking News:

Trade Agreements

editor picks 

Trade Agreements

View All

ASEAN - China Free Trade Area

Area of Cooperation

Consumer and Industrial Products, Agriculture

Sign Date

January 1, 2004

In Force Date

December 31, 1969

Summary

The ASEAN - China Free Trade Agreement will apply in an area involving 1.7 billion consumers, making it the world's largest trading area. The agreement currently establishes a zero-tariff market. The agreement now contains trade in goods, services and dispute settlement. Investment is still under negotiation.

Scope

                                                               i.      Country - Bloc

 
Rules of Origin

                                                               i.      Change in tariff classification is not an option

                                                             ii.      Minimum content: 40%

                                                            iii.      No specific manufacturing process required

 
Contingency

                                                               i.      Anti - Dumping : Follow WTO principles

                                                             ii.      Countervailing Duties : Follow WTO principles

                                                            iii.      Safeguards : Follow WTO, allowed within 5 years of liberalization for up to 3 (plus one-year extension)

 
News/Studies

                                                               i.      “The Economic Benefit to ASEAN of the ASEAN-China Free Trade Area”                                            http://www.aseansec.org/17310.htm

                                                             ii.      “China-ASEAN Free Trade Area: Origins, Developments and Strategic Motivations”                                                    http://www.iseas.edu.sg/ipsi12003.pdf

                                                            iii.      “Foreign Direct Investments to China and Southeast Asia: Has ASEAN Been Losing Out”                                       http://unpan1.un.org/intradoc/groups/public/documents/APCITY/UNPAN010347.pdf

                                                           iv.      “ASEAN-China Economic Relationships and Co-operation in Trade and Investment: Patterns and Potential”              http://www.aseansec.org/3003.htm

                                                             v.      “Forging Closer ASEAN-China Economic Relations in the Twenty-First Century”                                       http://www.aseansec.org/newdata/asean_chi.pdf

                                                           vi.      China approves new free-trade harbor to boost trade with ASEAN”                                                 http://english.people.com.cn/90001/90776/6281242.html

                                                          vii.      “Good China-ASEAN ties to facilitate integration of East Asia    http://www.chinadaily.com.cn/bizchina/2007-10/04/content_6152767.htm

                                                        viii.      China, ASEAN move closer to free trade”             
http://www.abs-cbnnews.com/storypage.aspx?StoryId=63168

                                                           ix.      “Trade rising, but hurdles remain”                    
http://www.chinadaily.com.cn/bizchina/2007-08/08/content_6016917.htm

 
Additional Links

                                                               i.      International Economics: Regional Trade Agreements”           http://intl.econ.cuhk.edu.hk/rta/index.php?did=21

                                                             ii.      Association of Southeast Asian Nations http://www.aseansec.org/

                                                            iii.      “ASEAN – People’s Republic of China           http://www.aseansec.org/4979.htm

                                                           iv.      “The ASEAN – China Free Trade Area”           http://dfa.gov.ph/archive/speech/ople/horizon/asean.htm

                                                             v.      “Ministry of Foreign Affairs of the People’s Republic of China: ‘China and ASEAN: partnership of good neighborliness and mutual trust’”                     
 
http://www.fmprc.gov.cn/eng/ziliao/3602/3604/t18034.htm

                                                           vi.      “Singapore FTA Network: About ACFTA”       http://www.iesingapore.gov.sg/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4g3CzMASYGY5oFm-pFoYo4YImah3phiIWEIMV-P_NxU_SB9b_0A_YLc0NDQiHJHAMY1HA4!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzBfN1FC