ASEAN-China Free-Trade Area

Description: ASEAN-China Free-Trade Area

The Association of Southeast Asian Nations (ASEAN)-China Free-Trade Area is the third largest Free-Trade Area in the World.

The ASEAN-China Free-Trade Area includes a market of 1.9 billion people with a combined gross domestic product of 6 trillion dollars and a total trade volume of 4.3 trillion dollars.

1. 1.9 billion population, 30% of the World's population
2. Total trade 1.2 trillion dollars
3. Foreign trade volume increases by 38.9% every year
4. Foreign trade volume: 105.9 billion dollars
5. Import and export will be estimated to increase by 50%
6. Five ASEAN Countries are the top twenty trade partners of the People's Republic of China.

The Association of Southeast Asian Nations (ASEAN) and the People's Republic of China had agreed to cooperate on agriculture, information and communication technology (IT), human development, Mekong Basin development, Foreign direct investment (FDI), foreign trade, energy, international transport, culture, public health, tourism, and environment.

Foreign trade and economic links between the Association of Southeast Asian Nations and the People's Republic of China has been growing fast over the past years, especially after the signing of the Framework Agreement on Exhaustive Economic Cooperation in November 2002 to establish the ASEAN-China Free-Trade Area.

The ASEAN-China Free-Trade Area was completed in 2010 as near 97% of the export products classified by ASEAN-6 (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore, and Thailand) and China in the Normal Track have been eliminated.

Cambodia, Laos, Myanmar, and Vietnam has completely implement the ASEAN-China Free-Trade Area on 1 January 2015.

Chinese Free Trade Agreements (FTA): Singapore, Pakistan, New Zealand, Peru, Costa Rica, Chile, APEC, Shanghai Cooperation Organisation, Asia-Pacific Trade Agreement, European Union, Andean Community...

Bangladesh-China-India-Myanmar Economic Corridor

ASEAN Free Trade Agreements (FTA): ASEAN Free-Trade Area (AFTA), Indonesia-Malaysia-Thailand Growth Triangle, Mekong Economic Cooperation Strategy, East ASEAN Growth Area, Canada, Australia-New Zealand, India, European Union, South Korea, Russia, United States, Pakistan, Japan...

Singaporean Free Trade Agreements: Indian-Ocean Rim Association, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Australia, China, Jordan, India, Japan, Korea, New Zealand, Panama, Peru, EFTA, United States...

Transport Corridors:

1. East-West Economic Corridor (Myanmar-Thailand-Laos-Vietnam)
2. Nanning-Singapore Economic Corridor
   1. Pan-Beibu Gulf Economic Zone