ASEAN–China Free Trade Area

ASEAN–China Free Trade Area
  ASEAN–China Free Trade Area

Mantap Gan!! The ASEAN–China Free Trade Area (ACFTA), also known as the China–ASEAN Free Trade Area (simplified Chinese: 中国―东盟自由贸易区; traditional Chinese: 中國─東盟自由貿易區; pinyin: Zhōngguó dōngméng zìyóu màoyì qū, Indonesian: Kawasan Perdagangan Bebas ASEAN-Cina, Vietnamese: Khu vực mậu dịch tự do Trung Quốc – ASEAN) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China. The initial framework agreement was signed on 4 November 2002 in Phnom Penh, Cambodia, with the intent on establishing a free trade area among the eleven nations by 2010.[1][2] The free trade area came into effect on 1 January 2010.[3][4] The ASEAN–China Free Trade Area is the largest free trade area in terms of population and third largest in terms of nominal GDP.[5][6]

Contents

Signatories

ASEAN members and the People's Republic of China had a combined nominal gross domestic product of approximately US$6 trillion in 2008.[7][8] The free trade area had the third largest trade volume after the European Economic Area and the North American Free Trade Area.[6]

Flag Country Capital Area (km2) Population
(2008 unless noted)		 GDP (nominal)
(bln USD, 2008, IMF)		 Currency Official languages
Brunei Brunei Darussalam Bandar Seri Begawan 5,765 490,000
 19.7 dollar Malay
Myanmar Burma (Myanmar) Naypyidaw 676,578 50,020,000 26.2 kyat Burmese
Cambodia Cambodia Phnom Penh 181,035 13,388,910 11.3 riel Khmer
Indonesia Indonesia Jakarta 1,904,569 230,130,000 511.8 rupiah Indonesian
Laos Laos Vientiane 236,800 6,320,000 5.4 kip Lao
Malaysia Malaysia Kuala Lumpur 329,847 28,200,000 221.6 ringgit Malay
Philippines Philippines Manila 300,000 92,226,600
(2007)		 166.9 peso Filipino, English
Singapore Singapore Singapore 707.1 4,839,400
(2007)		 181.9 dollar Malay, Mandarin (Huayu), English, Tamil
Thailand Thailand Bangkok 513,115 63,389,730
(2003)		 273.3 baht Thai
Vietnam Vietnam Hanoi 331,690 88,069,000 89.8 đồng Vietnamese
China People's Republic of China Beijing 9,640,821 1,338,612,968
(2009)		 4,327.4 renminbi Mandarin (Putonghua)

ASEAN

See also: ASEAN Free Trade Area

Members of ASEAN have a combined population of more than 580 million.

Indonesia accounts for more than 40 percent of the region's population, and its people have voiced the greatest amount of opposition to the agreement.[9][10] Several days following the implementation of the free trade area, it announced plans to renegotiate tariffs on 228 product categories. In exchange, Indonesia would accelerate implementation of the agreement on 153 categories.[11]

People's Republic of China

See also: Economy of the People's Republic of China

China first proposed the idea of a free trade area in November 2000.[12][13] It had overtaken the United States as the third largest trading partner of ASEAN, after Japan and the European Union, when the free trade area came into effect.[14] Between 2003 and 2008, trade with ASEAN grew from US$59.6 billion to US$192.5 billion.[6] China is also the world's largest exporter.

Framework agreement

The framework agreement was signed on 4 November 2002 in Phnom Penh by eleven heads of government.[1]

Amendments

Amendments for the framework of the free trade area mostly concerned Vietnam. These amendments were designed to assist Vietnam lower tariffs and put forth dates as guidelines.[15]

Tariffs

The free trade agreement reduced tariffs on 7,881 product categories, or 90 percent of imported goods, to zero.[16] This reduction took effect in China and the six original members of ASEAN: Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. The remaining four countries will follow suit in 2015.[17][18] The average tariff rate on Chinese goods sold in ASEAN countries decreased from 12.8 to 0.6 percent on 1 January 2010 pending implementation of the free trade area by the remaining ASEAN members. Meanwhile, the average tariff rate on ASEAN goods sold in China decreased from 9.8 to 0.1 percent.[10]

The six original ASEAN members also reduced tariffs on 99.11 percent of goods traded among them to zero.[19][20]

See also

References

  1. ^ a b "Framework Agreement on Comprehensive Economic Co-Operation Between ASEAN and the People's Republic of China". ASEAN. 5 November 2002. http://www.aseansec.org/13196.htm. Retrieved 1 January 2010. 
  2. ^ de Castro, Isagani (6 November 2002). "'Big brother' China woos ASEAN". Asia Times Online. http://www.atimes.com/atimes/Southeast_Asia/DK06Ae02.html. Retrieved 1 January 2010. 
  3. ^ "China-Asean Trade Deal Begins Today". Jakarta Globe. Bloomberg. 1 January 2010. http://thejakartaglobe.com/home/china-asean-trade-deal-begins-today/350274. Retrieved 1 January 2010. 
  4. ^ Chan, Fiona (31 December 2009). "Asean-China FTA to kick off". The Straits Times. http://www.straitstimes.com/BreakingNews/Asia/Story/STIStory_472142.html. Retrieved 1 January 2010. 
  5. ^ Walker, Andrew (1 January 2010). "China and Asean free trade deal begins". BBC News. http://news.bbc.co.uk/2/hi/business/8436772.stm. Retrieved 1 January 2010. 
  6. ^ a b c Gooch, Liz (31 December 2009). "Asia Free-Trade Zone Raises Hopes, and Some Fears About China". The New York Times. http://www.nytimes.com/2010/01/01/business/global/01trade.html. Retrieved 1 January 2010. 
  7. ^ equivalent to US$11.4 trillion by PPP in 2008
  8. ^ Brown, Kevin (1 January 2010). "Biggest regional trade deal unveiled". Financial Times. http://www.ft.com/cms/s/0/823707e4-f6f1-11de-9fb5-00144feab49a.html. Retrieved 1 January 2010. 
  9. ^ Ten Kate, Daniel (1 January 2010). "Free-trade agreement between China, ASEAN grouping comes into force". The China Post. Bloomberg. http://www.chinapost.com.tw/business/asia/asian-market/2010/01/01/238917/Free-trade-agreement.htm. Retrieved 1 January 2010. 
  10. ^ a b Coates, Stephen (31 December 2009). "ASEAN-China open free trade area". Agence France-Presse. Archived from the original on 1 January 2010. http://www.webcitation.org/5mSredK9W. Retrieved 1 January 2010. 
  11. ^ Rosendar, Yessar; Ariffahmi, Dian (4 January 2010). "Indonesia Notifies Asean of Plan To Renegotiate China FTA". Jakarta Globe. http://thejakartaglobe.com/home/indonesia-notifies-asean-of-plan-to-renegotiate-china-fta/350798. Retrieved 4 January 2010. 
  12. ^ Richardson, Michael (27 November 2000). "Asian Leaders Cautious on Forging New Regional Partnerships". The New York Times. http://www.nytimes.com/2000/11/27/business/worldbusiness/27iht-ASEAN.2.T.html. Retrieved 3 January 2010. [dead link]
  13. ^ Asmoro, Andry (23 December 2009). "ASEAN-China free trade deal: Let's face the music". The Jakarta Post. http://www.thejakartapost.com/news/2009/12/23/aseanchina-free-trade-deal-let%E2%80%99s-face-music.html. Retrieved 1 January 2010. 
  14. ^ Moore, Michael (30 December 2009). "China and South East Asia create huge free trade zone". The Daily Telegraph. http://www.telegraph.co.uk/finance/china-business/6911721/China-and-South-East-Asia-create-huge-free-trade-zone.html. Retrieved 1 January 2010. 
  15. ^ "Protocol to Amend the Framework Agreement on Comprehensive Economic Co-Operation Between the Association of South East Asian Nations and the People's Republic of China". ASEAN. 6 October 2003. http://www.aseansec.org/15157.htm. Retrieved 2 January 2010. 
  16. ^ "ASEAN-6 zero tariffs take effect immediately". The Jakarta Post. 2 January 2010. http://www.thejakartapost.com/news/2010/01/02/asean6-zero-tariffs-take-effect-immediately.html. Retrieved 2 January 2010. 
  17. ^ "China-ASEAN FTA pact set to boost trade volume". China Daily. 30 December 2009. http://www.chinadaily.com.cn/china/2009-12/30/content_9244077.htm. Retrieved 1 January 2010. 
  18. ^ Li, Qiaoyi (30 December 2009). "New Year, new ASEAN free trade bloc". Global Times. http://business.globaltimes.cn/china-economy/2009-12/495249.html. Retrieved 1 January 2010. 
  19. ^ Dyer, Ellie; Kunmakara, May (1 January 2010). "With new year, Kingdom joins world's largest FTA". The Phnom Penh Post. http://www.phnompenhpost.com/index.php/2010010130575/Business/with-new-year-kingdom-joins-worlds-largest-fta.html. Retrieved 2 January 2010. 
  20. ^ "Zero tariffs for ASEAN-6 starting". The China Post. 2 January 2010. http://www.chinapost.com.tw/business/asia/asian-market/2010/01/02/239077/Zero-tariffs.htm. Retrieved 2 January 2010. 

External links

v · d · eChina Trade agreements involving the People's Republic of China
Existing
Bilateral
New Zealand · Peru · Pakistan · Chile · Thailand · Singapore · Hong Kong SAR CEPA · Macau SAR CEPA · ASEAN · Taiwan ECFA
Pending
Awaiting
implementation
Costa Rica
Proposed
Bilateral
Australia · Norway · Iceland · Switzerland
Multilateral
Under consideration
China-Korea FTA Joint Feasibility Study · China-India Regional Trade Arrangement Joint Feasibility Study
Suspended

Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • ASEAN Free Trade Area — (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries.The AFTA agreement was signed on 28 January 1992 in Singapore. When the AFTA agreement was originally signed,… …   Wikipedia

  • Free Trade Area of the Asia-Pacific Region — The Free Trade Area of the Asia Pacific Region (FTAAP) is a proposed free trade area involving the member nations of the Asia Pacific Economic Cooperation (APEC) organization. Such a free trade area would involve the 21 member nations, including… …   Wikipedia

  • New Zealand–China Free Trade Agreement — The New Zealand – China Free Trade Agreement is a bilateral free trade agreement signed between the People s Republic of China and New Zealand in April 2008. It is the first free trade agreement that China has signed with any developed country,… …   Wikipedia

  • China–Peru Free Trade Agreement — The China–Peru Free Trade Agreement (Spanish: Tratado de Libre Comercio Perú – China) is a bilateral free trade agreement designed to eliminate obstacles to trade and investment between China and Peru. The two sides concluded talks in… …   Wikipedia

  • Área de Libre Comercio ANSA-China — El Área de Libre Comercio ANSA China Inglés: ASEAN–China Free Trade Area (ACFTA), también conocida como China–ASEAN Free Trade Area (Chino simplificado: 中国―东盟自由贸易区; Chino tradicional: 中國─東盟自由貿易區; pinyin: Zhōngguó Dōngméng Zìyóu Màoyì Qū), es una… …   Wikipedia Español

  • List of free trade agreements — This is list of free trade agreements and free trade areas between one or more countries and/or trade blocs. For a list of blocs, see trade bloc. Every customs union, trade common market and economic and monetary union has also a free trade area… …   Wikipedia

  • People's Republic of China–Thailand relations — People s Republic of China relations – Thailand relations Map indicating locations of People s Republic of China and Thailand China …   Wikipedia

  • People's Republic of China–Singapore relations — People s Republic of China relations – Singapore relations …   Wikipedia

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”