ASEAN - China Trade Agreement -

Name	ASEAN – China
Members	Indonesia – Malaysia – Philippines – Singapore – Thaïland – Brunei – Vietnam – Laos – Myanmar – Cambodia – China
Type of agreement	Bilateral Free Trade Agreement
Date of signature	November 4, 2002
Current Status	On-going
Key points	1. The ASEAN-China Strategic Partnership works in the areas of defence and security, connectivity, Smart City, digital economy, production capacity, people-to-people exchanges, media, education, and sub-regional cooperation. 2. On 1 January 2010, the average tariff rate on Chinese goods sold in ASEAN countries decreased from 12.8 to 0.6% pending implementation of the free trade area by the remaining ASEAN members. 3. The average tariff rate on ASEAN goods sold in China decreased from 9.8 to 0.1%. 4. By 2015, ASEAN’s total merchandise trade with China reached $346.5 billion (15.2% of ASEAN’s trade), and the ACFTA accelerated the growth of direct investments from China and commercial cooperation. For more details, kindly check the link in references.
Annexe	https://wits.worldbank.org/GPTAD/PDF/archive/ASEAN-China.pdf

References

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