China Free Trade Agreement List

China Free Trade Agreement List

Negotiations on the free trade agreement first began in September 2004, when the trade ministers of the two countries met on the sidelines of the ASEAN Plus Three Economy Ministers` Meeting. The first round of negotiations was launched in May 2012. The two sides signed the free trade agreement in June 2015, after 14 rounds of negotiations. Since the establishment of the China-Pakistan Free Trade Agreement, enterprises in these two countries have had more trade opportunities and amenities, and consumers in these two countries have been more beneficial. The volume of bilateral trade continued to grow rapidly, from $6.9 billion in 2007 to $16 billion in 2014, with annual growth of about 15.3 percent. China`s leaders and 14 other countries in the Asia-Pacific region have signed one of the largest free trade agreements in history, which covers 2.2 billion people and 30 percent of global production. The combined GDP of the signatories amounted to $26.2 billion (£20 billion) in 2019, or about 30% of global GDP. The agreement will cover nearly 28% of world trade. China-ASEAN FTA (NAFTA) is the first free trade agreement of China`s external negotiations and the largest free trade area. NAFTA has strongly encouraged the stable and rapid development of bilateral trade and economic relations in the long term. RCEP is a free trade agreement between ASEAN, China, Japan, South Korea, Australia and New Zealand and will account for about one-third of the world`s GDP and population. Chinese Premier Li Keqiang and ASEAN leaders attend a signing ceremony of the Protocol Amending the Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN in Kuala Lumpur, Malaysia, november 22, 2015.

[Xinhua] “The implementation of this agreement will help ensure open markets as well as an uninterrupted supply chain,” he said. The Free Trade Agreement between China and Australia officially entered into force on December 20, 2015. Once the agreement is fully implemented, 96% of Australian goods will arrive in China duty-free, while 100% of Chinese exports to Australia will receive duty-free treatment. Negotiations on the free trade agreement began in August 2006 and both parties successfully concluded negotiations in September 2008. The China-Singapore Free Trade Agreement is a comprehensive free trade agreement covering trade in raw materials, trade in services, personnel flows and customs procedures. For more information or to contact the company, please email china@dezshira.com, visit www.dezshira.com or download the company brochure. This is a list of free trade agreements between two parties where each party could be a country (or other customs territory), a trading bloc or an informal group of countries. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded the following free trade agreements, see below.

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