China-asean free trade area, abbreviations CAFTA, China and the association of south-east Asian nations is a free-trade zone. January 1, 2010 full official start area. Free trade was completed, the asean and China's trade accounted for 13% of world trade, become a covers 11 countries, 19 million population, GDP of $6 trillion economy, the huge of the world's largest population of free trade between developing countries, is also the biggest free trade.
History of ....
December 1997, China and asean leaders in first leaders' informal meeting between asean and China develop good-neighbordly ascertain the policy of mutual trust partnership.
In March 2001, China - asean economic cooperation group in China - asean economic and trade cooperation framework of joint committee formally established.
November 2002, the sixth China - asean leaders meeting held in phnom penh, Cambodia, premier zhu rongji and 10 asean leaders signed: China and the framework agreement on china-asean comprehensive economic co-operation, decided to built 2010 china-asean free trade area. This marks the establishment of a free trade area in China - asean officially launched the process.
In November 2004, China - asean signed the agreement on trade in goods, regulation since 2005 July 2004, in addition to the lower taxes already implementation early harvest products and a few sensitive products to other, the two sides will outside about 7,000 tax purpose product implementation lower taxes.
China-asean free trade area covers 18 billion population, GDP close to $6 trillion trade amounted to us $4.5 trillion in the world, is composed by developing countries the biggest free trade zone.