Zero tariff effect manifested into ASEAN's third largest trading partner

--Nanning, 9 Jul: China-ASEAN free trade area was completed earlier this year to promote bilateral trade show the effect of accelerating growth. General data display, 1-5 months, China and ASEAN bilateral trade amounted to $ 1118, growth nearly 58% more than Japan, ASEAN has become China's third largest trading partner.

The former may, Chinese exports to the ASEAN 527 million, an increase of 46.2%; from ASEAN import 591 million, an increase of 69.1%. ASEAN trade deficit 64 billion, compared to 2009 trade surplus 10.9 billion. At present, China and ASEAN each other's third largest trading partner.

China-ASEAN Expo secretariat said today, as is currently the only Chinese to free trade area of the exhibition on the theme of the seventh session of the China-ASEAN Expo is a free trade area after completion of the new event will be "free trade area and new opportunities" as its theme, centered around the agreement on trade in goods, the agreement on trade in services, investment agreements, and other China-ASEAN free trade agreement, set commodity trade, investment, trade in services, advanced technology and "charm city," the five major topics, international standard booths 4000, further promote China-ASEAN bilateral trade and economic growth.

Long-term study of ASEAN expert, Guangxi Academy of social sciences, Center for Southeast Asian studies, Deputy Director, Jian-Wen Liu analysis considers that bilateral trade between China and ASEAN countries, apart from the obvious growth benefited from the global financial crisis international trade restorative growth also benefits from the China-ASEAN free trade area of the "tariff" policy to their mutual enthusiasm and export enterprises.

January 1, 2010, China on 10 ASEAN countries 91.5% products tariff-free access, on ASEAN average tariff from 9.8% drop to 0.1%; at the same time, the Member States of ASEAN 6 old (Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand) on more than 90% of the Chinese products tariff-free access, on China's average tariff from 12.8% 0.6%, four new Member countries of ASEAN (Viet Nam and Laos, Cambodia and Myanmar) in 2015 achieving this goal.