About CAEXPO
Introduction of CAFTA
http://www.caexpo.org   2008-03-25 10:04:11

*       Eleven members: China and ten ASEAN countries

*       The third biggest Free Trade Area in the world

   - 1.8 billion population, cover 30% people in the world

   - US$ 2 trillion GDP, total trade amount over 1.2 trillion

   - will be set up in 2010

*       Fastest growth

   - bilateral trade volume increase by 38.9% annually.

   - import and export will be expected to increase by 50%.

*       Complementary advantages

   - bilateral trade volume reach US$ 105.9 billion

   - five ASEAN countries are Chinas top 20 trading partners

*       More convenience for trade and investment

   - agreement on dispute settlement mechanism

   - agreement on trade in good

   - lift most of the commoditiestariff in 2010

   - started early harvestin 2004, more than 7000 commoditiestariff were abolished