Free Trade Agreement Malaysia China

Category: Allgemein

[7] China`s transformation into a major economic power in the 21st Century has led to an increase in foreign investment in the Bamboo Network, a network of overseas Chinese enterprises active in Southeast Asian markets and with common family and cultural ties. [8] [9] In 2008, ASEAN members and the People`s Republic of China had a nominal gross domestic product of about $6 trillion. [10] [11] On 1 January 2010, the average duty rate applicable to Chinese products sold in ASEAN countries increased from 12.8% to 0.6% until the remaining ASEAN members completed the free trade area. Meanwhile, the average tariff rate on ASEAN products sold in China fell from 9.8% to 0.1%. He warned ASEAN countries not to sign the agreement smoothly, but to set their own conditions, after fully assessing it in terms of national policy and security. . . .