The ASEAN-CHINA FTA and its Impact on Business

May 02, 2005 | BY

clpstaff &clp articles

China and the Association of Southeast Asian Nations (ASEAN)1 signed the landmark ASEAN-China Agreement on Trade in Goods (ACFTA) on November 29 2004. What does the ACFTA mean for regional business?

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By Andreas Lauffs and Eugene Lim, Baker & McKenzie, Hong Kong

The signing of the China-ASEAN free trade agreement heralds the formation of the world's largest free trade area with an estimated market potential of 1.7 billion consumers and a regional gross domestic product of
US$2 trillion. Here we will discuss some of the key features of the ACFTA, and what it means for business in China.