Enterprises in Central China Provinces Accelerate to ASEAN FTA

[2010-04-21 09:21:50]

With the completion of China-ASEAN Free Trade Area (FTA) at the beginning of 2010, bilateral tariffs have drastically declined and even to zero tariff, and provinces in central China provinces with relatively low economic extrovert degree show increasingly strong interest in FTA and more and more central China enterprises expect to share the convenience of FTA.

Data of MOFCOM indicated that as of this January, China-ASEAN FTA (CAFTA) was officially established, with bilateral trade rapidly rising. Only take January for example, total value of bilateral trade between China and ASEAN stood at USD21.48b, with the growth being as high as 80%.

From late 2009 to the first quarter of 2010, such places as Hunan, Henan and Hubei successively held the CAFTA policy campus talks or illustration meetings. On April 12, Anhui province also held such similar policy campus talk in order to strengthen the understanding of related policies of local export enterprises to encourage them to conduct trade exchanges with Southeast Asia.
Source: Xinhua
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