China's Duty Relief CNY 50 BLN for ASEAN Goods

 
By August 2012, under China-ASEAN Free Trade Agreement, China issued totally 2.38 million Preference Certificates of Origin with a total value of USD 87.8 billion and received 920,000 ones from ASEAN states with preference of USD 91.7 billion, giving duty relief of CNY 50 billion to ASEAN goods.

Additionally, mutual investment is expanding between China and the ASEAN. Therein, ASEAN investment in China increased to USD 7 billion in 2011 from USD 3.26 billion of 2002, up 10% annually; Chinese investment in the ASEAN rose to USD 2.91 billion in 2011 from USD 80 million of 2002, up 57% annually.