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The ASEAN Free Trade Area (AFTA) [1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies.
ASEAN has bilateral agreements with the following countries and blocs: . ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010; ASEAN–Hong Kong, China Free Trade Area (AHKFTA)
Under RCEP, New Zealand services exporters and investors will, for the first time, benefit from market access commitments from China and ASEAN countries that are not party to the CPTPP". [76] Following the signing of the RCEP, New Zealand and China signed a deal to further expand their existing free-trade agreement.
Countries with which ASEAN has free trade agreements In 1992, the Common Effective Preferential Tariff (CEPT) scheme was adopted as a schedule for phasing out tariffs to increase the "region's competitive advantage as a production base geared for the world market".
the ASEAN Korea Free Trade Agreement, [14] the trade in goods provisions came into effect on 1 June 2007, an agreement for trade in services was signed in 2007 and the trade in investments provisions were signed in 2009; [15] a free trade agreement with Australian and New Zealand (jointly) AANZFTA [16] that came into force on 1 January 2010;
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area.Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
At the Second ASEAN-India Summit in 2003, the ASEAN-India Framework Agreement on Comprehensive Economic Cooperation was signed by the Leaders of ASEAN and India. The Framework Agreement laid a sound basis for the eventual establishment of an ASEAN-India Regional Trade and Investment Area (RTIA), which includes FTA in goods, services, and investment.
English: Map of countries with which ASEAN has free trade agreements . ... Countries which have free trade agreements with ASEAN. Date: 22 August 2024: Source: Own work .