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ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion), making it the largest trade bloc in history. [3] Signed in November 2020, RCEP is the first free trade agreement among the largest economies in Asia, including China, Indonesia, Japan, and South Korea. [4]
It was also the third largest trade volume after the European Economic Area and the North American Free Trade Area. [ 12 ] [ 7 ] On 1 January 2010, the average tariff rate on Chinese goods sold in ASEAN countries decreased from 12.8 to 0.6 percent pending implementation of the free trade area by the remaining ASEAN members.
United States–Ghana Free Trade Agreement; United States–Indonesia Free Trade Agreement; United States–Kenya Free Trade Agreement; United States–Kuwait Free Trade Agreement (Expert-level trade talks held in February 2006) (part of US–MEFTA initiative) United States–Malaysia Free Trade Agreement (next meeting on January 14, 2008 in ...
G-3 Free Trade Agreement (G-3) - 1995; International Grains Agreement - 1995; Greater Arab Free Trade Area (GAFTA) - 1997 [4] Dominican Republic–Central America Free Trade Agreement (DR-CAFTA) - 2004; South Asian Free Trade Area (SAFTA) - 2004 [5] East African Community (EAC) - 2005; ASEAN–Australia–New Zealand Free Trade Area (AANZFTA ...
The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. [1] and the final agreement was on 13 August 2009. [2] The free trade area came into effect on 1 January 2010. [3] [4] India hosted the latest ASEAN-India Commemorative Summit in New Delhi on 26 January 2018. In the financial year 2017–18, Indo-ASEAN bilateral ...
Free trade agreements or free trade areas are listed as follows: List of multilateral free trade agreements; List of bilateral free trade agreements; See also.
The purpose of the SAFTA is to encourage and elevate common contract among the countries such as medium and long-term contracts. Contracts involving trade operated by states, supply and import assurance in respect of specific products etc. It involves agreement on tariff concession like national duties concession and non-tariff concession.