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Pakistan, China-Pakistan Free Trade Agreement (2006) [14] New Zealand, China-New Zealand Free Trade Agreement (2008) [15] Singapore, China-Singapore Free Trade Agreement (2009) ASEAN, China-ASEAN Free Trade Area (2010) Republic of China (Taiwan), Economic Cooperation Framework Agreement (2010) Peru, China-Peru Free Trade Agreement (2010)
Logo of the RCEP. The Regional Comprehensive Economic Partnership (RCEP / ˈ ɑː r s ɛ p / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2]
The free trade agreement reduced tariffs on 7,881 product categories, or 90 percent of imported goods, to zero. [20] This reduction took effect in China and the six original members of ASEAN: Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Free Trade Agreement [13] Switzerland: 6 July 2013 1 July 2014 Free Trade Agreement [14] South Korea: 1 June 2015 20 December 2015 Free Trade Agreement [15] Australia: 17 June 2015 20 December 2015 Free Trade Agreement [16] Georgia: 13 May 2017 1 January 2018 Free Trade Agreement [17] Maldives: 7 December 2017 1 January 2025 Free Trade Agreement
Japan led negotiations with 10 other countries, including New Zealand, Australia, Brunei, Canada, Chile, Malaysia, Mexico, Singapore, Peru and Vietnam for the new trade pact.
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.
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.
In 2012, ASEAN+6 countries alone had 339 free trade agreements – many of which were bilateral. [e] The FTAAP is more ambitious in scope than the Doha round, which limits itself to reducing trade restrictions. The FTAAP would create a free trade zone that would considerably expand commerce and economic growth in the region.