ASEAN – CHINA the New Economic Partnership. Mr. Zhou Hongli Minister Counsellor Embassy of People ’ s Republic of China February 18, 2004. Main Topics:. Economic cooperation between China and ASEAN ASEAN-China Free Trade Area (ACFTA) China ASEAN Expo. China and ASEAN: Close Neighbors.
Mr. Zhou Hongli
Embassy of People’s Republic of China
February 18, 2004
1. To build friendly relationship and partnership
with neighbors (与邻为善,以邻为伴);
2. To build amicable, tranquil and prosperous
Trade with ASEAN Members in 2003(in million US dollars)
Malaysia has the Largest Shares
Share in China’s total: 4.75%
Singapore is the Largest ASEAN Investor in China
Total Chinese Investment in ASEAN
( by the end of 2003,in million US$)
Share in Asia
Share in the world
1.7 billion of population
US$2000 billion of GDP
US$ 1200 billion of trade
tariff rates to be gradually reduced or eliminated over a period from 1 January 2005 to 2010for ASEAN 6 and China, and from 1 January 2005 to 2015for ASEAN 4;
tariff rates to be reduced in accordance with the mutually agreed end rates and end dates.
Tariff reduction commenced from January 1 2004, 0% tariff rates by 2006. It covers more 500 products, mostly agricultural products listed in the first 8 Chapters of HS Code.
At least 40% of contents from ACFTA
Trade in service
For services and investment, negotiations commenced in 2003 and would be concluded as expeditiously as possible.
(b) information and communications technology;
(c)human resources development;
(d) investment; and
(e) Mekong River basin development.
To promote the construction of China-ASEAN Free Trade Area (CAFTA), sharing opportunities of cooperation and development.
TIME AND VENUE
SPONSORS AND ORGANIZERS:
SCALE OF THE EXPO:
1. IE Singapore
Mr. Lim Kay Siong
2. Guangxi Economic and Trade Commission
Mr. Nong Rong or Ms. Huang Yuan
Tel: (86771)-2109510 or 2109509
Fax: (86771)-2109835 or 2109266