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China-ASEAN Free Trade Area

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Title: Free Trade, Disputed Waters
Date of publication: August 2010
Description/subject: China and Asean have put in place a free trade agreement and a US $10 billion investment fund, but disputes over the Mekong River and the South China Sea remain... "The Association of Southeast Asian Nations (Asean) has often been sidelined by bilateral dealings between China and Asean member-states. But on Jan. 1, the organization scored a major victory when the free trade agreement (FTA) between China and Asean came into effect. The FTA was a logical follow-up to the facts on the ground: trade between the two sides more than quadrupled between 2001 and 2009, from US $41.6 billion to $213 billion. With the FTA in place, trade between China and Asean is expected to surpass that between the US and Asean by the end of 2012..."
Author/creator: Simon Roughneen
Language: English
Source/publisher: "The Irrawaddy" Vol. 18, No. 8
Format/size: html
Date of entry/update: 31 August 2010

Title: The China Trade-off
Date of publication: February 2010
Description/subject: The China-Asean free trade deal is a milestone as Southeast Asian nations test the waters of economic competitiveness... "Almost one-third of the world’s population is covered in the China-Asean Free Trade Area (CAFTA), which came into being on Jan. 1. However, CAFTA is only the third largest free trade zone in the world, after the EU and the North American Free Trade Agreement zone (NAFTA). Association of Southeast Asian Nations (Asean) governments hope that their economies will benefit as businesses get easier access to Chinese markets...Most of the optimism seems to be coming from China, however, as the long-negotiated deal becomes a reality. The Chinese news agency, Xinhua, ran numerous feel-good stories talking up the merits of the new agreement, quoting officials, business people and academics in Asean states in a series of reports outlining the possible benefits of freer trade. With Chinese exports to the US and Europe down and not likely to recover anytime soon, Asean countries offer China more economic opportunity, as the more developed member-states seek to boost domestic consumption...China has at least partly overcome wariness among Asean states about its long-term intentions, while American policy toward the region remains in flux, despite claims that the US is “back” in Southeast Asia after years of alleged indifference under the Republican administration..."
Author/creator: Simon Roughneen
Language: English
Source/publisher: "The Irrawaddy" Vol. 18, No. 2
Format/size: html
Alternate URLs: http://www2.irrawaddy.org/print_article.php?art_id=17688
Date of entry/update: 28 February 2010