China and New Zealand formally began free trade negotiations in December 2004 and concluded negotiations in December 2007 after 15 rounds of negotiations. The China-Costa Rica Free Trade Agreement (FTA) came into force on 1 August 2011. Negotiations on the free trade agreement began in January 2009 following the visit of Hu Jintao, then Chinese President, to the Central American country in November 2008. After intense one-year negotiations, the two sides signed the free trade agreement in April 2010. SINGAPORE (ICIS) —See and 14 other countries will sign the Comprehensive Regional Economic Partnership (RCEP) trade agreement on 15 November, which aims to gradually reduce tariffs and improve market access for goods and services. Further down the pipeline, there are possible agreements with India, South Korea and an agreement between China and Japan and Korea. The China-ASEAN Free Trade Area (FTA) was fully completed on 1 January 2010 and since then China has become ASEAN`s largest trading partner, while ASEAN has become China`s third largest trading partner. List of agreements being negotiated. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. Chinese Premier Li Keqiang and ASEAN leaders will participate in a signing ceremony on 22 November 2015 in Kuala Lumpur, Malaysia, to sign the protocol amending the framework agreement on global economic cooperation between China and ASEAN.
[Xinhua] Although the agreement does not offer the same level of integration as the EU or the agreement between the United States and Mexico-Canada, it was seen as an important step towards removing trade barriers and extending China`s influence. Turkey has bilateral and multilateral agreements: “The implementation of this agreement will help ensure open markets and an uninterrupted supply chain,” he said. The agreement sets the conditions for trade in goods and services, cross-border investment and new rules in increasingly important areas, such as e-commerce and intellectual property. The impact on trade in manufactured goods between Asian nations will be particularly evident, analysts said. RCEP is a free trade agreement between ten members of ASEAN, China, Japan, South Korea, Australia, New Zealand and will account for about one third of global GDP and the world`s population. The 2015 deadline is of paramount importance to China, as it also includes Vietnam, which has gradually become an alternative target for production to China. With Vietnamese wages, which currently earn about a third of wages in southern China, the production capacity of products eventually destined for the Chinese market is increasingly finding its way to Vietnam. Details of the China-ASEAN free trade agreement can be found at our ASEAN briefing site, which also contains regular updates to Chinese tax treaties throughout the region. Knowledge of products that can now be manufactured outside China and manufactured at a lower cost, but imported into the country duty-free, is a strategic and economic issue for many manufacturers. Foreign producers are automatically eligible for the ASEAN treaty by staying in an ASEAN nation (such as Vietnam), the qualification requirement being purely geographical.