An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website. [59] For some trade experts, this new agreement shows that the rest of the world will not wait for the United States. The European Union has also conducted trade negotiations at an aggressive pace. While other countries are signing new agreements, U.S. exporters may gradually lose ground. The RCEP agreement is flexible enough to meet the needs of different countries as diverse as Australia, Myanmar, Singapore and Vietnam. As far as trade in goods is concerned, at least 90% of the goods of both parties will not have gradual access to customs on the markets of the other party. In terms of services, Costa Rica will open an additional 45 sectors to China, including telecommunications, education and tourism, while China will open seven more service sectors in Costa Rica. 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] Since the implementation of the China-Pakistan Free Trade Agreement, companies in both countries have been offered more business and comfort opportunities, and consumers in both countries have more benefits.

Bilateral trade continued to grow rapidly, growing from $6.9 billion in 2007 to $16 billion in 2014, with annual growth of about 15.3%. “Ratification is likely to be difficult in national parliaments, both because of anti-commercial and anti-Chinese sentiment,” he added. He Weiwen, a former Official of the Beijing Ministry of Commerce and a prominent expert on Chinese trade, said the agreement was nevertheless a major step forward. The agreement excludes the United States, which withdrew from an Asia-Pacific trade pact in 2017. 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. The Free Trade Agreement between China and Switzerland is the first bilateral free trade agreement signed between China and a country on the European continent and one of the world`s top 20 economies. The new free trade bloc will be larger than the agreement between the United States, Mexico and Canada and the European Union. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area.

China`s free trade agreements include Hong Kong and Macao, with the Hong Kong version known as the Closer Economic Partnership Agreement (CEPA), whose regular updates on its benefits, which we have long talked about on China Briefing. The CEPA agreement between China and Hong Kong offers many advantages to foreign investors who create local businesses in Hong Kong, which reduce (after a qualification phase) the source taxes and dividends on funds that are re-injected from the mainland to the territory. Macau offers similar benefits and especially in the services sector and the financial sector – extremely useful given Macau`s evolution towards an important tourist and casino destination. It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries. Negotiations on the free trade agreement began for the first time in September 2004, when trade ministers from both countries met on the sidelines of the ASEAN Plus Three economic ministers meeting. The first round of negotiations was launched in May 2012. The two sides signed the free trade agreement in June 2015, after 14 rounds of negotiations. Das stressed, however, that India remains interested in deepening trade relations in Southeast Asia.