Asean China Free Trade Agreement Malaysia

In addition to the Trade in Goods Agreement, ASEAN and China signed the Trade in Services Agreement (ACTISA) on 14 January 2007 for the first package of specific commitments and on 16 November 2011 for the second package of specific commitments. Both packages provide for the extension of services exchanges, with better market access and treatment in sectors/sub-sectors where commitments have been made. The agreement excludes the liberalisation of procurement and government-related services. For more information, please contact: External Economic Relations Division in eerd@asean.org The ASEAN-China Investment Agreement was signed on 15 August 2009 and came into force on 1 January 2010. It aims to create an environment conducive to investors and their investments from ASEAN and China and thus establishes essential safeguards that ensure fair and equitable treatment of investors, non-discriminatory treatment in the event of nationalisation or expropriation, and compensation for losses. It has provisions allowing the free and freely usable transfer of profits, as well as a provision for the settlement of investor-state disputes, allowing investors to resort to arbitration. The ASEAN-China Free Trade Area (ACFTA) is a free trade area between the ten member states of the Association of South Asian Nations (ASEAN) and the People`s Republic of China. ASEAN members together have a population of more than 650 million. Indonesia accounts for more than 40% of the region`s population and its population has been the most opposed to the agreement. [17] [13] The framework agreement was signed on 4 November 2002 in Phnom Penh, Cambodia, by eleven heads of government. [4]: Hassanal Bolkiah (Sultan of Brunei Darussalam), Hun Sen (Prime Minister of Cambodia), Megawati Soekarnoputri (President of Indonesia), Bounnhang Vorachith (Prime Minister of Laos), Mahathir bin Mohamad (Prime Minister of Malaysia), Than Shwe (Prime Minister Gloria Macapagal-Arroyo (President of the Philippines), Goh Chok Tong (Prime Minister of Singapore), Thaksin Shinawatra (Prime Minister of Thailand), Phan Ven Khi (Prime Minister of Vietnam), Zhu Rongji (Prime Minister of the State Council of the People`s Republic of China). [4] [5] The ACFTA, launched on January 1, 2010, provided the necessary platform for deepening economic engagement. Economic relations intensified following the signing of the framework agreement and the ASEAN-China Free Trade Agreement in 2004, which provides a solid basis for increased trade and investment flows between ASEAN and China.

The heads of state and government of China and the ASEAN member (AMS) signed the framework agreement on comprehensive economic cooperation between China and ASEAN at the sixth China-ASEAN summit in November 2002.

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