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Trade Agreements  -  east asia

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Trade Agreements

People's Republic of China, Hong Kong Closer Economic Partnership

Area of Cooperation

Goods, Services and Trade Facilitation

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

i. The Closer Economic Partnership (CEPA) between the People's Republic of China and Hong Kong is a Free Trade Agreement that allows residents and companies of Hong Kong preferential access to the mainland market. The objectives of the agreement, as stated in the legal document, are to strengthen trade and investment between the two sides and promote development. Both parties meet regularly and add supplements to the agreement. The three main areas CEPA covers involve measures for promotion of trade and investment, opening the mainland market to Hong Kong service providers, and the elimination of tariffs on locally manufactured goods. CEPA also encourages foreign investors to establish businesses in Hong Kong to reap the benefits of both the Hong Kong opportunities as well as those in the mainland.


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ASEAN - China Free Trade Area

Area of Cooperation

Consumer and Industrial Products, Agriculture

Sign Date

January 1, 2004

In Force Date

December 31, 1969

Summary

The ASEAN - China Free Trade Agreement will apply in an area involving 1.7 billion consumers, making it the world's largest trading area. The agreement currently establishes a zero-tariff market. The agreement now contains trade in goods, services and dispute settlement. Investment is still under negotiation.


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Macao - People's Republic of China Closer Economic Partnership

Area of Cooperation

Goods ( No provisions on Agricultural goods) Services, Trade Facilitation ( Macao has applied zero tariffs on products from the mainland)

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

The Mainland and Macau Closer Economic Partnership Arrangement was signed in 2003. Macau Products, under the agreement, are exempted from import customs. The agreement strives to support the growth and expansion of the Macau manufacturing, tourist and development industries.

http://www.economia.gov.mo/page/english/cepa_e.htm


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Pakistan - People's Republic of China Free Trade Agreement

Area of Cooperation

Goods ( Early harvest programme has been operational since 1 January 2006. See more on http://www.commerce.gov.pk/PCEHP.asp

Sign Date

January 1, 2006

In Force Date

December 31, 1969

People's Republic of China - Thailand Free Trade Agreement

Area of Cooperation

agriculture

Sign Date

December 31, 1969

In Force Date

January 1, 2003

Summary

People's Republic of China - Thailand Free Trade Agreement


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People's Republic of China - Chile Free Trade Agreement

ChileChile

Area of Cooperation

No Provisions for Agricultural Goods, intellectual property

Sign Date

January 1, 2005

In Force Date

December 31, 1969

Thailand - People's Republic of China Free Trade Agreement

Area of Cooperation

Trade

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

Limited to agricultural products, the Thai-China Free Trade Agreement entered into force in 2003, and negotiations on a more comprehensive agreement are expected to conclude before 2010.

http://english.people.com.cn/200506/19/eng20050619_191069.html


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People's Republic of China, Hong Kong Closer Economic Partnership

Area of Cooperation

Goods, Services and Trade Facilitation

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

i. The Closer Economic Partnership (CEPA) between the People's Republic of China and Hong Kong is a Free Trade Agreement that allows residents and companies of Hong Kong preferential access to the mainland market. The objectives of the agreement, as stated in the legal document, are to strengthen trade and investment between the two sides and promote development. Both parties meet regularly and add supplements to the agreement. The three main areas CEPA covers involve measures for promotion of trade and investment, opening the mainland market to Hong Kong service providers, and the elimination of tariffs on locally manufactured goods. CEPA also encourages foreign investors to establish businesses in Hong Kong to reap the benefits of both the Hong Kong opportunities as well as those in the mainland.


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Japan - Malaysia Economic Partnership Agreement

Area of Cooperation

Goods, Services, Investment, Intellectual Property, Dispute Settlement

Sign Date

January 1, 2005

In Force Date

December 31, 1969

Summary

Under the Agreement, both countries will work to eliminate all tariffs within ten years. The partnership will allow Japanese firms to move into the Malaysian car market. The tariffs on Japanese cars will be eliminated by 2015. Trade in Japan is expected to increase as Japan is Malaysia’s third largest trading partner. JMEPA will strengthen the economic ties between the two countries and remains a solid basis for the facilitation of trade between the countries.
http://www.mofa.go.jp/region/asia-paci/malaysia/epa/index.html


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Japan - Mexico Economic Partnership Agreement

MexicoMexico

Area of Cooperation

Goods, Services (Core air transport services, maritime transport and financial services carved out.), Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor Mobility

Sign Date

January 1, 2004

In Force Date

December 31, 1969

Summary

The Agreement between Japan and the United Mexican States for the Strengthening of the Economic Partnership attempts to strengthen the bilateral economic relations between the two countries. It promotes the liberalization of investments and trade. In addition, it attempts to offer people a freer flow for business purpose. Japan will obtain access to the Mexican market, a consumer base will nearly 100 million. Japan will also gain a bridge to the North and South American markets through Mexico, as it has numerous agreements with countries in the region, allowing Japan treatment equal to that of the EU, Canada and US in services, customs, investment and government procurement.
http://www.mofa.go.jp/region/latin/mexico/agreement/index.html


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Japan - Singapore Economic Agreement for a New-Age Partnership

Area of Cooperation

Goods, Services, Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor and Environmental Standards

Sign Date

January 1, 2002

In Force Date

January 1, 2002

Summary

The JSEPA strives for better market access as well as national treatment conditions. The Japan Singapore agreement is the model agreement for Japan as it was its first EPA. Not only does it cover tariff reduction, JESPA synchronizes customs procedures and addresses the movement of people.
http://www.fta.gov.sg/fta/pdf/FTA_JSEPA_Agreement.pdf


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Macao - People's Republic of China Closer Economic Partnership

Area of Cooperation

Goods ( No provisions on Agricultural goods) Services, Trade Facilitation ( Macao has applied zero tariffs on products from the mainland)

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

The Mainland and Macau Closer Economic Partnership Arrangement was signed in 2003. Macau Products, under the agreement, are exempted from import customs. The agreement strives to support the growth and expansion of the Macau manufacturing, tourist and development industries.

http://www.economia.gov.mo/page/english/cepa_e.htm


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ASEAN - Korea Free Trade Area

Area of Cooperation

Goods, Dispute Settlement

Sign Date

January 1, 2006

In Force Date

January 1, 2007

Summary

Under the ASEAN- Korea Free Trade Agreement, Korean businesses will gain access to the ASEAN market, which contains nearly 500 million people. The agreement contains trade in goods and tariffs will be either eliminated or reduced on Korean products.
http://www.aseansec.org/18063.htm


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Global System of Trade Preferences among Developing Countries

AlgeriaAlgeria
ArgentinaArgentina
BeninBenin
BoliviaBolivia
BrazilBrazil
CameroonCameroon
ChileChile
ColombiaColombia
CubaCuba
EcuadorEcuador
EgyptEgypt
GhanaGhana
GuineaGuinea
GuyanaGuyana
IranIran
IraqIraq
LibyaLibya
MexicoMexico
MoroccoMorocco
MozambiqueMozambique
NicaraguaNicaragua
NigeriaNigeria
PeruPeru
SudanSudan
Tanzania, United Republic OfTanzania, United Republic Of
Trinidad And TobagoTrinidad And Tobago
TunisiaTunisia
VenezuelaVenezuela
ZimbabweZimbabwe

Area of Cooperation

Global Dispute Settlement

Sign Date

January 1, 1988

In Force Date

January 1, 1989

Summary

The Global System of Trade Preferences arose out of the United Nations Group of 77. The Group first appeared interested in 1976 to develop a global system of trade for developing countries. Over years of negotiations, the agreement was signed by the participating members of the Group of 77. The members are currently looking to expand their economic ties to other developing countries in Asia, Latin America and Africa.
http://www.unctadxi.org/templates/Page____6207.aspx


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Korea - Chile Free Trade Agreement

Area of Cooperation

Goods, Services (including: Telecommunications, Professional and Health. EXCLUDING: Core Air transport and Financial Services) Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor

Sign Date

January 1, 2003

In Force Date

December 31, 1969

Summary

After six rounds of negotiation, the Korea-Chile Free Trade Agreement was concluded in 2003. The KCFTA was the first free trade agreement entered into by Korea. It provides Korea with an opening into other Latin American economies as Chile has numerous agreements with other countries in the region. Both countries are to eliminate tariff on 96 percent of goods in 10 years. The combination of the two countries compliments each other because while Chile is competitive in raw materials and agricultural products, Korea’s strength lies in industrial products.
http://docsonline.wto.org/DDFDocuments/t/WT/REG/169-1.doc


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Korea - European Free Trade Association Free Trade Agreement

IcelandIceland
LiechtensteinLiechtenstein
NorwayNorway
SwitzerlandSwitzerland

Area of Cooperation

Goods, Services (including financial telecommunication services) Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement

Sign Date

January 1, 2005

In Force Date

January 1, 2006

Summary

The Korea-EFTA FTA will eliminate tariff and non-tariff barriers, promote liberalization and encourage economic cooperation.
http://secretariat.efta.int/Web/ExternalRelations/PartnerCountries/Korea/KR/KR_Agreement.pdf


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Korea - Singapore Free Trade Agreement

Area of Cooperation

Goods, Services, Government Procurement, Investment, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor and Environmental Standards, Capacity Building

Sign Date

January 1, 2005

In Force Date

December 31, 1969

Summary

The “Korea - Singapore Free Trade Agreement“ will allow all Korean exports to enter tariff-free to Singapore. The Korean market will also be opened to various Singapore services. Singapore will support Korea’s expansion into ASEAN while Korea will provide a bridge for Singapore to enter Northeast Asia.
http://docsonline.wto.org/DDFDocuments/t/WT/REG/210-1.doc


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