China-ASEAN Trade to Top $300 bln This Year: Official
    2011-06-06 16:02:07     Xinhua      Web Editor: Chudaye
Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council.
Audio

Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council.

The FTA, which started operation since the beginning of last year, has boosted economic exchanges between China and the ASEAN (Association of Southeast Asian Nations) member states, Xu said Sunday at a forum in Kunming, capital of Yunnan Province.

The estimated amount will be higher than the 292.8 billion U.S. dollars registered between the two sides in 2010, up 37.5 percent from a year earlier.

Customs data showed that in the first four months of this year, trade value between China and ASEAN nations rose 26.5 percent year-on-year to 110.2 billion U.S. dollars.

Under the FTA accord, the average tariff on goods from ASEAN countries to China is cut down to 0.1 percent from 9.8 percent. The six original ASEAN members, including Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, slash the average tariff on Chinese goods from 12.8 percent to 0.6 percent.

By 2015, the policy of zero-tariff rate for 90 percent of Chinese goods is expected to extend to Cambodia, Laos, Myanmar and Vietnam.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Audio Reports more »
Biz Life more »
Policy more »
Markets more »

News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ