Introduction of CAFTA

Eleven members: China and ten ASEAN countries

The third biggest Free Trade Area in the world

- 1.8 billion population, cover 30% people in the world

- US$ 2 trillion GDP, total trade amount over 1.2 trillion

- will be set up in 2010

Fastest growth

- bilateral trade volume increase by 38.9% annually.

- import and export will be expected to increase by 50%.

Complementary advantages

- bilateral trade volume reach US$ 105.9 billion

- five ASEAN countries are China’s top 20 trading partners

More convenience for trade and investment

- agreement on dispute settlement mechanism

- agreement on trade in good

- lift most of the commodities’tariff in 2010

- started “early harvest”in 2004, more than 7000 commodities’tariff were abolished