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ASEAN set to ink deals with China
Phuket Gazette - Monday, November 12, 2012
Phuket Business: ASEAN set to ink deals with China
PHUKET: ASEAN and Chinese leaders are set to ink two Free Trade Agreements (FTA) facilitating commerce at a bilateral summit later this month.
Representatives will meet on November 18 in Cambodia, at a summit between ASEAN leaders and six partner countries.
One agreement would eliminate some trade barriers related to sanitary and phytosanitary (animal and plant health) standards; the other would give officials more flexibility in facilitating growth between ASEAN and China.
China has agreed to provide financial aid in order to promote closer economic ties with ASEAN.
After a delay, Commerce Ministry Inspector-General Boonyarit Kalayanamit said the Chinese government has shown signs that it’ll allocate funds to support ASEAN projects soon. At the summit, the two sides will find an agreement on trade liberalization. Certain goods on both sides remain sensitive. For these sensitive items, both sides have agreed to tariffs of less than 20% by 2015, with most products down to zero by 2018. Sensitive goods would include coffee, seeds, rice, nuts, garlic and onions.
China is currently the largest trading partner of both ASEAN and Thailand.
– Petchanet Pratruangkrai
News from the movements
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5-Dec-2016 Médecins Sans Frontières
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30-Nov-2016 No al TTIPCientos de organizaciones europeas y canadienses instan a las/los legisladores a votar en contra del Acuerdo Integral de Economía y Comercio (CETA).
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30-Nov-2016Este es un llamamiento urgente de 316 organizaciones de la sociedad civil de los países de Asia y el Pacífico que negocian la Asociación Económica Regional Ampliada para que el contenido tóxico del TPPT no se incorpore al RCEP
29-Nov-2016This is an urgent call by 316 civil society organisations from across the Asian and Pacific countries negotiating the Regional Comprehensive Economic Partnership to reject TPP rules in the RCEP
29-Nov-2016 S2BWe, the undersigned civil society organisations from Canada and Europe, hereby express our deep concern about the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada.
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