ASEAN - China

ASEAN and China singed the Framework Agreement on Comprehensive Economic Co-operation in November, 2002. The Parties, on the basis of this Framework Agreement, signed the Agreement on Trade in Goods (effective from July, 2005), Agreement on Trade in Services (effective from July, 2005), and Agreement on Investment (effective from February, 2010) with the aim of establishing an ASEAN – China Free Trade Area.

Implementation news

Under construction

News

Relocating to Vietnam to Mitigate the Effect of the US – China Trade War

In the last few years, driven by rising labor costs, the need for diversification, and the government’s focus shifting from labor-intensive sectors to high-tech industries, Chinese as well as foreign firms operating in China have slowly shifted their manufacturing activities to Southeast Asia, especially Vietnam.