China Asean Free Trade Agreement Tariffs
On 1 January 2010, the average tariff rate on Chinese products sold in ASEAN countries increased from 12.8% to 0.6% until the remaining ASEAN members implemented the free trade area. Meanwhile, the average tariff rate on ASEAN products sold in China increased from 9.8% to 0.1%.  Up to 2015, ASEAN`s total merchandise trade with China reached $346.5 billion (15.2% of ASEAN trade), and ACFTA accelerated growth in Chinese direct investment and trade cooperation.  In addition, China and ASEAN are also working quickly to conclude the Comprehensive Regional Economic Partnership (RCEP) agreement, which is expected to promote economic and trade integration between ASEAN members and their six trading partners: China, Japan, South Korea, Australia, New Zealand and India. ACFTA, launched on January 1, 2010, provided the necessary platform for deepening economic engagement. Economic relations intensified following the signing of the framework agreement and the ASEAN-China Free Trade Agreement in 2004, which provides a solid basis for increased trade and investment flows between ASEAN and China. The ASEAN-India trade agreement came into force on 1 January 2010. The signing of the agreement paved the way for the creation of one of the world`s largest free trade area markets and created opportunities for more than 1.9 billion people in ASEAN and India, with a total GDP of $4.8 trillion. AIFTA is setting up a more liberal and easier market access and investment system between Member States. The agreement provides for tariff liberalization of more than 90% of the products traded between the two dynamic regions. As a result, tariffs for more than 4,000 product lines were agreed to be abolished by 2016 at the earliest. As more and more countries appear to be opting for increasing protectionism, the Southeast Asian region and China are actively developing stronger regional and global trade and investment relationships. The framework agreement was signed by eleven heads of government on 4 November 2002 in Phnom Penh, Cambodia.
: Hassanal Bolkiah (Sultan of Brunei Darussalam), Hun Sen (Prime Minister of Cambodia), Megawati Soekarnoputri (President of Indonesia), Bounnhang Vorachith (Prime Minister of Laos), Mahathir bin Mohamad (Prime Minister Minister of Malaysia), Than Sh (Prime Minister of Burma), Gloria Macapagal-Arroyo (President of the Philippines), Goh Chok Tong (Prime Minister of Singapore), Thaksin Shinawatra (Prime Minister of Thailand), Phan Ven Khi (Prime Minister of Vietnam) , Zhu Rongji (Prime Minister of the State Council of the People`s Republic of China).   China first proposed the idea of a free trade area in November 2000. The leaders of ASEAN and China therefore decided to discuss economic integration measures in the region the following year In Brunei, they supported the creation of an ASEAN-China free trade area.  The ASEAN-China Investment Agreement was signed on 15 August 2009 and came into force on 1 January 2010.