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The ASEAN-China Free Trade Area (ACFTA) is a free trade area between the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People`s Republic of China. Tariffs on more than 200 vegetables and fruits will be reduced from the current 30 percent to zero under the agreement, said Sun Yuanjiang, a ministry official. However, Thailand said the trade deal was on track, as it chairs the 10-member Association of South Asian Nations (ASEAN) this year, and ideally ahead of an RCEP summit on Nov. 4. India has reached an agreement in principle with other countries to introduce a safeguard mechanism that would trigger tariffs if the goods were found to be dumped from a partner country, a source familiar with the negotiations told Reuters last week in India. China first proposed the idea of a free trade area in November 2000. The Heads of State and Government of ASEAN and China therefore decided to examine economic integration measures in the region[1][2] The following year, they advocated in Brunei the creation of an ASEAN-China Free Trade Area. [3] In the first nine months of the year, reciprocal trade between Thailand and China exceeded US$45.71 billion, more than in the same period of the previous year. China and ASEAN are important agricultural trading partners. Bilateral trade in agricultural products has exceeded $5 billion in recent years. ASEAN members have a total population of over 650 million. Indonesia accounts for more than 40 per cent of the region`s population and the population has been the most opposed to the agreement.

[17] [13] Last November, Zhu Rongji, then Chinese Prime Minister, signed a framework agreement with ASEAN establishing a free trade area. China is currently engaged in bilateral negotiations with the ten ASEAN member countries. Most trade between China and ASEAN will then benefit from zero tariffs, while non-tariff measures will be eliminated and bilateral trade and mutual investment will be liberalized. RCEP members worked on two parallel negotiations, on market access for goods and services and on a draft contractual text, the official said. However, industry experts said Thailand would benefit more from the bilateral free trade agreement because its agricultural products are more competitive. In trade, the two countries agreed to double trade in both directions by 2021, from $73.67 billion in 2017 to $140 billion. support the participation of Thai entrepreneurs in the China International Import Expo every year; promoting cooperation on agricultural products; and to hold regular meetings of the Joint Committee and joint working bodies. Overall, the free trade agreement between China and Thailand has not benefited small farmers on both sides of the border. It was only favorable to businessmen who control the trade and can use it to expand their contract farming, such as for example. B from Thailand (ethnic Chinese) Charoen Pokphand Group. .

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