Beijing's proposal seen as counter move to Washington's Indo-Pacific push. But China is deeply frustrated with India, which is at odds with the rest of the RCEP participants over tariff reductions. Beijing's irritation with the "free and open Indo-Pacific" initiative pushed by Japan and the U. They are expected to affirm their goal of reaching a deal by the end of the year, with the 10 ASEAN members taking the lead. But China appears to have other plans.
ASEAN–China Free Trade Area
East Asia Free Trade Area (ASEAN+3) Free Trade Agreement
China first proposed the idea of a free trade area in November The framework agreement was signed on 4 November in Phnom Penh , Cambodia , by eleven heads of government. Amendments for the framework of the free trade area mostly concerned Vietnam. These amendments were designed to assist Vietnam lower tariffs and put forth dates as guidelines. The free trade agreement reduced tariffs on 7, product categories, or 90 percent of imported goods, to zero. The remaining four countries were supposed to follow suit in
ASEAN Free Trade Area
Vietnam joined in , Laos and Myanmar in and Cambodia in Temporary exclusions 2. Sensitive agricultural products 3. General exceptions. General exceptions refer to products which an ASEAN member deems necessary for the protection of national security, public morals, the protection of human, animal or plant life and health, and protection of articles of artistic, historic, or archaeological value.
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