ASEAN–China Free Trade Area

February 28, 2012 Edited by He Shan

The ASEAN–China Free Trade Area (ACFTA), also known as China–ASEAN Free Trade Area is a free trade area established among the ten member countries of the Association of Southeast Asian Nations (ASEAN) and China.

The initial framework agreement was signed on Nov. 4, 2002 in Phnom Penh, Cambodia, with an aim of establishing a free trade area among the eleven nations by 2010.

The free trade area came into effect on Jan. 1, 2010. The ASEAN–China Free Trade Area is the largest free trade area in terms of population and third largest in terms of nominal GDP.