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ASEAN FTAs come into force

08 January 2010

Two major free trade agreements with the Association of South East Asian Nations (ASEAN) have come into effect.

Read more: [ASEAN] [FTA] [Australia exports] [China ASEAN]

The Association of South East Asian Nations (ASEAN) has formally commenced two free trade agreements, one with Australia and New Zealand, and the other with China.

The China-ASEAN Free Trade Agreement (CAFTA) forms an economic bloc of 1.9 billion people with trade worth approximately $200 billion. China and ASEAN signed an initial FTA in November 2002. Some tariffs were reduced...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010