The ASEAN and Chinese leaders signed, on November 4th 2002, the Framework Agreement on ASEAN-China Economic Cooperation which will serve as the fulcrum for establishing the free-trade area by 2010 for the older ASEAN members and 2015 for the newer members with flexibility on sensitive commodities. The event stirred extensive attention from home and abroad.
In the past four years, the implementation of the above stated Agreement has brought China great impacts on its trade as well as immense benefits. This essay, in four parts, is to analyze the benefits and impacts China gained from the Agreement on ASEAN-China Economic Cooperation .Part one states the general situation of Chinese trade with Asian; part two describes the trade benefits China gained from Agreement on ASEAN-China Economic Cooperation; part three accounts the impacts on Chinese trade; part four offers some proposals on the construction of ASEAN-China free-trade area.
