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| Details |
| Case Code: CLIBE011 |
| Case Length: 3 pages |
| Period: -- |
| Pub Date: 2005 |
| Teaching Note: Not Available |
| Subject :Business Environment |
| Price:Rs.50 |
| Organization :-- |
| Industry :-- |
| Countries : -- |
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China and the ASEAN * |
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| The caselet explains China's decision to sign an accord with the Association of South East Asian Nations (ASEAN). It looks at the impact of the accord on China and the U.S. |
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Issues: |
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- China signing an agreement with ASEAN.
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- The motivating factors for signing the trade pact.
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- Increased importance of China in the global economy.
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- Signing of peace treaty to resolve disputes.
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| Introduction |
China signed an accord with the Association of South East Asian Nations (ASEAN) at the 10th ASEAN Summit in Vientiane, Laos held on 29th and 30th November 2004. According to the agreement, China and ASEAN resolved to remove all trade tariffs on manufactured goods and farm produce by 2010 and to achieve closer cooperation in services such as transportation, information, technology and tourism.
The tariff cuts, which begin in 2005, will help create the world's largest free trade area covering 11 nations with a population of 2 billion people. It will draw ASEAN's combined economies worth $1 trillion closer to China's $1.4 trillion economy.
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| Questions |
1. China signed an accord with the ASEAN for closer economic cooperation that will help China to create the world's largest free-trade area. What impact could this free trade agreement have on US trade with the ASEAN region?
2. Why do you think China is more inclined to build ties with the ASEAN and Asia Economic free trade zone?
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Keywords |
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Association of South East Asian Nations (ASEAN), bilateral agreements, import tariffs, Hu Jintao, Southeast Asian region.
* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US
$16) per copy.
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