- CNTV English - CCTV News

Free trade area boosts ASEAN trade

07-01-2010 13:57 BJT

Watch Video

Play Video

The China-ASEAN Free Trade Area took effect on the first day of this year, and trade volume between ASEAN countries have surged significantly since then.

This is Southeast Asia's infamous Golden Triangle, but the "gold" now refers to the thriving international trade among neighboring countries.

In the northeast Thai city of Mae Sai, made-in-China products are everywhere. The city doesn't share a border with China, but it seems Chinese products have found a lucrative market across country lines.

Products from China have also found popularity in Burma and Laos, especially in the bordering cities.

The FTA not only brings cheaper Chinese products to ASEAN countries, but also new opportunities for ASEAN businesses.

The export volume from Thailand to China jumped more than 80 percent in the first two months of this year, compared to the same period of last year. China is now Thailand's largest export market.

In the first five months of this year, trade between China and ASEAN countries increased by nearly 60 percent. ASEAN members have jointly surpassed Japan to become China's third largest trade partner.

Although Chinese products are popular in ASEAN countries, locals are mostly attracted by the competitive price point.

Consumer in Bangkok said "Chinese products are cheap."

The FTA is boosting trade between ASEAN countries. But businesses hope infrastructure and services will be upgraded, to further promote and develop trade.

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program