ASEAN Network of Free Trade Agreements

The Association of Southeast Asian Nations (ASEAN) stands as a pivotal regional organization dedicated to enhancing trade relations, promoting collaboration, and fostering sustainable development among its diverse member states. Central to ASEAN's economic strategy is its extensive network of Free Trade Agreements (FTAs), which play a crucial role in advancing economic integration and regional prosperity.

The network of FTAs encapsulates ASEAN's commitment to open markets and economic collaboration. It comprises agreements at varying stages of negotiation, implementation, and study, reflecting ASEAN's multifaceted approach to economic engagement.

ASEAN's FTA network is characterized by its diversity, encompassing agreements with nations worldwide. A snapshot of these agreements reveals the association's dedication to fostering economic relationships with partners from various regions:

Free Trade Agreements of ASEAN:

• ASEAN-Canada FTA: Negotiations launched in 2021.

• ASEAN-Eurasian Economic Union Free Trade Agreement: Proposed/under study since 2016.

• ASEAN-Pakistan Free Trade Agreement: Proposed/under study since 2009.

• ASEAN-Hong Kong, China Free Trade Agreement: Signed and In Effect since 2019.

• Comprehensive Economic Partnership for East Asia (CEPEA/ASEAN+6): Proposed/under study since 2005.

• ASEAN-EU Free Trade Agreement: Proposed/under study since 2007.

• ASEAN-People's Republic of China Comprehensive Economic Cooperation Agreement: Signed and In Effect since 2005.

• ASEAN-Australia and New Zealand Free Trade Agreement: Signed and In Effect since 2010.

• ASEAN-Japan Comprehensive Economic Partnership: Signed and In Effect since 2008.

• ASEAN-Republic of Korea Comprehensive Economic Cooperation Agreement: Signed and In Effect since 2007.

• ASEAN-India Comprehensive Economic Cooperation Agreement: Signed and In Effect since 2010.

• ASEAN Free Trade Area: Signed and In Effect since 1993.

ASEAN's FTA network serves as a vital tool for regional integration, fostering collaboration, investment, and technology transfer. These agreements facilitate the flow of goods, services, and capital, nurturing innovation and growth among member states. Furthermore, they harmonize trade regulations, reduce barriers, and promote sustainable development in alignment with ASEAN's broader objectives. ASEAN's extensive network of Free Trade Agreements underscores its commitment to economic collaboration, trade facilitation, and regional integration. ASEAN's FTA network reflects its proactive approach to harnessing the potential of economic integration while preserving the individual strengths of its member states.