BEIJING, Aug. 28 (Xinhua) -- The China-ASEAN Expo has
become a propeller to the China-ASEAN (the Association of Southeast Asian
Nations) Free Trade Area (FTA) construction, said an official with the Expo's
organizing committee on Thursday.
Gao Hucheng, vice co-chair of the China-ASEAN Expo
Organizing Committee and Chinese vice minister of Commerce, made the remarks at
a press conference of the State Council's Information Office.
He said the successful four rounds of Expo have
effectively transformed the FTA construction from paperwork consensus reached by
state leaders to pragmatic moves of business circles, which has injected a
powerful drive for the FTA's construction.
The two sides have reached an agreement to complete a
China-ASEAN Free Trade Area before 2010.
The China-ASEAN FTA is the first free trade area
agreement signed by China. Since the conclusion of the Framework Agreement on
Comprehensive Economic Cooperation between China and ASEAN in 2002, particularly
since 2004, "the FTA construction has gained year-on-year growth," Gao said.
In November 2004, both sides concluded the FTA
agreement on trade in goods, which came into effect in July 2005, reducing
tariff rates on 7,000 commodities. In January 2007, the FTA agreement on trade
in service was also signed.
Both sides have made commitments to opening up over
60 service sectors, which are more favorable than the commitments made among
World Trade Organization members, Gao noted.
In addition, negotiations on investment have gained
positive results, Gao said, noting that upon its completion, the China-ASEAN FTA
will witness a total economic aggregate of 5.2 trillion U.S. dollars and a total
trade volume of 4.5 trillion U.S. dollars. With a population of 1.9 billion
people, the China-ASEAN FTA will become the most populous FTA in the world, Gao
said.
He also stressed that over the past five years, the
Expo has always kept pace with the FTA construction.
Over 98 percent of Expo exhibits are products that
are listed in the FTA tariff-reduction program.
As FTA construction has sped up, trade between China
and ASEAN has maintained fast growth.
The bilateral trade volume was only 105.88 billion
U.S. dollars in 2004, while in 2007, the number jumped to 202.5 billion U.S.
dollars, Gao said.
He pointed that as the China-ASEAN trade volume
accounts for 10percent of China's total trade volume, ASEAN has in fact become
the fourth largest trading partner of China.
He said, in the first half of this year, bilateral
trade volume has reached 115.789 billion U.S. dollars, up by 25.8 percent over
the same period of last year.
"As this momentum continues, ASEAN is expected to
take Japan's place to be China's third largest trading partner in 2010, only
after the EU and the United States," said Gao.
Li said, the fifth Expo will spotlight the
Information and Communication Technology (ICT) cooperation. During the event,
the Ministry of Industry and Information of China will sponsor the third
China-ASEAN ICT Week as well as relevant forums.