Establishment of Asian free trade zone positive on trade (2)

ADBI found that Chinese enterprises use FTAs most frequently as they are very active in engaging in regional or global production cooperations.

Masahiro said enterprises should learn more to use FTAs to boost exports, and governments should help them grasp a better understanding of FTA items.

Small and medium-sized enterprises (SMEs) are essential for China's economic growth, and the country should support SMEs to better use FTA, according to Masahiro.

A FTA eliminates tariffs, import quotas and preferences on most (if not all) goods and services traded among economies that have signed it.

China, Japan and the ROK launched FTA negotiations on Nov. 20 during a series of meetings of East Asian leaders in Cambodia's Phnom Penh.

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