Can China grant the same import tariff replacement of nearly 0% to other countries that are not members of ASEAN? I believe that now the import duty between ASEAN countries or countries that have a free trade agreement with ASEAN member countries, the import duty between them is zero. List of agreements negotiated in the negotiation process. Agreements that have so far only been discussed without formal action by the parties concerned are not listed. An interactive list of bilateral and multilateral free trade instruments is available on the TREND Analytics website. [59] In 2002, when the CEFTA was just beginning, bilateral trade totalled $54.8 billion. In 2014, the volume of bilateral trade increased to $480.4 billion, 9 times more than in 12 years of 20% annual growth. Many of these free trade agreements, once concluded, will be implemented gradually, meaning that advisors making inbound investments in China from one of these countries or regions will need to be up to date with the latest developments so that their clients can take full advantage of what they can and will offer later. Trade between China and South Korea rose from $6.4 billion in 1992, when the two countries established diplomatic relations, to $235.4 billion in 2014. .