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Recent developments of CAFTA and its implications for Hong Kong companies
The formal establishment of the China-ASEAN Free Trade Area (CAFTA) in 2010 created the world?s largest free trade area by population, embracing more than 1.9 billion people. With a combined GDP estimated at about US$10.6 trillion, CAFTA is the third largest free trade area in the world, trailing only the European Union (EU) and North American Free Trade Agreement (NAFTA) in terms of overall economic stature. As a sign of its growing significance,
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