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Carry out Research on China-ASEAN International Ta.doc
Carry out Research on China-ASEAN International Ta
Regional Economic Cooperation and Taxation
According to statistics of Ministry of Commerce of China, it is shown that: in the last 15 years, bilateraltrade volumes between China and ASEAN has scaledup by average 20% annually and reached 130.4 billiondollars in 2005, which is higher than 23.1% than lastyear; China and ASEAN have become the fourth tradepartner each other and their trade cooperation hasentered into a new stage for further development. Inthe aspect of investment and service, by the end of2005, ASEAN nations has invested near 30 thousandprojects in China with 38.5 billion dollars of practicalinvestment; Chinese enterprises have signed workcontracts worth 35 billion dollars of total sum in ASEANcompleting 23.2 billion dollars of turnover. Along withthe implementation of Agreement on Trade in Goodsand Agreement on Trade in Services, CAFTA hasquickened the negotiation on Investment Agreement.Especially Chinese government has increased 5 billiondollars concessional loans for supporting Chineseenterprises investment projects in ASEAN nations, sothere will be more and more Chinese enterprises toselect ASEAN nations as their primary investmentdestinations and it will been witnessed that regionaleconomic cooperation develops like a raging fire.
Meanwhile, settlement in Nanning of China-ASEANExpo has driven the rapid development of economicaltrade communications between Guangxi and ASEANnations. According to statistics of Nanning custom, it isshown that: bilateral trade volumes between Guangxiand ASEAN nations exceeded 1 billion dollars in thefirst time in 2004 and reached 1.49 billion dollars fromJuly of 2005 to June of 2006; during January to July of2006, 937 million dollar of bilateral trade volumes arecreated with 49.4% higher than the same term of 2005,among which import volumes reached 419 milliondollars increased by 110% and import reached 518million dollars increased by 22.2% .Economiccoo
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