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As the world`s second-largest economy and a major player in international trade, China has been actively pursuing free trade agreements with various countries and regions around the globe. These agreements are aimed at reducing trade barriers and promoting economic growth by increasing market access and fostering closer economic ties between China and its trading partners.

China currently has 17 free trade agreements (FTAs) in force with countries including ASEAN, Australia, Chile, Costa Rica, Georgia, Iceland, Israel, Japan, Korea, Maldives, Mauritius, New Zealand, Pakistan, Peru, Singapore, Switzerland, and the Eurasian Economic Union. These agreements cover a wide range of industries including agriculture, manufacturing, services, and e-commerce.

One of the largest and most comprehensive free trade agreements China has signed is the Regional Comprehensive Economic Partnership (RCEP), which includes 15 countries in the Asia-Pacific region. The RCEP was signed in November 2020 and covers a region that accounts for approximately 30% of global GDP and population. It is expected to significantly boost trade and investment flows between China and its trading partners and further integrate the region`s economies.

China is also in negotiations for several other FTAs, including with the European Union and the Gulf Cooperation Council. These agreements are expected to further increase China`s market access and enhance economic cooperation with these regions.

For businesses and investors, these free trade agreements offer numerous benefits such as reduced tariffs, simplified customs procedures, and enhanced protection and enforcement of intellectual property rights. These agreements also create more opportunities for cross-border investment and trade, which can drive economic growth and job creation.

As China continues to expand its international trade relationships through free trade agreements, it is important for businesses and investors to stay informed and take advantage of the opportunities available. By understanding the benefits and requirements of these agreements, businesses can position themselves to access new markets and grow their businesses in an increasingly interconnected global economy.