The ASEAN Free Trade Area (AFTA) was realized on 1 January 2010, with the ASEAN-6 removing the duties on 99.65 per cent of all tariff lines under the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area (CEPT-AFTA), while Cambodia, Laos, Myanmar and Viet Nam have reduced 98.96 per cent of total tariff lines to 0.5 per cent range. The ASEAN trade in Goods Agreement (ATIGA) also came into effect on 17 May 2010. The main sources of FDI inflows to ASEAN are with its Dialogue Partners – the European Union has a share of 18.3 per cent, Japan 13.4 per cent, and the United States 8.5 per cent. Inflows from sources within the Member States accounted for 11.2 per cent of ASEAN inflows In 2009, pushing ASEAN as the third largest source of investment in the region. The services, manufacturing, and mining and quarrying sectors were the top three components in FDI inflows into ASEAN. In addition to the positive figures that reflect ASEAN’s healthy economic relationships with its Dialogue Partners, the year 2010 also saw the implementation of various Free Trade Area (FTA) agreements with them. The ASEAN-China Free Trade Area (ACFTA) and the ASEAN-Korea Free Trade Area (AKFTA) were realized on 1 January 2010. Apart from the ACFTA, and the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), the ASEAN-India Trade in Goods Agreement and the ASEAN-China Investment also came into force on 1 January 2010.*
*Excerpt from: http://www.aseansec.org/24985.htm?bcsi_scan_2FDE53250A62532F=0&bcsi_scan_filename=24985.htm