Distribution in Asia
The China-Australia Free Trade Agreement signed on 17 June 2015. Being the world’s most population dense country, with almost 1.4 billion people at the end of 2017, China has a GDP of US$12.9 trillion as of 2017, which comes second in the world. With US$4.1 trillion international trade value as of 2017, China is one of the world’s largest trading countries.
Hong Kong has a GDP of around US$341 billion in 2017 and a population of about 7.41 million people. It is one of the world’s major leading international financial centres. The Hong Kong dollar was the 8th most traded currency in the world in 2010, and their stock exchange was the 6th largest in 2017.
Macau is the most densely populated region in the world, 0.653 million people packed on 30.5 kilometer square of land., Macau has a GDP of US$48.5 billion as of 2017. With most of their economy based on tourism and gaming, exports also count for a portion of their finance. Macau has been able to build economic and trade relationships with more than 120 countries and regions across the world.
Taiwan is one of the most population dense countries in the world with about 650 people per km² in 2017. Their estimated GDP was US$610 billion in 2017. Taiwan now has a very dynamic and export-driven economy with US$576.9 billion of total trade in 2017.
The Singapore-Australia Free Trade Agreement came into effect in July 2003. Singapore has a GDP of US$447 billion and a population of 5.61 million as of 2017. With a highly developed market economy based primarily on trade, Singapore’s economy is known for its freedom, innovation and competitiveness, and for being business-friendly. Due to its location, capable workforce, low tax rates and cutting-edge infrastructure, it receives a large amount of foreign investment.