China pitches itself as alternative to US protectionism after signing expanded ASEAN free trade pact
The 3.0 free trade pact enhances digital, green economies and supply chains, supporting over 2 billion people and boosting $785 billion in trade, officials said.
- The Asean-China Free Trade Area 3.0 Upgrade Protocol was signed on October 28, marking a significant step in regional economic cooperation between ASEAN and China, which includes key ministers and leaders attending the ceremony.
- Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that this upgraded agreement addresses new areas like the digital economy and green development.
- The agreement aims to modernize trade frameworks, improve customs procedures, and promote collaboration on micro, small, and medium enterprises among ASEAN countries and China.
- The signing of the protocol reflects both sides' commitment to adapting to global economic changes and is seen as significant for future economic partnerships in the region.
42 Articles
42 Articles
Will the US-China trade war come to an end? Two days away from a decisive meeting between the US and Chinese presidents in South Korea, customs duties are more in the forefront than ever before. Beijing has decided to strengthen its relations with its regional partners in the Asean by signing a strengthened Free Trade Agreement.
China Signs Expanded ASEAN Free Trade Pact, Pitches Itself As Alternative To US Protectionist Policies
China and the Association of Southeast Asian Nations (ASEAN) signed an expanded Free Trade Agreement (ACFTA 3.0) in Kuala Lumpur, aiming to boost regional economic integration, digital trade, and the green economy.
China, ASEAN Ink New Trade Deal, Eye Digital Future
China and the Association of Southeast Asian Nations (ASEAN) signed an upgraded free trade agreement (FTA) on Tuesday, expanding cooperation into the digital and green economies. The deal, known as the ASEAN-China FTA 3.0, was finalized at a leaders’ summit in Malaysia, marking a new phase in a partnership that began in 2010. ASEAN is […] The post China, ASEAN Ink New Trade Deal, Eye Digital Future appeared first on Modern Diplomacy.
Asean, China ink upgraded free trade deal amid US trade tariffs
KUALA LUMPUR — The Association of Southeast Asian Nations (Asean) and China signed an upgraded free trade deal Tuesday covering the digital and green economy sectors and supply chain connectivity, amid steep US tariffs on the bloc's members and intensifying trade friction between Beijing and Washington.
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