China pitches itself as alternative to US protectionism after signing expanded ASEAN free trade pact
The upgraded ASEAN-China Free Trade Area 3.0 broadens collaboration in digital trade, green economy, and supports small businesses in a market of over 2 billion people, officials said.
- China and ASEAN signed an expanded free trade agreement during the 47th ASEAN Summit in Kuala Lumpur, witnessed by Chinese Premier Li Qiang and Malaysian Prime Minister Anwar Ibrahim.
- The pact aims to broaden economic collaboration in infrastructure, digital trade, and environmental efforts while promoting people-to-people exchanges, according to China's State Council.
- Philippine President Ferdinand Marcos Jr. welcomed the trade pact but stated that cooperation cannot coexist with coercion from China in disputed territories.
- Experts noted that the ASEAN-China Free Trade Area 3.0 is expected to enhance trade and support sustainable economic growth despite underlying regional tensions.
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China and southeast asian countries sign upgraded free trade agreement
China and the Association of Southeast Asian Nations (ASEAN) signed the China–ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol in Kuala Lumpur on Monday, marking the latest step in regional economic integration. The protocol, signed by Chinese Minister of Commerce Wang Wentao and ASEAN economic ministers, updates a framework that first entered into force in 2010. According to China’s Ministry of Commerce, the upgrade expands cooperation in nin…
Association of Southeast Asian Nations Signs Free Trade Agreement Upgrade with China
The Association of Southeast Asian Nations (ASEAN) on Tuesday signed an “upgraded” free trade agreement with China. The post Association of Southeast Asian Nations Signs Free Trade Agreement Upgrade with China appeared first on Breitbart.
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.
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