China pitches itself as alternative to US protectionism after signing expanded ASEAN free trade pact
The upgraded ASEAN-China Free Trade Area 3.0 pact focuses on digital trade, green economy, and SME support, covering a market of over 2 billion people, 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.
46 Articles
46 Articles
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…
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.
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