Home News Ministry of Commerce: Launched the construction of version 3.0 of China-ASEAN Free Trade Area_ 东方 Fortune.com

Ministry of Commerce: Launched the construction of version 3.0 of China-ASEAN Free Trade Area_ 东方 Fortune.com

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Summary

[Ministry of Commerce: Launching the construction of version 3.0 of the China-ASEAN Free Trade Area]The spokesperson of the Ministry of Commerce Shu Jueting introduced that in the next step, we will work with the ASEAN side to fully implement the important consensus reached by the leaders of both sides in the economic and trade field. The construction of version 3.0 of the China-ASEAN Free Trade Area will work together to build an inclusive, modern, comprehensive, and mutually beneficial China-ASEAN economic and trade relationship, and contribute to building a closer China-ASEAN community with a shared future. (CCTV News Client)

At the regular press conference held by the Ministry of Commerce today (November 25), spokesperson Shu Jueting introduced that since the establishment of dialogue relations between China and ASEAN 30 years ago, the economic and trade cooperation between the two sides has continued to deepen, and the economic integration has been deepened. vitality.

Statistics show that in the past 30 years, the scale of China-ASEAN trade has increased from less than US$8 billion in 1991 to US$684.6 billion in 2020, an increase of more than 80 times. Since 2009, China has maintained ASEAN’s largest trading partner for 12 consecutive years; in 2020, ASEAN has become China’s largest trading partner for the first time. In the first 10 months of this year, China-ASEAN trade volume has reached 703.3 billion U.S. dollars, an increase of 30% year-on-year, and will hit a record high throughout the year. China-ASEAN two-way investment cooperation is booming, and the two sides are each other’s important sources of foreign investment. Up to now, the total two-way investment between China and ASEAN has reached approximately US$300 billion. The two sides work together to promote the implementation of a large number of cooperation projects that benefit the national economy and people’s livelihood, accelerate interconnection, have good overall benefits, and have a great driving effect, and have made positive contributions to promoting the prosperity and development of the regional economy and society.

The spokesperson of the Ministry of Commerce Shu Jueting: In the next step, we will work with the ASEAN to fully implement the important consensus reached by the leaders of the two sides in the economic and trade field, start the construction of the China-ASEAN Free Trade Area Version 3.0, and work together to build an inclusive and modern , Comprehensive and mutually beneficial China-ASEAN economic and trade relations, and contribute to building a closer China-ASEAN community with a shared future.

(Source: CCTV News Client)

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