ASEAN and China sign 3.0 upgrade to Free Trade Agreement

發佈日期: 2025-10-28 20:57
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China and the ASEAN bloc of Southeast Asian nations have signed an upgrade to their free trade agreement, with leaders hailing a deal that spans the digital and green economy, and other new industries.

The 11-member Association of Southeast Asian Nations is China's largest trading partner, with bilateral trade totalling 771 billion US dollars last year.

The so-called 3.0 version of the free trade agreement between ASEAN and China was signed into effect in Kuala Lumpur at a summit of the bloc's leaders.

China is seeking to intensify its engagement with ASEAN, a region with a collective gross domestic product of 3.8 trillion dollars, to counter hefty import tariffs imposed by the US.

Premier Li Qiang said China and ASEAN must accelerate trade and investment liberalisation and strengthen industrial integration and inter-dependence.

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