Asean and Chinese leaders will ink two agreements facilitating trade growth between the two sides under the Asean-China Free-Trade Agree-ment (FTA) at their bilateral summit this month.

The two sides’ leaders are scheduled to meet  on November 18 in Cambodia during a summit of the Asean leaders plus those of six partner countries.

Commerce Ministry Inspector-General Boonyarit Kalayanamit said that trade and investment between Asean and China should grow following the recent agreement of both sides to eliminate technical trade barriers.

The first agreement to be signed by Asean and China would eliminate technical trade barriers and sanitary and phytosanitary (animal and plant health) standards. The second would support free trade by giving officials more flexibility in drawing up rules to facilitate business growth between Asean and China.

via Asean, China intend to strengthen FTA.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Global Woes Cast Shadow over ASEAN+3 Growth

The continuing strict dynamic zero-COVID policy and real estate sector weakness in China and potential recessions in the United States and the euro area are weighing on the region’s outlook.

ASEAN’s Trade Relations with Russia

The ASEAN trade space with Russia has taken a hit during 2022, although ASEAN-Russia trade grew 34 percent in 2021, to reach US$20 billion, it will struggle to reach that this year.

China M&A deal value soars 50% YoY in Q3 2022

Even though the global deal value saw a 48% year-on-year drop in Q3 2022, China still managed to record 50% growth during the quarter, according to GlobalData, a leading data and analytics company.