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Asean, China to strengthen Free-Trade Agreement (FTA)

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.

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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.

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