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China & ASEAN pledge to strengthen free trade
05 Aug '22
1 min read
Pic: 123rf.com/ eyeofpau
China and ASEAN (Association of Southeast Asian Nations) have reiterated their commitment towards reaching a free trade agreement between the two parties. China’s state councillor and foreign minister Wang Yi said that both sides should collaborate to promote the Belt and Road initiative and that more countries should contribute to the building of the New International Land-Sea Trade Corridor and ensure the safe and efficient movement of industrial and supply chains.
At a recent China-ASEAN foreign ministers' meeting, which was held at Phnom Penh, Cambodia, and co-chaired by Wang and Cambodian deputy Prime Minister and foreign minister Prak Sokhonn, the ministers voiced their support for the Regional Comprehensive Economic Partnership (RCEP) and its implementation.
Wang also said that both sides should team up to advocate for high-quality RCEP implementation, extend cooperation regarding the digital and green economy, and speed up the follow-up negotiations on the China-ASEAN Free Trade Area.
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