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ASEAN, China promote trade, investment

The ministers of trade and economics from Southeast Asian countries have participated in the ASEAN Economic Ministers (AEM) Roadshow in Chengdu, Shanghai and Beijing, China, from October 22-26.
The ministers of trade and economics from Southeast Asian countries haveparticipated in the ASEAN Economic Ministers (AEM) Roadshow in Chengdu,Shanghai and Beijing, China, from October 22-26.

Anumber of trade and investment promotion seminars were held as part ofthe event, drawing great interest from Chinese officials andbusinesspeople.

Addressing the meeting withASEAN ministers in Beijing on October 25, Deputy Premier Wang Yangstated that China and ASEAN are important cooperative partners.

He added that China is ready to kick start negotiations on the upgrade of the China-ASEAN Free Trade Area (CAFTA).

At a press conference reviewing the event, Chinese Trade Minister GaoHucheng affirmed that trade and investment cooperation between China andASEAN has grown hugely.

China is ASEAN’s largestpartner while ASEAN is China’s thirst largest. Both sides have set upthe largest free trade area in terms of population and the third largestin terms of GDP in the world.

In the past ninemonths, two-way trade between China and ASEAN hit 322.36 billion USD, anincrease of 11.6 percent. By the end of August, two sides’ investmentneared 110 billion USD.-VNA

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