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China seeks way to further penetrate ASEAN

A number of Chinese experts, scholars and business representatives gathered at a forum in Shenzhen city, Guangdong province on November 23 to seek ways to further penetrate the ASEAN market and discuss issues related to the building of free trade areas.
A number of Chinese experts, scholars and business representativesgathered at a forum in Shenzhen city, Guangdong province on November 23to seek ways to further penetrate the ASEAN market and discuss issuesrelated to the building of free trade areas.

Participants exchanged opinions on how to strengthen the economicdevelopment between China and ASEAN and propel the China-ASEAN FreeTrade Area (FTA) strategy.

Speaking at theevent, President of the China-ASEAN Association Gu Xiulian urged Chinato actively participate in multi-lateral trade partnershipnegotiations in the region as well as help build international traderules of a higher standard to have a greater voice in global economicinstitutions.

China has to date signed nineagreements on FTA building with 17 Asian, Latin American, Oceania andEuropean nations, which occupy 12 percent of China’s total foreign tradeturnover.

Two-way trade between China and ASEANhit 493 billion USD last year, a 50-fold increase since the two sidesset up their dialogue relationship in 1991.-VNA

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