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China, ASEAN aim to strengthen relations

By PRIME SARMIENTO in Hong Kong, YANG WANLI in Bangkok and LEONARDUS JEGHO in Jakarta | China Daily | Updated: 2024-01-04 08:00
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Vehicles line up at a toll station on the Phnom Penh-Sihanoukville Expressway in Phnom Penh, Cambodia, on July 23. The first Chinese-invested expressway has been giving a significant boost to Cambodia's economic growth and tourism development. PPSHV EXPRESSWAY/XINHUA

Significant strides

"The economic integration between China and ASEAN has made significant strides over the past decades, which were marked by intensified collaboration within industrial and supply chains," Phumtham said.

China and ASEAN are also advancing negotiations of the 3.0 version of the ASEAN-China Free Trade Area, or ACFTA, this year, with a focus on incorporating new growth points in the digital and green economies, he said.

The ACFTA is ASEAN's oldest free trade pact among its dialogue partners. Current negotiations in ACFTA 3.0 cover different areas, including digital economy, green economy, supply chain connectivity, competition, consumer protection, and micro, small and medium enterprises.

Moving forward, experts said ASEAN-China relations are expected to endure despite tensions over the South China Sea, weaker global economic outlook and geopolitical conflicts.

Aloysius Lele Madja, a former Indonesian diplomat, said the future of ASEAN-China ties will depend on each party balancing their respective interests and how they each view the idea of shared prosperity and promoting global justice and peace.

Dzakwan said the relationship between the two parties will get stronger even amid external headwinds.

"Competition and disagreement, if not tensions, will undoubtedly take place. That is the consequence of living side-by-side as neighbors and the rise of both parties as leading economies," he said. "But the good thing about the ASEAN-China relationship is that we always manage to find our way of resolving disagreements and stabilize the relationship."

Contact the writers at prime@chinadailyapac.com.

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