久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / RCEP Media & Think Tank Forum

China, ASEAN trade to benefit from deal

New agreement to boost cooperation, mitigate risks from unilateralism

By ZHONG NAN in Beijing and WANG KEJU in Haikou | China Daily | Updated: 2025-05-26 09:19
Share
Share - WeChat
Participants listen to an address on Jointly Building High-Level and Largest Free Trade Area during the 2025 RCEP Media& Think Tank Forum in Haikou, Hainan province, on Sunday. CHINA DAILY

The implementation of Version 3.0 China-ASEAN Free Trade Area agreement will further bolster supply chain cooperation and catalyze industrial upgrading, experts said on Sunday, just a few days after negotiations on the deal were completed.

Speaking at a thematic dialogue of the 2025 RCEP Media & Think Tank Forum held in Haikou, Hainan province, they said CAFTA 3.0 will not only upgrade the cooperation in the Regional Comprehensive Economic Partnership, but also mitigate risks brought by unilateralism.

Economic and trade ministers from China and the 10 Association of Southeast Asian Nations member states announced last week the full completion of CAFTA 3.0 negotiations.

Both sides will move forward with their domestic signing and ratification processes, aiming to formally sign the CAFTA 3.0 upgrade protocol by the end of this year, according to China's Ministry of Commerce.

CAFTA 3.0 will help both China and ASEAN reconfigure global value chains, deepen mutual openness and boost cooperation in emerging industries, said Zhang Lijuan, a professor of international trade and world economy at Shandong University.

"As both sides are member economies of the RCEP, this will also inject fresh momentum into the pact's growth in the next stage," Zhang said.

China-ASEAN trade reached 2.38 trillion yuan ($329.62 billion) in the first four months of this year, up 9.2 percent year-on-year, accounting for 16.8 percent of China's total foreign trade, according to statistics from the General Administration of Customs.

CAFTA 3.0 will establish an inclusive, modern, comprehensive and mutually beneficial free trade framework. It incorporates nine new chapters on areas such as the digital economy, green economy, supply chain connectivity, and economic and technical cooperation.

Huang Qunhui, a member of the economic committee of the 14th National Committee of the Chinese People's Political Consultative Conference, said these additions will enable both sides to strengthen regional economic integration under new conditions, significantly enhance industrial and supply chain collaboration, and serve as a pioneering step for other bilateral or multilateral free trade deals.

For instance, despite significant progress, disparities in infrastructure development between China and ASEAN countries persist, with the digital divide posing a challenge to integration.

The CAFTA 3.0 framework will help bridge this gap and support more balanced, inclusive growth, said Huang, who is also a senior research fellow at the Institute of Economics at the Chinese Academy of Social Sciences.

Echoing this sentiment, Alvin Ang, senior researcher at Brunei's Centre for Strategic and Policy Studies, said small economies like Brunei integrate into trade agreements not just for foreign capital, but also for guidance and support, ensuring these investments yield meaningful results.

The upgrade of free trade agreements benefits not only individual countries, but also strengthens the broader regional trade community, he said.

Supreme Intelligent Technology Co, a Ningbo, Zhejiang province-based manufacturer of sewing machine equipment, welcomed the conclusion of the CAFTA 3.0 talks as a positive step forward.

"Our products are in high demand in Southeast Asian countries such as Vietnam, Myanmar and Cambodia," said Luo Qian, the company's president.

Supreme Intelligent Technology Co saw its exports to the ASEAN market surge 30 percent year-on-year to 80 million yuan between January and April, data from Ningbo Customs showed.

As an increasing number of manufacturers in Southeast Asia are keen to adopt advanced robotics systems and automated production lines to reduce their reliance on manual labor, Luo said that the implementation of CAFTA 3.0 will further enable more Chinese companies to seize new opportunities in the region.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 91久久亚洲精品一区二区 | 日韩精品一区二区三区不卡 | 亚洲一级毛片免费看 | 国产九九免费视频网站 | 久久精品国产99久久99久久久 | 久久香蕉国产视频 | 亚洲精品久久久久网站 | 亚洲精品欧美日韩 | 欧美日韩精品一区二区三区 | 国产精品揄拍一区二区 | 日韩一级片在线免费观看 | 精品国产区 | 国产v欧美v日韩在线观看 | 久草在线国产 | 色综合久久久 | 国产一级大片免费看 | 国产a一级毛片午夜剧院 | 日本aaaa级| 精品手机在线视频 | 欧美日韩在线永久免费播放 | 黄色在线播放 | 亚洲网站视频在线观看 | 国产精品欧美亚洲韩国日本 | 国产综合成人亚洲区 | 色综合夜夜嗨亚洲一二区 | 亚洲视频在线一区 | 亚洲欧美一区二区三区在线播放 | 日日摸人人拍人人澡 | 国产免费一区二区三区免费视频 | 欧美亚洲国产成人综合在线 | 久久黄色精品视频 | 中文字幕va一区二区三区 | 在线视频日本 | 久久精品a亚洲国产v高清不卡 | 欧美一级一极性活片免费观看 | 亚洲制服丝袜美腿亚洲一区 | 成人a毛片| 欧美xxxx性xxxxx高清视频 | 免费在线精品视频 | 亚洲综合网在线观看 | 国产性自拍 |