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ASEAN, China bolster trade partnership

Economic ministers of the 10 ASEAN member countries and China have agreed to bolster the bilateral trade during their meeting on the sidelines of the 51st ASEAN Economic Ministers’ Meeting (AEM 51) in Bangkok.
ASEAN, China bolster trade partnership ảnh 1The factory of Vietnam's Garment 10 Corporation in Hanoi (Photo: VNA)

Bangkok (VNA) – Economic ministers of the 10 ASEAN membercountries and China have agreed to bolster the bilateral trade during theirmeeting on the sidelines of the 51st ASEAN Economic Ministers’Meeting (AEM 51) in Bangkok.

Thai Deputy Prime Minister and Minister of Commerce JurinLaksanawisit was quoted bylocal media as saying on September 9 that ASEAN countries and China have agreedto work together in the framework ofthe ASEAN-China free trade agreement in three areas, which are negotiations for the opening of more markets, updates to regulations regarding products’Rules of Origin and freeinvestment zones.  

At the meeting, Thailand asked China to provide 130 million CNY for the implementation of several projects designed to stimulate economicgrowth in the ASEAN, such as the R3A road connecting Bangkok in Thailand and Kunming in China, developing new-generationentrepreneurs and developing online commerce in Cambodia, Laos, Myanmar,Vietnam and Thailand.

China is the leading trade partner of ASEAN, with bilateral tradereaching 479 billion USD in 2018, accounting for 17 percent of ASEAN’sinternational trade value.

The AEM 51 and related meetings took place from September 3-10 inBangkok, Thailand, with the participation of economic officials from the 10member countries of ASEAN and partner countries.

Within the framework of the AEM 51, a series of related meetings were also held, including the 33rd ASEAN Free Trade Area Council Meeting, the 22ndASEAN Economic Ministers-ASEAN Investment Area (AEM-AIA) Council Meeting, consultationsbetween ASEAN and its partner countries, and the 7th Regional Comprehensive Economic Partnership (RCEP)Ministerial Meeting.-VNA
VNA
#ASEAN-China trade#ASEAN-China free trade agreement#51st ASEAN Economic Ministers’ Meeting#AEM 51#Thai Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit#RCEP#updated Vietnam news#Vietnamplus#Vietnam News Agency
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