Home  |  News  |  Photo  |  Video   |  Travel  |  Learn Chinese  |  Opinions  |  EZFM  |  NEWS Plus  |  CHINA PLUS
China Eyes Upgraded China-ASEAN FTA
   2014-09-17 06:36:27    Xinhua      Web Editor: Guo

Chinese Vice Premier Zhang Gaoli (3rd L, front) and Singapore Prime Minister Lee Hsien Loong (2nd L, front) attend the launching of the Singapore section during the 11th China-ASEAN Expo, also the 11th China-ASEAN Business and Investment Summit, in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, Sept. 16, 2014. [Photo: Xinhua/Wang Ye]

China looks forward to an upgraded China-ASEAN Free Trade Area (CAFTA) and vows efforts to improve its quality and performance, Chinese Vice Premier Zhang Gaoli said on Tuesday.

Zhang made the comments while addressing the 11th China-ASEAN Expo, which started on Tuesday in Nanning in south China's Guangxi Zhuang Autonomous Region.

He said he expects efforts to promote business exchanges and lay down a foundation for the Regional Comprehensive Economic Partnership (RCEP) and other regional free trade agreements.

"We welcome the official launch of the negotiation between the two sides on upgrading CAFTA," Zhang said. He said he hopes the working plan for the next stage will be determined as soon as possible.

"We should open the market wider, reduce tariffs, and carry out a new round of negotiation on service trade commitments," he said.

He also proposed cooperation agreements on small and medium-sized enterprises, energy, environment and sustainable development, as well as on deepening economic, trade and investment cooperation.

China aims to elevate bilateral trade with ASEAN to 500 billion U.S. dollars by 2015 and one trillion U.S. dollars by 2020.

Zhang said China encourages domestic companies to invest in ASEAN countries and welcomes companies from ASEAN to set up industrial parks in China.

China is also willing to discuss with ASEAN countries about establishing cross-border economic cooperation zones in border areas to make border areas a bond that integrates the interests of the two sides, Zhang added.

China is ASEAN's largest trading partner, while ASEAN ranks as China's third-largest trading partner. Bilateral trade between China and ASEAN increased 10.9 percent year on year to 443.61 billion U.S. dollars in 2013, around 5.7 times that of 2003.

1  2  3  
CRI Interview with Former Australian Foreign Minister
At the 5th World Peace Forum, CRI had an exclusive interview with Bob Carr, Former Australian Foreign Minister.
Along the Silk Road: Haji Fida Hussain--Pakistani Export Tycoon
Pakistani businessman Haji is exporting Chinese goods all over the world.



CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

The Sound Stage
China Revealed
My Chinese Life
Photo Gallery
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ