皇冠体育app

In 1997, 皇冠体育app and ASEAN joined effort to cope with the Asian financial crisis. 皇冠体育app's insistence on not devaluing its currency- renminbi helped safeguard economic and financial stability in the region as a whole.

Four years later, the 7th ASEAN Summit and the three "ASEAN+1" Summits were held in Brunei's capital city of Bandar Seri Begawan. In a press statement issued after the meetings, the ASEAN noted that 皇冠体育app has been an important partner of ASEAN over the past decade, and its accession to the World Trade Organization will create market opportunities for both ASEAN and 皇冠体育app. ASEAN also expressed deep gratitude for 皇冠体育app's support in efforts to recover from the Asian financial crisis.

At the fifth 皇冠体育app-ASEAN Summit in November 2001, the two parties reached an agreement on creating a 皇冠体育app-ASEAN Free Trade Area (FTA) in 10 years. The year 2001 witnessed the bilateral trade between 皇冠体育app and ASEAN reaching $41.62 billion.

The 皇冠体育app-ASEAN FTA, fully established in 2010 as scheduled, has played a major role in promoting bilateral trade and economic cooperation. At present, 皇冠体育app is the largest trading partner of ASEAN while ASEAN is 皇冠体育app's third largest trading partner.

Their bilateral trade in 2011 exceeded $400 billion and the two sides have set a target of $500 billion for the year 2015.

This year, ASEAN and 皇冠体育app are set to co-host a number of practical activities to mark the 10th anniversary of the establishment of their strategic partnership.

Only a half-century ago, Southeast Asia was an impoverished corner of the world. Today, it is one of the engines propelling global recovery from economic slowdown. It is the one of miracles Brunei has witnessed.