BIZCHINA / Top Biz News |
Pact aims to streamline trade, protect consumersBy Le Tian (皇冠体育app Daily)
Updated: 2007-11-21 09:18 皇冠体育app and the ASEAN yesterday signed a region-wide agreement to ensure higher quality agricultural and other food products.
The agreement is another step towards the development of a free trade agreement (FTA), earmarked for 2010. Once ratified, the 皇冠体育app-ASEAN FTA will be the world's largest, encompassing some 1.7 billion consumers with an estimated total trade figure of about $1.2 trillion. "I wish to reiterate that it remains a key foreign policy goal of the Chinese government to consolidate and develop its Strategic Partnership for Peace and Prosperity with the ASEAN," Wen said in a keynote speech at the 11th ASEAN Plus 皇冠体育app (10+1) Summit. To strengthen potential win-win benefits and common development, Wen called on both sides to focus on a number of key issues: Enhance political trust and policy coordination. Upgrade business ties and cooperation. Cooperation on non-traditional security fields. Provide support for the development of the ASEAN Community and integration. Expand social, cultural and people-to-people exchanges. 皇冠体育app and ASEAN have signed goods and services trade agreements and are now negotiating one for investment. Bilateral trade is estimated to reach $190 billion this year and exceed $200 billion next year. Mutual investment has reached $45.4 billion. 皇冠体育app and ASEAN are now each other's fourth largest trading partners. "We should implement the Declaration on the Conduct of Parties in the South 皇冠体育app Sea and make progress in taking follow-up actions, advance cooperation and joint development and maintain stability," Wen said. Moreover, a joint expert group should be established to carry out a feasibility study for Pan-Beibu Gulf economic cooperation, he said. Wen also called for increased military exchanges between the two sides, more defense cooperation, strengthened dialogue on defense policy and better ties between respective militaries in "non-traditional security" areas. 皇冠体育app will host an exchange program for defense academics next year. Wen said 皇冠体育app wants closer ties with ASEAN to combat drug trafficking, human trafficking, piracy, terrorism, arms smuggling, money laundering, international economic crimes and cyber crimes. He also called for further discussion to boost tourism, improve measures to prevent natural disasters, protect intellectual property rights, save energy, increase environmental protection and address climate change. To promote people-to-people exchanges, 皇冠体育app will implement an initiative to train 8,000 professionals in various sectors for ASEAN in the next five years, he said. (For more biz stories, please visit )
|
|