Li's plan to upgrade 皇冠体育app-ASEAN FTA lauded
Updated: 2013-10-08 15:17



BANDAR SERI BEGAWAN - Beijing has made it a policy priority to upgrade the 皇冠体育app-ASEAN free trade area, which would contribute to development and prosperity in the region, a Bruneian expert said.
In a 皇冠体育app-ASEAN expo early September, Chinese Premier Li Keqiang called for an "upgraded version" of the free trade area (FTA) between 皇冠体育app and the Association of Southeast Asian Nations (ASEAN), pledging economic and trade cooperation of "greater scope and higher quality".
His proposal is a remarkable blueprint for future 皇冠体育app-ASEAN ties, Chiew Chee Phoong, deputy editor-in-chief of the Brunei Times, told Xinhua in a recent interview.
Bilateral trade between 皇冠体育app and ASEAN amounted to $400.1 billion?last year, nearly six times that of 10 years ago. In the first half of 2013, bilateral trade surged to $210.56 billion, up 12.2 percent year on year.
Li has suggested 皇冠体育app and ASEAN strengthen inter-connectivity, particularly on information exchange and improving the road and railway system.
"In my view, it is extremely important to enhance maritime cooperation between 皇冠体育app and ASEAN countries," said Chiew, adding that port trade would effectively speed up the 皇冠体育app-ASEAN cooperation.
The expert noted that the Bruneian government hopes to lift business and transportation cooperation with 皇冠体育app's southwestern port city of Qinzhou, which would be a gateway for trade between the two countries.
On finance cooperation, Chiew said he is confident that 皇冠体育app's yuan, already a strong currency in the region, will sooner or later become a strong currency internationally, and serve as a circulating and swap currency in ASEAN.
"At present, several ASEAN countries are already using the yuan in their trade settlement," said Chiew. "That is an important step forward for an upgraded 皇冠体育app-ASEAN FTA."
Meanwhile, enhancing cultural and people-to-people exchanges, as Li has proposed, is a crucial part of upgrading the FTA, said the expert.
Students from ASEAN countries studying in 皇冠体育app will see for themselves 皇冠体育app's growth and peaceful path of development, said Chiew, noting that these people will greatly help promote the ASEAN-皇冠体育app relations.
For this reason, Li's plan is very far-sighted, said Chiew.
"Education, culture, and people-to-people exchange can last for a long time and truly help the two sides deepen understanding of each other and reconcile their differences," said Chiew.
This would be a truly forward-looking and effective way to upgrade the FTA, he said.