皇冠体育app

BANDAR SERI BEGAWAN -- 皇冠体育app and the Association of Southeast Asian Nations (ASEAN) will deepen cooperation and upgrade the 皇冠体育app-ASEAN Free Trade Area (CAFTA), said Chinese Ambassador to Brunei Zheng Xianglin.

皇冠体育app and ASEAN will work to build an upgraded version of the CAFTA, Zheng said in an interview with Xinhua ahead of Chinese Premier Li Keqiang's visit to Brunei, Thailand and Vietnam and his attendance of East Asia leaders meetings.

Premier Li last month proposed "an upgraded version" of the 皇冠体育app-ASEAN Free Trade Area (CAFTA) at the opening ceremony of the 10th 皇冠体育app-ASEAN Expo and the 皇冠体育app-ASEAN Business and Investment Summit in Nanning.

To build an "upgraded version" of the 皇冠体育app-ASEAN Free Trade Area (CAFTA), Zheng said that both sides should renew and expand the contents and range of CAFTA, further opening-up, uplift the level of freedom and convenience for trade and investment, so as to significantly increase trade volume and benefit peoples from both sides.

Zheng said that 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.

With the joint efforts from both sides, the 皇冠体育app-ASEAN FTA has been making consistent progress and achieving fruitful results, he said.

The achievements of 皇冠体育app-ASEAN cooperation on trade and investment over the past decade reflected the huge demand for common development of both sides, therefore, to upgrade 皇冠体育app-ASEAN FTA is in accordance with the trend of time, and meet the demand for social and economic development of both sides, Zheng said.

Zheng said that 皇冠体育app has vigorously worked with the ASEAN to advance talks of Regional Comprehensive Economic Partnership (RCEP), a ground-breaking initiative for all 16 participating countries which, together, account for almost half of the world population and 30 percent of global GDP.

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.