China, ASEAN to deepen trade cooperation
Updated: 2015-09-18 20:10
(Xinhua)
|
|||||||||||
NANNING - Chinese Vice-Premier Zhang Gaoli said Friday that China and ASEAN members should make joint efforts to finish the negotiations on upgrading the China-ASEAN Free Trade Area (CAFTA) by the end of this year.
He made the remarks while addressing the 12th China-ASEAN Expo, which started on Friday in Nanning, capital of South China's Guangxi Zhuang autonomous region.
Zhang called to boost cooperation in customs, inspection and quarantine, certification, and information collection between China and ASEAN to lower non-tariff barriers and make bilateral trade and investment easier.
"We should explore new growth source of trade and expand mutual trade and investment," he said.
China aims to elevate bilateral trade with ASEAN to 1 trillion U.S. dollars by 2020 and invest over $100 billion in ASEAN between 2013 and 2020, according to the vice-premier.
"China is willing to work with ASEAN to accelerate the negotiations on the Regional Comprehensive Economic Partnership and boost the regional economic integration,"Zhang added.
China is ASEAN's largest trade partner, while ASEAN ranks as China's third-largest trade partner. Bilateral trade between China and ASEAN increased 8.23 percent year on year to $480 billion in 2014.
The expo is scheduled to run from Sept 18 to 21.
Related Stories
China, ASEAN push for more maritime cooperation 2015-09-17 20:08
ASEAN Community to give impetus to China's 'Belt and Road' initiative 2015-08-05 10:50
China, ASEAN vow further cooperation in education 2015-08-04 17:29
Today's Top News
Economy worries prompt Fed to hold rates steady
Overwhelmed by migrants, Croatia closes border with Serbia
China's role at United Nations growing: US official
The ancient city takes a new route along the Silk Road
Villagers angry at verdict on fatal fire
EU's Tusk calls EU summit on migration
At least three killed as powerful quake hits off coast of Chile
Australian father takes on Chinese drug dealers after son's death
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
President Xi to meet Cameron and 'Comrade' Corbyn |
Stepping up |
Rural families still hope for male heirs |
Blue skies over Beijing ... for now |
V-Day parade for 70th WWII anniversary |
Tianjin blasts: Death, damage and bravery |