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People's Daily Online>>China Business

Sino-ASEAN trade likely to reach $400b (2)

By Li Xiaokun (China Daily)

08:47, November 21, 2011

Wen arrived in Brunei on Sunday after he spent three busy days on the Indonesian resort island of Bali at the ASEAN and East Asia summits.

The premier told the audience at the university that he came to Brunei to celebrate the 20th anniversary of bilateral diplomatic ties.

Ties between the two nations have grown in a stable way mainly because the two countries "respect and treat each other with equality".

Located on the northern coast of the island of Borneo in Southeast Asia, Brunei has an area of 5,765 sq km and a population of 406,000.

Sultan Hassanal Bolkiah hosted a welcome dinner for Wen on Sunday evening. The two leaders will have an official meeting on Monday before Wen returns to Beijing.

Though it has a dispute with China over a small area of the South China Sea, Brunei has maintained a low-profile stance on the issue and stressed it should be settled through mutual consultation.

Lu Jianren, an expert on Asia-Pacific studies at the Chinese Academy of Social Sciences, said joint exploration of oil and gas with Brunei is both "a win-win choice and a peaceful way to solve the territorial issue".

He added that through closer trade and economic ties with Brunei, one of the initiators of the Trans-Pacific Partnership, China could show its sincerity and openness toward regional economic integration.

Zheng Yangpeng in Beijing contributed to this story.

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Leave your comment1 comments

  1. Name

helen at 2011-11-21203.82.92.*
Excellent!Please continue to expand economic co-operation with Asean and trade in non-US$. Economics is the language most understood by majority of Asean countries. The mutual benefit will transcend all other contradictions.

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