Ramos underlines China's role in promoting Asia's economic integration

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Last updated at: (Beijing Time) Saturday, November 01, 2003

Ramos underlines China's role in promoting Asia's economic integration

Fidel Ramos, chairman of the board of the Boao Forum for Asia (BFA), Friday underlined the important role China plays in advancing Asia's economic integration process.

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Fidel Ramos, chairman of the board of the Boao Forum for Asia (BFA), Friday underlined the important role China plays in advancing Asia's economic integration process.

The free trade zone which is to be set up in 2010 between Chinaand the Association of Southeast Asian Nations (ASEAN) is an important step in the process of Asia's economic integration, saidRamos, former president of the Philippines, at a press conference held prior to the opening of the 2003 BFA annual conference in Boao, in southern China's Hainan Province.

Other east Asian countries such as Japan and the Republic of Korea, are considering following China's step to set up a similar free trade mechanism with ASEAN, said Ramos.

China is a huge market for ASEAN and other Asian countries, he said, adding that the ASEAN nations with combined population of 500 million is also a big market for China.

Ramos also emphasized China's role in keeping balance in regional affairs, especially its efforts in helping find solutionsto the nuclear issue of the Korean Peninsula.

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