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Chinese vice premier urges early ending of talks on China-ASEAN FTA investment pact
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14:58, October 28, 2007

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Chinese Vice Premier Zeng Peiyan on Sunday pushed for an early conclusion of talks on a China-ASEAN (Association of Southeast Asian Nations) free trade area investment agreement in a bid to expand mutual investment.

"The two sides should continue stepping up dialog on investment policies and work for an early conclusion of talks on a China-ASEAN free trade area investment agreement," Zeng said in his keynote speech delivered at the opening of the Fourth China-ASEAN Business and Investment Summit in the southern China city of Nanning.

He also urged related institutions to strengthen communication and consultation to improve the environment for investment and build a service platform to support enterprises of both sides, especially small and mid-sized enterprises, in investment and cooperation.

"The Chinese side will increase investment in ASEAN countries which are the major target areas for Chinese enterprises to carry out overseas business operations," said Zeng.

"The effort includes establishment of several trade and economic cooperation zones in ASEAN countries to help Chinese enterprises to enter Southeast Asia and promote their local operations and contribute to the local communities," he added.

The summit, held under the theme of innovation and cooperation --step up increasing the power for regional growth, will have two main topics on service trade and financial cooperation and trade and investment facilitation.

Source: Xinhua

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