Expo shapes platform for China-ASEAN friendly exchanges, trade promotion and co-op: Indonesian minister

21:58, October 19, 2010      

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Mari Elka Pangestu, minister of trade of Indonesia, addresses the opening ceremony of the 7th China-ASEAN (Association of Southeast Asian Nations) Expo (CAEXPO) in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, Oct. 19, 2010. The 7th CAEXPO will be held in Nanning untill Oct. 24, 2010. This is the first CAEXPO since the founding of the China-ASEAN Free Trade Area (CAFTA) on Jan. 1, 2010. (Xinhua/Liu Guangming)

The China-ASEAN (Association of Southeast Asian Nations) Expo has shaped a platform for China-ASEAN friendly exchanges, trade promotion and cooperation in various fields, and greatly promoted the construction of the China-ASEAN Free Trade Area (CAFTA), Ibu Mari Elka Pangestu, Indonesian Minister of Trade said in Nanning Tuesday.

The remarks by the Indonesian minister came in her address when she hosted the opening ceremony of the seventh China-ASEAN Expo (CAEXPO), which kicked off Tuesday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

"This year witnessed the on-scheduled establishment of the China-ASEAN Free Trade Area," said Pangestu.

"We are confident that, with the joint efforts of China and the ten ASEAN countries, the seventh China-ASEAN Expo will make a greater contribution to the construction of CAFTA," she added.

China and ASEAN established CAFTA on Jan. 1, 2010. CAFTA provides zero tariffs on 90 percent of products traded between China and ASEAN and other favorable policies on trade and investment.

She said the ASEAN countries have always been active participants in the seven-year-old expo.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

The China-ASEAN Expo was initiated by Chinese Premier Wen Jiabao at the seventh China-ASEAN summit in 2003, and has been held for consecutive seven years in the permanent venue of Nanning.

Source: Xinhua


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