Latest News:  
Beijing   Light rain/Overcast    25 / 20 ℃  City Forecast

English>>Foreign Affairs

China, ASEAN should work to improve on FTA development: VP

(Xinhua)

16:48, September 21, 2012

NANNING, Sept. 21 (Xinhua) -- China and ASEAN should work more vigorously to improve on the Free Trade Area (FTA) development, Vice President Xi Jinping said here Friday.

Xi made the remarks at the opening ceremony of the 9th China-ASEAN Business and Investment Summit and 2012 Forum on China-ASEAN Free Trade Area in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

It has just been less than three years since the launch of the China-ASEAN FTA. This arrangement, covering 1.9 billion people, has laid a solid foundation for ASEAN-centered regional integration and cooperation, Xi said.

"We hope that the two sides will continue to implement the various FTA agreements, further improve on trade and investment liberalization and facilitation, and optimize the mix of import and export commodities, so as to meet, as scheduled, the trade volume target of 500 billion U.S. dollars by 2015," Xi said.

He called on both sides to take the current China-ASEAN science and technology cooperation year as the opportunity to strengthen economic and technological cooperation within the FTA framework, promote policy awareness and capacity building, and raise the use rate of preferential policies.

Both sides should deepen industrial cooperation and improve intra-regional allocation of resources, and expand the FTA coverage by acting in a spirit of openness, inclusion, equality and mutual benefit, he said, adding that the China-ASEAN commodity trade centers in Nanning, Guangxi and Yiwu, Zhejiang are new platforms that ASEAN companies can use to promote their products and increase their share in the Chinese market. Most viewed commentaries

Most viewed commentaries
Japan will face negative consequences for its stubbornness Can mainland, Taiwan jointly defend Diaoyu Islands? Do not attempt to seize half inch of Chinese territory
Do not play with fire over Diaoyu Islands issue How could Japan "buy" China-owned Diaoyu Islands? What's Japan's greatest fear?

Email|Print|Comments(Editor:姚春、张茜)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. PLA Air Force conducts search and rescue exercise

  2. Endeavour takes off for last journey

  3. Foreign realty developers target China

  4. China's young piano prince

  5. The first Chinese science comic contest announces results

  6. Sexy & Violence --- Mexican women's wrestling

Most Popular

Opinions

  1. Gearing up for knowledge economy
  2. Editorial: Protectionism harmful
  3. US attack of Chinese autos baseless
  4. Stronger China-EU partnership benefits both sides
  5. Violent protesters not representative of real issue
  6. China, EU should set example in resolving disputes
  7. Chances of solving Syria crisis regionally ruled out
  8. Japan has never made effort to reflect its past
  9. Global value chains in the world economy
  10. Renaming of South China Sea draws some flak

What's happening in China

Chemical leakage turns villages red in Shandong

  1. Watchdog vows to severely punish dairy
  2. Women jailed for abducting 9-month-old
  3. Nanjing Massacre video compilation progressing
  4. Tax refund for owners of destroyed cars
  5. Shaanxi declines to reveal official's salary

China Features

  1. Visual spectacle in the eyes of Chinese diplomats
  2. Focus on North Korea's schoolgirls
  3. US suffers 'Arab winter'
  4. To live an amazing life
  5. Survivors tell you how to survive traffic accidents

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture