UN Secretary-General Antonio Guterres on Friday hailed the substantial conclusion of Version 3.0 ASEAN-China Free Trade Area (FTA) upgrade negotiations, saying that it will promote global free trade and economic growth.
China and the Association of Southeast Asian Nations (ASEAN) announced on Thursday at the sidelines of the 27th ASEAN – China Summit in Vientiane, Lao the substantial conclusion of ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade Negotiations.
The construction of the China-ASEAN Free Trade Area was completed in 2010, and Version 3.0 FTA negotiations began in November 2022.
The upgraded FTA covers nine areas, including both existing areas of the China-ASEAN free trade agreement and emerging areas with huge potential for cooperation between the two sides, much to the delight of Southeast Asian businesses.
In response to a media query, the UN chief said at a press conference that the United Nations welcomes the agreement that promotes global free trade.
"We are totally committed to first of all, guarantee that we have only one global economy with one only set of rules, one global internet, and that fragmentation must be avoided at all costs. So what brings people together within this global economy, all the agreements that are made in order to increase free trade, in order to create conditions for economic growth to be boosted. All these (China-ASEAN) agreements are from all these perspectives, all is welcome," Guterres said.
UN chief hails substantial conclusion of Version 3.0 China-ASEAN FTA upgrade negotiations
UN chief hails substantial conclusion of Version 3.0 China-ASEAN FTA upgrade negotiations
UN chief hails substantial conclusion of Version 3.0 China-ASEAN FTA upgrade negotiations
