China on Friday hailed the latest full completion of negotiations on the Version 3.0 China-ASEAN Free Trade Area (CAFTA) protocol, saying both sides are looking to further expanding bilateral openness to achieve common prosperity and development.
Chinese and ASEAN economic and trade ministers held a special meeting via video link on Tuesday, during which they announced the full conclusion of negotiations for Version 3.0 of the China-ASEAN Free Trade Area protocol, the Chinese Ministry of Commerce (MOFCOM) said in a statement on Wednesday.
"This is definitely good news. It's a key step toward the signing of Version 3.0 China-ASEAN Free Trade Area protocol. Both China and ASEAN are staunch supporters of economic globalization and multilateralism," Foreign Ministry Spokeswoman Mao Ning said at a press conference in Beijing, commenting on the MOFCOM statement.
"By fully completing the negotiations, the two sides have sent a strong signal in support of free trade and open cooperation. We are to create a more inclusive, modern, comprehensive and mutually beneficial free trade zone, which will further expand bilateral openness between China and ASEAN and drive greater prosperity and development for both parties," said the spokeswoman.
China hails completion of talks on Version 3.0 China-ASEAN Free Trade Area protocol
