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Issue dated - 7th Nov. 2002

Home > Foreign Trade > Full Story

China will seek to advance free trade at ASEAN summit

AFP - Beijing

China is eager to push forward a free trade zone with the association of Southeast Asian Nations (ASEAN) at next week’s ASEAN summit, as well as discussing a similar deal with Japan and South Korea, officials said.

Premier Zhu Rongji will lead the Chinese delegation to the event in Cambodia and has a busy schedule in Phnom Penh, foreign ministry officials said. This includes talks with the 10 ASEAN leaders, the “10 plus three” grouping of ASEAN, China, Japan and South Korea as well as an inform summit between the three latter nations. During the ASEAN-China gathering, Mr Zhu hopes to sign a framework agreement on economic cooperation that will form the basis of the future China-ASEAN free trade zone, said Ms Fu Ying, director of the foreign ministry’s Asian department. “He will formally announce the launching of the process of the China-ASEAN free trade zone which is a part of the comprehensive economic framework agreement,” she told reporters.

 


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Quality demand for future
A recent study conducted recently by LEK Consulting GmbH on the global market for testing and monitoring equipment has observed that there will be significant increase in demand for textile testing and monitoring (T&M) equipment in most of the developing countries in the post-MFA regime following phasing out of quota as also growing competition in export markets.


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