Hanoi (VNA) – China will continue supporting the buildingof the ASEAN Community, while prioritising bilateral trade partnership with theASEAN member countries, stated Chinese Minister of Commerce Zhong Shan.
Addressing the 16th consultation of ASEAN and Chineseeconomic ministers on September 8 within the framework of the ASEAN EconomicMinisters’ Meeting and related meetings in Manila, the Philippines, ChineseMinister of Commerce Zhong Shan noted of sound cooperation between ASEAN andChina in economics and trade.
He said that ASEAN is the third largest trade partner of China in thepast six executive years, while China has maintained its position as the toptrade partner of the association in the past eight years.
Foreign direct investment between the two sides reached 185 billion USD,and the China-ASEAN free trade agreement is being effectively implemented, headded.
Zhong also proposed a number of measures to foster cooperation withASEAN. He affirmed that Beijing is willing to expand collaboration with theassociation in various fields, while continuing its efforts to strengtheninfrastructure connectivity between the two sides.
He also said thatChina will strengthen mutual support with ASEAN to reduce the development gapin the ASEAN region, enhancing national development capacity, fueling regionaleconomic growth and promoting the ASEAN community building.-VNA