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Ministry of Commerce: China - ASEAN Free Trade Area in the first round of negotiations or completed

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The Information Office of the State Council on Wednesday, 29 July 2015) at 10 o'clock in the morning held a news conference and introduced the situation of the China - ASEAN trade and economic cooperation and the 12th China ASEAN Expo, China ASEAN Business and Investment Summit. Vice Minister of Commerce Gao Yan said that China - ASEAN Free Trade Area to upgrade the first round of negotiations is expected to be completed this year.
The following is a statement:
Vice Minister of the Ministry of Commerce of the high Yan, ladies and gentlemen, good morning! Thank you very much for the support of the Ministry of Commerce, I briefly introduce the relevant situation of China ASEAN Economic and trade cooperation. First, economic and trade cooperation to maintain rapid growth, both companies and people are getting benefits. China and ASEAN are good neighbors and good partners of mutual benefit and win-win, bilateral economic and trade cooperation has made new progress. In recent years, with the strengthening of mutual political trust, China - ASEAN Free Trade Area of the process to accelerate the construction of economic integration, the two sides fruitful cooperation in economic and trade. In bilateral trade, 2014 China and ASEAN bilateral trade volume is $4801 billion, an increase of 8.23%, higher than the overall growth of China's foreign trade nearly 5 percentage points; this year bilateral trade volume in the first half of the year is 2243.8_yi billion dollars, year-on-year growth of the 1.6%; the ASEAN trade accounts for about 12% of China's total foreign trade. At present, China is the largest trading partner of ASEAN, ASEAN is China's third largest trading partner, the fourth largest export market and the second largest source of imports.
Mutual investment, by the end of 2014, China and ASEAN accumulated two-way investment of over $130000000000, of which the ASEAN countries to invest more than $90000000000 in china. China's investment in ASEAN has developed very rapidly in recent years, and after 2010 the new investment in ASEAN accounted for more than 60% of China's total foreign investment. China is also accelerating the pace of building an economic and trade cooperation zone with each ASEAN country, hoping to improve the level of cooperation between the two sides through the clustering of investment.
In the construction of infrastructure investment, ASEAN is an important destination for Chinese enterprises to carry out the project contracting market and labor service cooperation, cooperation between the two sides of the implementation of the electricity, bridges, agriculture and manufacturing of a large number of projects. In the regional economic cooperation and integration, the two sides since September last year started the China ASEAN Free Trade Area to upgrade the first round of negotiations, to the present has made positive progress, is expected to this year to complete negotiations. At the same time, regional comprehensive economic partnership agreement, that is, we often say that the negotiations have also made positive progress RCEP.
Second aspects, China - ASEAN Expo results are remarkable, set up a model of cooperation and win-win. China ASEAN Economic and trade cooperation has achieved fruitful results. The reason is that the political mutual trust is a strong guarantee, economic cooperation also good foundation, but also thanks to the China ASEAN Expo play an important role. Expo held for 11 years, leaders of China and the 10 ASEAN countries to push himself, personally support, cooperation in 11 countries do, 11 countries enterprises to actively participate in, the FTA facilitate policy change directly for opportunities and benefits, to reach a large number of practical cooperation projects, play a role of FTA construction "booster". Previous Expo also arranged for the series of political and business dialogue, held customs, quality inspection, finance, logistics, human and other areas of exchange activities, the "China Unicom communication policy, infrastructure, trade flow, financing and popular connected implement.
2015 is the president Xi Jinping advocated a "along the way" to promote the construction of an important year. In the new situation, the ASEAN Expo to play a total of advantages, highlighting the political diplomatic brand influence. Improve informal leadership meeting mechanism, to carry out consultations at ministerial level, strengthen political and business exchanges and dialogue, with the purpose of "to jointly build and share" principle, to build along the way, agglomeration consensus on cooperation, development planning docking, also should focus on key areas along the way, with China - ASEAN free trade area to upgrade the construction, tap the potential of trade, expand the scale of mutual investment, in terms of international production cooperation, industrial cooperation Park, cross-border economic cooperation, promote a number of major projects landing. Play fair win-win characteristics for ASEAN countries through fair share dividends along the way construction, let more ASEAN goods to enter the Chinese market, the ASEAN enterprises to obtain real benefits.
In addition, in the good service cooperation of China - ASEAN "10 + 1" at the same time, also want to further to the regional comprehensive economic partnership agreement between the national cooperation and cooperation in China and the countries along the way to expand and create greater cooperation and win-win space. China is willing to strengthen cooperation with ASEAN countries and jointly consolidate, improve and develop the ASEAN Expo this platform, so as to better play the role, for the construction of service along the way construct China ASEAN Community of destiny and make greater contribution. At the same time, also hope and welcome friends of the press continue to care for and support ASEAN expo. Thank you!
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