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Zhang eyes upgraded China-ASEAN FTA
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VICE Premier Zhang Gaoli said yesterday that China and ASEAN members should make joint efforts to finish negotiations on upgrading the China-ASEAN Free Trade Area by the end of this year.
He made the remarks while addressing the four-day 12th China-ASEAN Expo, which started yesterday in Nanning.
Zhang urged deeper cooperation in customs, inspection and quarantine, certification, and information collection between China and the Association of Southeast Asian Nations to lower non-tariff barriers and ease bilateral trade and investment.
“We should explore new growth source of trade and expand mutual trade and investment,” he said.
China aims to elevate bilateral trade with ASEAN to US$1 trillion by 2020 and invest over US$100 billion in ASEAN between 2013 and 2020, according to Zhang.
“China is willing to work with ASEAN to accelerate the negotiations on the Regional Comprehensive Economic Partnership and boost regional economic integration,” he said.
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