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March 9, 2018

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Bilateral trade last year exceeded US$500b

China is looking to upgrade its strategic partnership and build a closer community of shared future with ASEAN, Wang Yi said yesterday.

The country will continue to put cooperation with ASEAN high on its agenda. A new blueprint for cooperation between the two sides will be fostered this year.

“The proposed China-ASEAN strategic partnership vision 2030 will lead to better coordination between the Belt and Road initiative and ASEAN’s development plans,” Wang said.

Meanwhile, cooperation will be broadened in political, security, economic, trade, social and personal fields.

Additionally, more efforts will be made to build a Lancang-Mekong economic development belt. China will support ASEAN community building and work for the early conclusion of the Regional Comprehensive Economic Partnership, the foreign minister said.

The year 2018 marks the 15th anniversary of the China-ASEAN strategic partnership.

“China-ASEAN cooperation is the most successful and dynamic in the Asia-Pacific region,” Wang said.

China has been the largest trading partner of ASEAN for nine consecutive years. Last year, trade between the two sides exceeded US$500 billion.




 

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