CAFTA upgrade talks to be accelerated
Print Edition
CHINA and the Association of Southeast Asian Nations will accelerate negotiations on upgrading the China-ASEAN Free Trade Area (CAFTA) in 2015, Tong Daochi, assistant commerce minister, said in Beijing yesterday.
He said the two sides launched the first round of talks on upgrading CAFTA in September and agreed to focus on key areas of trade in goods, service trade, dispute settlement and investment.
“Since countries differ in their economic development, we should maintain flexibility in negotiations to upgrade CAFTA and allow special treatment for the least developed ASEAN countries,” he told a press briefing on Chinese Premier Li Keqiang’s upcoming visit to Myanmar.
The premier, who proposed “an upgraded version” of CAFTA last year, is to attend a series of meetings on East Asia cooperation.
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