Xinhua, Beijing :
China and the Association of Southeast Asian Nations (ASEAN) on Sunday inked a protocol on deepened cooperation on bilateral trade.
The protocol covers a wide range such as trade in goods, services, investment,
economic and technological cooperation, and is a supplement to the original
agreement of the ASEAN-China Free Trade Area (ACFTA), according to a statement
by China’s Ministry of Commerce.
China vowed to improve its services in construction engineering, securities, travel agencies and tourism operators, while the ASEAN members promised to further open their service sectors to China, including commerce, telecommunication, construction, education, environment, finance, tourism and transportation.
Both sides agreed to further open their services, allow each other to establish solely-owned or joint-venture companies, and reduce regional restrictions.
The ACFTA is a free trade area between the 10 ASEAN member states and China, with its initial framework agreement signed in 2002 and the area fully completed in 2010.
China and the Association of Southeast Asian Nations (ASEAN) on Sunday inked a protocol on deepened cooperation on bilateral trade.
The protocol covers a wide range such as trade in goods, services, investment,
economic and technological cooperation, and is a supplement to the original
agreement of the ASEAN-China Free Trade Area (ACFTA), according to a statement
by China’s Ministry of Commerce.
China vowed to improve its services in construction engineering, securities, travel agencies and tourism operators, while the ASEAN members promised to further open their service sectors to China, including commerce, telecommunication, construction, education, environment, finance, tourism and transportation.
Both sides agreed to further open their services, allow each other to establish solely-owned or joint-venture companies, and reduce regional restrictions.
The ACFTA is a free trade area between the 10 ASEAN member states and China, with its initial framework agreement signed in 2002 and the area fully completed in 2010.
