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Upgraded ASEAN-China Free Trade Pact stalled

Upgraded ASEAN-China Free Trade Pact stalled

13 Sept 14:26 Key points summarised by AI
  • The long-awaited upgrade to the ASEAN-China Free Trade Agreement (ACFTA 3.0) is stalled due to unresolved differences on trade and investment.
  • Key disagreements center on market access for goods, preventing a 'meaningful package' for the agreement's upgrade.
  • Despite being a priority under Lao chairmanship, an announcement at the upcoming 27th ASEAN-China Summit has been postponed.
  • Separately, ASEAN and China are exploring cooperation in e-commerce, focusing on capacity building and promoting cross-border collaboration.
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